FOR IMMEDIATE RELEASE
Contact:
Matthew Haller, 202-662-0770
Jenna Weisbord, 202-662-0766
mhaller@franchise.org
jweisbord@franchise.org
IFA STATEMENT – MAINE STATE SENATE REJECTS LD 1458 MINORITY REPORT
WASHINGTON, April 2, 2014—The International Franchise Association released the statement below following the decision by the Maine Senate to reject LD 1458 minority report:
“IFA applauds the overwhelmingly bipartisan decision by the Maine Senate to protect Maine’s franchise businesses and strike down the radical nature of the LD 1458 minority report.
“This bill would have created a new regulatory scheme governing complex business to business relationships that would have made Maine the least attractive state for franchise development.
“We applaud senators for recognizing the bill was a solution in search of a problem that doesn’t exist and was being promulgated by a vocal minority who sought to distort reality for their own self-interest.
“This decision ensures franchise businesses can continue to operate without unnecessary government intrusion into private contracts, consumers will continue to receive products and services from Maine’s 3,600 franchise businesses and prospective franchisees will be able to invest in new franchises in Maine.”
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About the International Franchise Association
The International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. Celebrating over 50 years of excellence, education and advocacy, IFA works through its government relations and public policy, media relations and educational programs to protect, enhance and promote franchising. Through its media awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the economic impact of the more than 825,000 franchise establishments, which support nearly 18 million jobs and $2.1 trillion of economic output for the U.S. economy. IFA members include franchise companies in over 300 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.
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Phone: +1 202/628-8000 Fax: +1 202/628-0812 www.franchise.org