Economic diversification for Nevada is a critical issue for the state. Other states have rushed to adopt filming incentive packages, which have been successful in luring companies to spend millions of dollars in the incentive states. Nevada is one of a small minority of states that does not have an incentive.
As part of its ongoing efforts to increase the public awareness of the economic impact of franchising, The International Franchise Association has released new statistics based on its report, The Economic Impact of Franchised Businesses, Vol. 3, and the 2007 Economic Census. The web site (available at IFA – Report) provides information regarding the number of jobs and franchise establishments in the U.S.
Over the past several months, the blog post that has consistently received the most attention is Awuah v. Coverall: Is The Franchising Model Really At Risk? This is no real surprise, as the Awuah decision has garnered much attention as an area of concern for franchisors. As I recently gave a presentation to the Nevada Franchise Business Network on this topic, I thought I could supplement that post with some of the material I covered in my presentation. This blog post is a summary of the material I covered.
Well, here’s some good news on the economic front: as expected, the House approved the small business bill I reported on last week. The measure passed by a vote of 237-187, with all but thirteen Democrats and one Republican supporting the bill.
The next meeting of the Nevada Franchise Business Network will be on Wednesday, August 11, 2010 at 5:00 PM in the Cili Restaurant at Bali Hai Country Club.