The impacts of tax reform on U.S. businesses big and small is helping to jumpstart job growth, increase wages and result in other positive impacts to local communities. Click here to add your company to the list of IFA members who have pledged to reinvest.
By Andrew Parker, CFE, and Sarah Eustace
Stories continue to emerge about a wide range of companies taking various paths to turning tax savings into economic expansion while helping people directly. Across franchising, companies are stepping up in a variety of ways to serve employees and local communities. Here are some of their stories:
Steve Zishka, an Indiana-based franchisee with BrightStar Care, decided to reinvest the tax savings back into the business in the form of increased pay for employees and business expansion plans. “We signed a deal with BrightStar Franchising to build an assisted living facility in Fort Wayne,” he explained. The facility will result in around 20 new jobs in northeastern Indiana.
“We also feel that the tax savings will allow us to provide raises to all employees in 2018,” he continued, the first time in three years involving across-the-board raises to the company’s 250 employees. “These raises are critical for us to continue as the higher standard home healthcare provider in the area,” Zishka said, translating into higher employee retention and recruiting.