November 20, 2024

IFA Sinks Overtime Rule

In a major win for the franchise community last week, the IFA Law Center won its lawsuit against the burdensome Department of Labor (DOL) overtime rule in federal court.

Why it matters: The decision in the IFA-led lawsuit permanently vacates the rule, which would have saddled thousands of franchises with new compliance headaches and raised the salary threshold to nearly $60,000. IFA applauded the court’s action, which will have the effect of protecting jobs and providing more certainty for franchise owners to operate. 

Go deeper: Happening soon - you can join IFA’s Michael Layman today at 11:30 AM ET for a half-hour web briefing to learn what this ruling means and how to comply with federal overtime law moving forward.

Haller Outlines 2025 Franchising Priorities

Last week, IFA President and CEO Matt Haller penned an op-ed in Entrepreneur outlining three ways the incoming Trump administration can support the franchising community in the years ahead.

Our thought bubble: Haller emphasized the importance of extending the Tax Cuts and Jobs Act, updating the Franchise Rule and permanently enacting a commonsense joint employer standard to protect franchise businesses. Ahead of the new Administration and Congress, it is critical for policymakers to understand the priorities of America’s 800,000 franchise businesses.

In case you missed it: To hear more about the post-election outlook for your business, watch Matt’s post-election fireside chat with former Kansas Congressman Kevin Yoder and Democratic strategist Lori Denham by clicking here.

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Sport Clips Showcases Franchising Success

Day one of the Emerging Franchisor Conference in Austin, TX, this week featured a Franchisor Field Trip to the Sport Clips headquarters, where founder Gordon Logan hosted lawmakers and discussed the company’s imprint on the national economy and the role franchising plays in supporting local communities. 

Go deeper: Joined by Georgetown, TX Mayor Josh Schroeder and staff from state representative Terry Wilson’s office, Logan also highlighted the opportunities franchising offers veteran entrepreneurs. 

IFA Fights Proposed Minneapolis Regulations

On November 14, the Minneapolis City Council passed the controversial Labor Standards Board (LSB) resolution on a 9-3 vote, sending it to Mayor Jacob Frey.

What’s next: The IFA-led Save Local Restaurants (SLR) coalition remains actively engaged with the Mayor’s office, key council members, and the Minneapolis business community to advocate for a veto, emphasizing concerns raised by small businesses about the prospect of sweeping new regulations and standards on businesses.

Zoom in: While passage was anticipated, two swing vote council members, whose votes are critical to sustaining a potential veto, expressed significant reservations, offering a potential path forward for the coalition. Mayor Frey has until Wednesday, November 27 to issue a veto.

November 20 at 11:30 am ET | Overtime Rule Best Practices Webinar | REGISTER

November 26 | GREAT TEAMS Learning Series: Great Teams Strive to Build Camaraderie & Collective Direction | REGISTER

December 3 at 1:00 pm ET | Lunch N Learn: Million-Dollar Marketing Strategies for 2025 | REGISTER

December 3 at 3:00 pm ET | Breaking Boundaries: Female Founders Transforming the Franchise Industry Webinar | REGISTER

December 12 at 1:00 pm ET | International Franchise Show London Webinar - Expanding Your Brand to UK and Europe | REGISTER

December 12 at 3:30 pm ET | New Member Onboarding Webinar | REGISTER

February 10 - 13, 2025 | 2025 Annual Convention, Las Vegas, NV | REGISTER

April 11 - 12, 2025 | International Franchise Show London, ExCeL London | REGISTER

May 9-10, 2025 | The IFA World Franchise Show, Miami, FL | REGISTER