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Contact: Alisa Harrison, 202-628-8000
INTERNATIONAL FRANCHISE ASSOCIATION CHAIRWOMAN TO URGE CONGRESS TO EXTEND CERTAIN TAX CREDITS TO HELP SMALL BUSINESSES LEAD THE ECONOMIC RECOVERY
WASHINGTON, Sept. 29, 2009—IFA Chairwoman Dina Dwyer-Owens will testify before the House Small Business Committee tomorrow about how franchise businesses would be helped through extension of expiring tax incentives.
Dwyer-Owens, chairwoman and CEO of The Dwyer Group, Waco, Texas, will urge Congress to extend bonus depreciation, the Work Opportunity Tax Credit, Death Tax Relief, and to pass The Help Veterans Own Franchises Act and improve access to credit for small businesses.
There are more than 900,000 franchised establishments in the U.S., creating 21 million American jobs and generating $2.3 trillion in economic output. The more incentives and tax credits available, the more jobs created, leading to a faster economic recovery.
“Since the economy went into recession, Congress has enacted numerous provisions that have helped small businesses avoid some of the worst effects of the downturn,” Dwyer-Owens said. “The nation is only now starting to see signs of recovery and fragile businesses need these programs to continue.”
||Chairwoman of the International Franchise Association, Dina Dwyer-Owens. Dwyer-Owens is the Chairwoman and CEO of The Dwyer Group, the franchisor of six service industry concepts including Rainbow International, Mr. Rooter, Aire Serv, Mr. Electric, Mr. Appliance and Glass Doctor.
||House Small Business Committee hearing on “Expiring Tax Incentives: Examining their Importance for Small Businesses on the Road to an Economic Recovery.”
||September 30, 2009, 10 a.m.
||House Small Business Committee; 2360 Rayburn House Office Building.
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 nearly 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 at www.franchise.org.