As the franchise industry works to diversify its ranks, these brands have taken the lead—helping people from underrepresented groups achieve their franchising dreams.
In partnership with BlackRock’s Impact Opportunities Fund and James Collins, CEO of Eastwood Capital Partners, Retro Fitness recently announced the launch of Project LIFT, an initiative to open 500 new gyms in 50 Black and brown communities over the next five years. Franchise fees for these clubs will be waived and royalty fees will be reduced by 50% for one year, and a portion of their royalties will go to community organizations.
