The crowds have left the first Concert for Valor conducted in the nation’s capital that united us for an evening of music, comradery and sincere thanks to your military service men and women, but another concerted effort continues.
According to a new IFA survey, more than 50,000 veterans have found employment in the franchise industry over the past year and more than 400 veterans have become local franchise business owners. Since 2011, the franchise industry has hired and recruited more than 203,890 veterans, military spouses and wounded warriors — including 5,608 new veteran franchisees.
“Franchise businesses realize that creating employment and small-business ownership opportunities for veterans, military spouses and wounded warriors is not only the right thing to do, but it makes good business sense,” said IFA President & CEO Steve Caldeira, CFE.
The survey, conducted by Franchise Business Review, found that: 52,333 veterans have found employment opportunities in the past year across 13,446 business locations.
- 62 participating franchise brands successfully recruited 416 veterans as new franchisees during the same period, and an additional 350 veteran franchisee candidates are currently under consideration.
- 70 percent of the franchisors surveyed indicated they had hired a veteran or the spouse of a veteran in the past year.
- The most popular industries among veterans coming into franchising include Automotive (16 percent), General Services (17 percent), Food (14 percent), Residential/Home Services (14 percent) and Business Services (9 percent). Of the franchisees surveyed, 98 percent believe that veterans are a good fit for employment within their businesses.
The study surveyed a variety of industries and company sizes to capture a representative sample of the franchise industry and results reflect a continuing commitment in the franchise community to provide career opportunities for veterans. Find more study results here and visit www.vetfran.com for program updates.