Following through on her promise to keep a focus on greater transparency in the franchise industry, United States Senator Catherine Cortez Masto (D-NV) this week filed the SBA Franchise Loan Default Disclosure Act. S.2162 is a simple, straightforward, 12-line piece of legislation that would require the Small Business Administration (SBA) to publish and update on…
Read More »On Wednesday of this week, the Small Business Administration (SBA) cancelled another round of Restaurant Revitalization Fund (RRF) payments that had already been approved during the Congressionally-mandated ‘exclusivity window’. This marks the second week in a row when previously approved assistance payments were halted by the agency. The difficulties stem from the fact that Congress…
Read More »The picture is becoming increasingly clear as to the depth and breadth of the pro-worker thrust of the US Department of Labor in the Biden administration. Earlier this week, the Wage and Hour Division issued a proposed rulemaking that would scale back the circumstances under which an employer may pay a lower minimum wage to…
Read More »It seems a bit ironic that it will officially take effect on Independence Day, but New York City’s new ‘just cause termination law’ will require a fast-food employer to prove a valid or just cause reason before terminating an at-will employee effective July 4, 2021. The law provides that once an employee has survived a…
Read More »Last week on a straight party-line vote of 26-15, the Delaware General Assembly passed legislation, already approved by the state senate, that will incrementally raise the state minimum wage to $15 per hour by 2025. The proposal, which Governor John Carney is expected to sign, makes the President’s home state the latest to adopt a…
Read More »The Colorado Supreme Court a week ago placed an employee’s earned vacation time beyond the reach of the employer in the event that the employee is terminated. In the case of Nieto v. Clark’s Market, the state’s highest court overturned a lower court decision from 2019 and ruled that earned vacation time cannot be forfeited…
Read More »Dunkin’ made quite the splash this past week with its announcement that Rafael Acevedo had been named to the position of Chief Marketing Officer (CMO) for Dunkin’. Acevedo, filling a position that’s been vacant since Tony Weisman left the company in 2019, comes to Dunkin’ from Coca-Cola, where he most recently served as Vice President…
Read More »Last week, the International Franchise Association (IFA) announced that Matt Haller has been appointed President and CEO. Haller, who has been with the association in a number of positions over the past decade, served most recently as its Senior Vice President of Government Affairs and Public Relations. He fills the post previously held by Robert…
Read More »The big news amongst competitors this week was the formal filing of the Krispy Kreme Initial Public Offering (IPO) where the company is expecting a valuation of $4 Billion. With 87% of its US stores having a drive-thru, company sales in 2020 were the highest ever at $1.122 billion, up from just under $1 billion…
Read More »On the lighter side, the success of the Dunkin’ marketing campaign for the past several years – America runs on Dunkin’ – is unquestionable. And if imitation is the greatest form of flattery as the old saying goes, then “the proof is in the pudding”. In the Virginia gubernatorial race where businessman and republican nominee…
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