VetFran garners major recognition: the International Franchise Association was honored earlier this year by the American Society of Association Executives as a winner of the organization's 2008 Summit Award in recognition of its Veterans Transition Franchise Initiative, known as VetFran.
As part of the ASAE's Center for the Association Leadership's Associations Advance America program, the Summit Award is given to the very best efforts engineered by associations across the country in areas like public education/information, economic development, business and social innovation, skills training/development and civic and volunteer activities.
"We are honored to win the coveted Summit Award," said Matthew Shay, IFA president and CEO. "This award validates the hard work by our members and staff to provide opportunities to help former military personnel achieve the American dream of small-business ownership. We are grateful that the ASAE committee recognized the many contributions that franchising makes to our society."
ASAE serves approximately 10,000 associations that represent more than 287 million people and organizations worldwide. Each year, up to 50 associations are selected to receive the ASAE Associations Advance America Award of Excellence for improving the quality of life in America today. This year, 38 organizations were selected in three rounds. The six Summit Award winners, including IFA, were chosen from this group.
To honor those men and women who have served in the U.S. military, VetFran was developed to help them transition to civilian life. The idea of the late Don Dwyer Sr., founder of The Dwyer Group, VetFran is a voluntary effort of International Franchise Association member-companies that is designed to encourage franchise ownership by offering financial incentives to honorably discharged veterans.
To date, purchases of franchised businesses by former military personnel have surpassed 1,200 and more than 200 others were in negotiation as this issue of Franchising World went to press. There are nearly 350 franchised businesses from which to choose. Most participating franchise companies offer significant reductions of the initial franchise fee required at purchase. Company details and their incentives for veterans may be viewed at www.franchise.org's "VetFran Directory."