Congressional Franchise Caucus Formed!
Congressmen Josh Gottheimer of New Jersey and Rodney Davis of Illinois have relaunched the Congressional Franchise Caucus! This organization will serve as a bipartisan group designed to teach its members about issues confronting franchise small businesses.
In classic Congressional caucus fashion, the CFC will be comprised of members of the U.S. House of Representatives from both sides of the aisle. Its purpose is to educate the public, policymakers, and the media on the importance of the franchise business model and its economic benefits.
With the support of the IFA, the Congressional Franchise Caucus will promote and protect the franchise business model. Franchising is unique in the way that it is built upon “The Power of Brands” bringing business owners, employees, brands and the local community together. Behind these trusted brands are the entrepreneurial small business owners who deliver quality goods and services to their communities.
America’s 733,000 franchise businesses employ 7.6 million Americans and contribute more than $404.6 billion in U.S. GDP. Additionally, 90% of money generated by franchises stays local in that it is locally shared, locally invested, and leads to local community growth.
The caucus programs will provide franchisors, franchisees, and their employees with the opportunity to meet their local representatives and gives Members of Congress the chance to hear from their constituents about the issues facing their businesses and local communities. This interaction will foster the development of new relationships with small business owners in their community. Members will champion the franchising cause and advocate for small business owners who create economic opportunities in their communities every day.
IFA and franchise businesses applaud the leadership and support from Congressmen Gottheimer and Davis in reforming the Congressional Franchise Caucus!