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FRANCHISE BUSINESSES APPLAUD SENATE PASSAGE OF RESCUE PLAN

For immediate release
Contact: Alisa Harrison, 202-628-800


IFA Urges the House to Pass the Bill Quickly

WASHINGTON, Oct. 1, 2008—The International Franchise Association (IFA) today applauded the Senate passage of the Emergency Economic Stabilization Act of 2008, and urged the House to pass as well so that franchised businesses can continue to grow.

“Franchised business owners are grateful that the Senate has passed this needed measure to help stabilize the credit market,” said IFA President & CEO Matthew Shay.  “As recent media coverage has shown, real Main Street businesses, the small businesses that provide jobs and important tax revenue to thousands of communities across the country, are feeling the crunch right now.  We urge the House to pass the bill quickly and get it to the President’s desk for signature.”

To help illustrate the fallout from the credit crisis, Shay said that IFA members last week launched a massive grassroots outreach effort to let Congress know how the crisis impacts the 900,000 franchised businesses across the country.

“We are hearing story after story about the growing severity of the situation, and we hope that members of the House are taking note,” Shay said.  “This is a real crisis that threatens real havoc on Main Street.  Failure to act is not an option at this point.”

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About The International Franchise Association 
The International Franchise Association, the world’s oldest and largest organization representing franchising, is the preeminent voice and acknowledged leader for the industry worldwide. Approaching a half-century of service with a growing membership of more than 1,300 franchise systems, 10,000-plus franchisees and more than 500 firms that supply goods and services to the industry, IFA protects, enhances and promotes franchising by advancing the values of integrity, respect, trust, commitment to excellence, honesty and diversity. For more information, visit the IFA Web site www.franchise.org.

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