IFA announced that it has strengthened its relationship with the Small Business Administration by establishing a partnership to start, maintain and expand small business opportunities for veterans in franchising. Through a Strategic Alliance Memorandum signed today by IFA President & CEO Steve Caldeira and Acting SBA Administrator Jeanne Hulit, IFA and the SBA will work to support small business development through specific training and outreach activities for veterans and their families.
“We are grateful for the support of the SBA to recognize the proven track record veterans have as employees and franchisees in our industry,” said IFA President & CEO Steve Caldeira. “We are honored to partner with the SBA in their ongoing efforts to educate veterans about small business opportunities, including franchising. This relationship will further our collective goal of helping America’s returning veterans learn about the many opportunities available to them in the franchise industry.”
“At the Small Business Administration, we are committed to helping veteran entrepreneurs and small business owners achieve their dreams,” said Acting Administrator of the U.S. Small Business Administration (SBA) Jeanne Hulit. “Our partnership with IFA on the VetFran strategic initiative is an important step forward as we work to make sure that veterans looking to start or grow a business know about the tools and programs that exist to help them harness their entrepreneurial spirit. We all share a passion for helping veterans, and I look forward to working together as we continue to serve those who have served our country so bravely. Together we will help our nation’s veterans grow businesses that create jobs and strengthen our economy for the long-term.”
Highlights of the Strategic Alliance Memorandum include:
- IFA’s VetFran will coordinate franchising content in Operation Boots to Business, the entrepreneurship track of the Transition Assistance Program (TAP) through which all separating service-members process;
- For the first time, all separating service-members with an interest in small business and entrepreneurship will hear about the resources VetFran has to offer;
- VetFran will nominate veteran franchisees to join the SBA Veterans Advisory Committee;
- SBA & VetFran will collaborate on educational programming and information sharing including Small Business Development Centers (SBDC’s), SCORE and Women’s Business Centers
IFA’s VetFran is a strategic initiative launched in 1991, and includes over 600 IFA member companies offering financial incentives, training and mentoring to veterans interested in small business ownership and/or a career path in franchising.