THE FRANCHISE INDUSTRY APPLAUDS THE GOVERNMENT RESCUE PLAN
For immediate release
Contact: Alisa Harrison, 202-628-8000
WASHINGTON, DC, Sept. 28, 2008---The International Franchise Association (IFA) today applauded the bipartisan economic rescue plan agreed to by congressional leaders and urged both the House and Senate to pass it quickly.
“We support the plan as outlined today by negotiators as a critical step in freeing up needed credit to help keep Main Street businesses operating and growing,” said IFA Vice President of government relations David French. “Our members commend the extraordinary efforts by leading policymakers over the weekend to bring this important legislation together. The addition of crucial oversight and taxpayer safeguards strengthens the plan, and the package should send a positive signal to the financial markets and bring stability to the U.S financial system.”
The franchised business sector is made up of locally owned businesses that create 21 million jobs and contribute $2.3 trillion to the private sector economy. Thousands of IFA members made their views known to congressional leaders this weekend with the message to come together on a bipartisan plan to bring stability to our nation’s financial markets.
“We are grateful that our views and the views of thousands of small businesses across the country were heard,” French said. “Now, Congress should pass the bill quickly and get it to the President for signing.”
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 at www.franchise.org