Bill > SRes271

This resolution commemorates June 11, 2025, as "World Franchise Day", recognizing the significant role of franchising in the United States economy and entrepreneurial landscape. The resolution highlights the historical origins of franchising, tracing its roots back to Benjamin Franklin's printing business partnerships in 1731 and Isaac Singer's sewing machine distribution model in the mid-19th century. It emphasizes franchising's importance as a business growth strategy used across over 200 industries, providing opportunities for entrepreneurs, particularly minorities and veterans, with nearly 26% minority ownership and 14% veteran ownership rates. The resolution notes that franchising in the United States comprises 830,876 establishments, supports nearly 8.8 million jobs, generates $896.9 billion in economic output, and contributes almost 3% to the gross domestic product. By commemorating World Franchise Day, the resolution celebrates franchising's role in job creation, skills development, and providing pathways to business ownership, as established by the World Franchise Council, which represents over 40 national franchise associations worldwide.

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https://www.congress.gov/bill/119th-congress/senate-resolution/271/all-info