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| Image c/o franchise.theupsstore.com |
As part of the White House's "Operation Enduring Opportunity" initiative, the UPS Store agreed to financially support up to 10 U.S.-American military veterans wanting to set up their own franchise establishments in new locations.
UPS Store said that it would pay out a franchise fee of $29,950 for up to 10 qualified veterans and aspiring first-time franchisees. Such will then have to sign a letter of intent until 30th June this year in order to receive the VetFran incentive.
Tim Davis, vice president of operations at UPS Store and a former Marine himself, said that the parcel delivery provider was
Tim Davis, vice president of operations at UPS Store and a former Marine himself, said that the parcel delivery provider was
"(...) extremely proud of our franchisees, especially those who are military veterans. 'Operation Enduring Opportunity' will as many as 75,000 veterans and their family member find new career paths in franchising, provide them with great jobs and help boost our nation's economy."
Researchers say that there are currently about 66,000 veteran-owned franchises in the USA.
Further organisations and institutions to support Operation Enduring Opportunity include the International Franchise Association (IFA), the U.S. Chamber of Commerce and Mail Boxes, Inc. (MBE).
Steve Caldeira, IFA president and CEO, spoke off a multitude of training and leadership opportunities for the military veterans as well as the "need for operational excellence (...) and productive participants in the U.S. economy."
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Source: UPS
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