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IFA Insider Vol. 18, Issue No. 18, Tuesday, April 17, 2012
IFA News
Govet Relations
IFA Events
Franchising World
Franchising News
Member Focus
Marketing
Join IFA
IFA CALENDAR

IFA Legal Symposium
May 20-22, 2012
Washington, DC


IBA/IFA Joint

Conference
May 22-23
Washington, DC

  
  

 

In an important ruling for the franchise industry, today, the U.S. District Court of Appeals issued an emergency injunction to delay the effective date, originally set as April 30, for the National Labor Relations Board's (NLRB) "Notice Posting Rule," which would have required businesses to post a biased notice explaining an employee's right to organize as a union. IFA and other members of the Coalition for a Democratic Workforce said that the poster failed to explain an employee's right to decertify an unwanted union, right to refuse to pay dues used for political purposes, or explain employees' rights in "right to work". "This is a critical win for franchise business owners as we continue our aggressive efforts to battle against unfair and unnecessary regulations that impede the industry's ability to grow and create jobs," said IFA President & CEO Steve Caldeira. Read more

  

 

  

Lending Summit highlights progress in small business lending, though gaps remain

An expanded coalition of trade groups representing the financial services and small business communities today announced an expanded private-sector partnership to strengthen small business lending and spur job creation at IFA's 2nd annual Small Business Lending Summit. The groups, including the Consumer Bankers Association, Financial Services Roundtable and the National Association of Government Guaranteed Lenders, cited regulations as a key factor impacting their ability to make loans and access capital.

 

The groups called on policymakers to hear about the challenges small businesses and lenders are facing in the current economic and regulatory environment. Speaking at the summit, SBA Administrator Karen Mills praised the IFA for its support of SBA lending programs, reporting the SBA has guaranteed $5.3 billion in loans to 5,200 franchisees during her tenure. House Majority Whip Kevin McCarthy said the rulemaking from the Dodd-Frank financial reform law needed to be slowed down in order to free up capital for small business loans.


Some of the media coverage of the Small Business Lending Summit is below:

 

IFA announces a strategic alliance with Guidant Financial

The IFA announced a strategic alliance with Guidant Financial, an industry leader in small business financing.  With the issue of credit still a factor for job growth, Guidant and the IFA will jointly develop and conduct educational programs focused on credit access for franchise businesses. "Access to capital is one of the foremost challenges facing franchise business owners in the current economic climate, and Guidant's strategic alliance with the IFA will allow for the expansion of credit access resources to more franchise borrowers nationwide," said David Nilssen, CEO & Co-Founder of Guidant. Read more

 

BoeFly and the IFA join together to expand credit access

BoeFly and the IFA have entered into a strategic alliance to expand credit access to franchisees. Franchise lending has steadily increased over the last 12 months, according to the new monthly Franchise Lending Index from the IFA and BoeFly. The Index was announced today at the Small Business Lending Summit, a meeting of franchising, finance and policy leaders.

"The Index confirms that access to credit in the franchise industry has achieved relative stability, a non-trivial achievement in the wake of the financial crisis," said Mike Rozman, co-president of BoeFly. Read more

 

 

On Monday, the Senate rejected consideration of the so-called "Buffett rule," a policy proposed by President Obama that would impose a tax increase on individuals and small-business owners with more than $1 million in revenue. Sen. Jon Kyl (R-Ariz.) noted IFA's opposition to the measure on the floor of the Senate Monday. Kyl stated the legislation will do nothing to improve job creation. "If enacted, these tax increases would have a real negative effect on employers trying to create jobs. The IFA recently reported franchise business owners could be significantly challenged to grow and create new jobs as a result of the Buffett rule." The outcome was the first phase of a week-long congressional discussion about taxes.  

 

 

Lending Shortfall Impedes Franchise Business Growth

Lending to franchise businesses has improved in the past year, but lending levels will not meet demand in 2012 resulting in a projected 18.6 percent shortfall, and nearly 94,000 jobs not created and $12.9 billion in economic output not generated, according to a new report commissioned by the IFA. The Small Business Lending Matrix and Analysis, vol. 4, prepared by FRANdata for the IFA Educational Foundation, shows franchise businesses will require $11.72 billion in new lending capital but banks will only make $9.5 billion available, an 18.6 percent shortfall. The report says the improvement can be attributed to greater demand for new franchise units and transfers, increased franchisor capacity for growth, greater bank willingness and the ability to lend along with an economy that is slowly improving. Despite the shortfall, FRANdata projects that 35,997 unit transactions will be financed in 2012, creating or maintaining more than 425,000 jobs and generating $56.7 billion of economic output. Read more

 

 

VetFran

 

 


First Lady Praises Businesses' Contributions to Joining Forces Campaign

First Lady Michelle Obama congratulated Americans and U.S. businesses for enabling Joining Forces, the campaign to help hire veterans and their spouses, to surpass its goal to hire 50,000 and instead announced its 60,000th hire on April 12. The First Lady made the announcement in Shreveport, La. to celebrate the first anniversary of the campaign. "Whenever we have asked Americans to step up, no matter who we were talking to, they have gone above and beyond our expectations-just above and beyond," said the First Lady in prepared comments.  "And I want these veterans to understand that.   America is stepping up in big ways." Read more

 

 

 

 

International Trade Exhibition for Partners and Franchises

The International Trade Exhibition (ITE) will allow US firms to discuss opportunities in Qatar's rapidly growing economy with high-ranking representatives of Qatar's private and public sector. ITE 2012 has developed a three-day program that will allow US companies to meet and engage with hundreds of potential Qatari partners in a face-to-face setting. ITE is supported by His Highness Sheikh Tamim bin Hamad Al Thani, Heir Apparent of the State of Qatar, with the goal of promoting trade opportunities between American companies and Qatar, further developing investment activities, highlighting business opportunities, and creating new relationships for Qatar's expanding market. For more information click here.

 

CFE Scholarships

The IFA Educational Foundation offers two scholarship programs to CFE candidates - The Irl Marshall CFE Scholarship, and the Gray Plant Mooty CFE Scholarship.  Both scholarships offer stipends of $2,500 towards tuition for programs offered for CFE credit. For more information and how to apply, click on the links provided.  Deadline for applications for the 2013 scholarship is November 30, 2012.

 

2012 IFA Major Awards: Call for Nominations

Each Year a group of individuals are honored by IFA with its highest awards during the annual convention. To nominate someone click here. For questions contact Jenna Weisbord at jweisbord@franchise.org.  

 

Barkley Executive Contributes to Study on U.S. Millennials' Buying Behaviors and Attitudes

A new report, The Millennial Consumer:  Debunking Stereotypes, which focuses on U.S. Millennials' avid use of technology, changing media-consumption habits and entry into the work force, includes research from The Boston Consulting Group, Barkley and Service Management Group. Barkley Executive Vice President Jeff Fromm is a co-author of the new report, which was released Monday. To download report, click here.   

 

As a proud member of the Supplier Forum, you recognize the ever-increasing importance of IFA's VetFran initiative for the United States Veteran. Take a few minutes now to reserve your sponsorship ad in our Veterans issue of Franchising World, paying tribute to these deserving men and women. The May issue provides the opportunity to do so in "IFA Supplier Forum Members Dedicated to Veterans".


This special section will provides you the opportunity to place a business card sponsorship ad showing your support for the program and will call attention to your unique solution for veteran entrepreneurs. Read more

 

Click here is a preview of the mock-up.    

 

  

 

Maximize Success and Minimize Mistakes on the Road to International ExpansionSteve Devine, senior vice president of international development for The Johnny Rockets Group, Inc

 

Strategies for Keeping Your Business Alive and Growing in 2012Zane Tankel is president of Apple-Metro Inc 

 

Motel 6 celebrates 50th anniversary

Motel 6 celebrates a 50-year legacy in 2012, having been founded in Santa Barbara, Calif., in 1962 by two genuine American entrepreneurs. Homebuilders Paul Greene and William Becker were inspired to create a no-frills hotel chain after a monthlong cross-country road trip. Over the decades, Carrollton, Texas-based Motel 6 has welcomed millions of travelers to its 1,100 company-owned and franchised locations, or more than 106,000 hotel rooms.  

Franchising News You Can Use

 

How Walking the Dog Became a Franchise

Fox Small Business Center

 

Small firms avoiding loans, citing slow recovery

CNN Money

 

Fast-Food Franchisees Bulking Up

The Wall Street Journal  

 

  
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