SBA 7(a) Program Open$ Again

After Congress moved quickly to unanimously increase funding for the popular SBA 7(a) loan program for small business, President Obama wasted little time as well in signing the funding bill into law – even doing so, for only the 6th time in his presidency via autopen since he is out of the country travelling.  The…

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Federal Franchise Bills Filed

US Representative Keith Ellison (D-MN) filed two important bills this week aimed at protecting franchisees.  The Fair Franchise Act of 2015 (H.3196) would prevent misleading or false information in the franchise agreement, prohibit mandatory arbitration provisions and would provide franchisees with the right to discuss their experiences with the franchisor and to join an independent…

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House Blocks GMO Labeling by States –

The US House last week passed the Safe and Accurate Food Labeling Act (H.1599) preempting states from requiring the mandatory labeling of foods containing genetically modified organisms (GMOs).  House passage comes as more states are entertaining the mandatory labelling of GMOs.  A major concern with state mandates is the impossible task that food manufacturers would…

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Federal $15 Minimum Wage Proposed

Although pandering for votes is never out of style with politicians, the presidential nomination campaigns are raising it to a new level.  A week ago, democratic candidate and former Maryland Governor Martin O’Malley formally called for a federal minimum wage of $15/hour.  Not to be outdone, this week democratic presidential hopeful Senator Bernie Sanders (D-VT)…

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Reaction to NY Wage Board

Since the Fast Food Wage Board appointed by Governor Andrew Cuomo finalized its recommendation to increase the minimum wage in New York by 71% to $15/hour, there has been no shortage of reaction (and outrage, justifiably) from the restaurant community.   We took note of two telling interviews.  Dunkin CEO Nigel Travis appeared on CNN and…

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EEOC Making More Anti-Business News

For many months, the NLRB was making all the headlines with their many anti-business decisions, but it appears now that the EEOC wants to get back in the stick-it-to-business game.  Within the past few weeks, the Equal Employment Opportunity Commission moved aggressively on two different fronts: first, filing a complaint alleging that an employer violated…

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Rhode Island Adds Pregnancy Protections

The Rhode Island legislature last month amended its Fair Employment Practices law to require employers to make reasonable accommodation for pregnant women and new mothers.  Under the bill, which Governor Gina Raimondo signed into law last week, employers must accommodate an employee’s or prospective employee’s pregnancy, childbirth or related medical condition.  Further, the bill prohibits…

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Early-Bird Extended for 2015 National Conference

For the few of you who may be procrastinating, DDIFO has extended its early-bird discount registration for the 2015 DDIFO National Conference until August 15.  The conference, which will include a host of exceptional presentations as well as the annual Hall of Fame induction gala is being held on September 21 and 22 at Caesars…

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Competitor News

Burger King/Tim Hortons Q2 earnings call was held at the beginning of this week.  Tim’s US reported same store sales of +7% in the recently ended Quarter 2. Check and transactions were not revealed. The 7% is a very good number as it compares to a 6% they recorded last year.  On the flip side…

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SBA 7(a) Loan Program Reaching Limit

One of the more popular loan programs administered by the US Small Business Administration is rapidly approaching its lending limit and will likely be suspended at the end of the month.  The 7(a) loan program is authorized to loan $18.75 billion this fiscal year, but some $16.6 billion had already been guaranteed by July 11. …

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