(WASHINGTON, D.C.) - Today, Matt Haller, IFA Senior Vice President of Government Relations and Public Affairs, released the following statement in support of President Biden's American Rescue Plan:
"IFA appreciates President Biden’s focus on increasing vaccinations, putting direct payments in the pocketbooks of Americans who need them most, extending the Employee Retention Tax Credit and establishing a restaurant grant program that recognizes eligibility for small franchises in one of the hardest hit sectors of the economy.
"Full recovery requires both a healthcare response and an economic response. The franchise sector alone is poised to add 800,000 new jobs if those conditions are met. It’s clear that additional small business relief will be needed, including an extension of the Paycheck Protection Program and other sector specific relief for industries like hospitality and fitness, to ensure that full recovery. IFA stands ready to work with the Administration and Congress to deliver a long-term solution."
Celebrating 60 years of excellence, education, and advocacy, the International Franchise Association is the world's oldest and largest organization representing franchising worldwide. IFA works through its government relations and public policy, media relations, and educational programs to protect, enhance and promote franchising and the more than 733,000 franchise establishments that support nearly 7.6 million direct jobs, $674.3 billion of economic output for the U.S. economy, and 2.5 percent of the Gross Domestic Product (GDP). IFA members include franchise companies in over 300 different business format categories, individual franchisees, and companies that support the industry in marketing, law, technology, and business development.