Franchise Ascension Initiative
The Franchise Ascension Initiative (FAI) is a 6-month accelerator program aimed at preparing qualified individuals from underrepresented groups and economically disadvantaged communities with the education, mentorship, resources, and support to successfully launch a career in franchise ownership. The goal of the initiative is to narrow the wealth gap by catalyzing diversity in ownership in franchising. Franchising is a viable path towards wealth creation for all. Franchise businesses create jobs at a rate of 2.3x as high as non-franchise businesses. Franchising is a successful wealth-generation strategy for historically disadvantaged communities, with Black-owned franchise firms earning 2.2x as much in sales compared to Black-owned independent businesses, on average. Beyond the meaningful impact the initiative can make on narrowing the wealth gap, the program will increase the diverse franchisee talent pipeline and catalyze scores of qualified, talented entrepreneurs to establish and grow franchise businesses. The program will also expose scores of individuals to the possibilities of franchise ownership and careers in franchising through outreach to underrepresented groups and economically disadvantaged communities during the applicant recruitment process. Why wait? Applying is free of charge, and the program comes at no cost. For those accepted into the Inaugural class, there's just a $1000 refundable deposit. Apply for the Inaugural Franchise Ascension Initiative Class today. Application deadline is June 15. The journey begins in August 2024! In The News: FORBES: https://www.forbes.com/sites/fionasimpson1/2024/05/09/ifa-launch-new-franchise-initiative-aimed-at-narrowing-the-wealth-gap/?sh=39b525c15e34 SAVOY: https://savoynetwork.com/closing-the-wealth-gap-through-franchising/ THE FRANCHISE VOICE PODCAST: https://podcast.franchise.org/34 FRANCHISE WIRE: https://www.franchisewire.com/franchise-ascension-initiative-now-taking-applications/
