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AN OPPORTUNITY FOR U.S. VETS TO OWN THEIR OWN BUSINESSES

 WACO, Texas, April 5 /PRNewswire/ -- There has been a lot of recent news coverage of the thousands of jobs that are being cut by GM, IBM, Boeing and other major corporations. Less attention has been paid to the huge cuts planned by the U.S. armed forces; 325,000 career military men and women will be eliminated from the services annually over the next four years. They will flood an already bleak employment situation.
 There is a program, however, that helps veterans fit back into the civilian economy -- not only finding jobs, but becoming their own bosses. In the first year the program helped nearly 300 veterans launch their own businesses through franchise operations; new businesses that, incidentally, created an additional 2,000 jobs.
 The program, called VETFRAN, is a cooperative effort between the private and public sectors. Its purpose is to stimulate the economy and create jobs by enabling veterans and active-duty military personnel to purchase franchised businesses with reduced capital investment. It was created by Don Dwyer, who owns several franchise companies based in Waco, Texas. Dwyer is gearing up VETFRAN to handle an anticipated 10,000 inquiries this year from people leaving the military and interested in setting up their own businesses.
 Dwyer enlisted the International Franchise Association, a trade association representing over half-a-million franchised businesses, to co-sponsor VETFRAN. the program provides vets with information about hundreds of franchising companies in all types of industries (fast-food, business services, retailing); participating companies either offer vets a reduced franchising fee or financing for up to half of the fee.
 Veterans interested in accessing this program can do so by mailing a self-addressed, stamped envelope, and one dollar, to VETFRAN, P.O. Box 3146, Waco TX 76707. They will than be sent a brochure containing an overview of the program and a list of participating franchisors with contacts' names and telephone numbers.
 -0- 4/5/93
 /NOTE TO EDITORS: Don Dwyer is available for interviews/
 /CONTACT: Dan O'Connell of Robert Marston Associates, 212-371-2200, for VETFRAN/


CO: VETFRAN ST: Texas IN: SU: PDT

TM -- NYFNS1 -- 2835 04/05/93 07:30 EDT
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Date:Apr 5, 1993
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