Susan Kezios, President of the American Franchisee Association has asked us to make franchisees aware of some interesting legislative activity that may impact franchisees.
A Federal program called EB-5 was initially created by Congress on 1990 but is up for
renewal in September. The EB-5 program allows well capitalized immigrants to invest in
the United States and eventually receive permanent resident status.
Small business and franchises have had access to this capital but with this renewal large
real estate developers are leaning on Congressional representatives to delete the small
business and franchise language.
The AFA is asking franchises in Iowa, Kentucky, and Texas to flood their Senators' offices
with phone calls and E-mails supporting the continued inclusion of "small business and franchise" language in the renewal of EB-5.
If anyone is interested in more information I have a package I can send you by E-mail.
Meanwhile, McDonald's Operators in the above three states might consider contacting