Congress, IFA Advance Diversity.

Author:Cresanti, Robert
Position:FROM THE CEO&'S DESK
 
FREE EXCERPT

It&'s very encouraging to see leadership in action. In late February, a group of 58 members of Congress called on the U.S. Census Bureau to collect more frequent data on franchise ownership among women and minorities as part of an effort to promote business ownership.

The most recent Census data from 2012 shows that 30.8 percent of franchise businesses are owned by minorities, compared with 18.8 percent for non-franchise businesses. "More recent and frequently provided information could be used to help policymakers as we work to promote economic growth among underserved communities," stated a letter from the group led by Reps. Alma Adams (D-N.C.) and Richard Hudson (R-N.C).

The percentage of women and minority owned businesses has increased by 50 percent over the last decade, noted Rep. Adams. "Proper data and research will allow us to better serve these businesses, ensuring they have the tools and resources they need to not only survive, but to...

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