FINANCE & FRANCHISING
The Economic Impact of Franchise Businesses
Congress with new data showing the im- pact of franchising in their state and con- gressional district, while also outlining “Solutions for the Economy,” the fran- chise business community’s public policy goals that encourage economic recovery and job growth. “IFA supports public policies that en-
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courage economic recovery and job growth in the franchise business commu- nity, said IFA President & CEO Steve Cal- deira. “These include initiatives that in- crease small business access to credit, eliminate tax uncertainties, reduce the cost of health insurance and support veter- ans and minorities as small franchise busi- ness owners.” According to the new data, there are
over 825,000 franchise businesses across 300 different industries creating nearly 18 million jobs and generating over $2.1 tril- lion to the U.S. economy. The full report, The Economic Impact of Franchised Businesses, Vol. 3, conducted for the IFA Educational Foundation by PwC, is avail- able at
www.buildingopportunity.com and includes breakdowns showing the eco- nomic impact of franchise businesses in each state and congressional district. In order to demonstrate how franchis-
ing is building local businesses one op- portunity at a time, the IFA has been fea- turing some of the most iconic and emerging brands in franchising through a print and online advertising campaign in Roll Call, POLITICO,
CQ.com, and Na- tional Journal. These ads have featured Dunkin’ Brands, Inc. (Dunkin’ Donuts and Baskin-Robbins), Express Employ- ment Professionals, Jani-King, McDon- ald’s, and BrightStar Franchising, LLC. “Franchise businesses play a powerful
role in creating jobs across the country,” said IFA President & CEO Stephen J. Cal- deira. “We urge members of the 112th
74 PROFESSIONALWOMAN’S MULTICULTURAL MAGAZINE
he International Franchise Associa- tion presented members of the 112th
Congress to consider the impact of public policies on the ability of small franchise businesses to grow and help move the economy from a jobless recovery to a job creating economy.” More than 500 franchise business lead-
ers will visit Washington, D.C. this fall to meet with their legislators on issues such as access to credit, tax laws, health care and labor policies, during IFA’s annual Public Affairs Conference, September 13- 14, 2011. To address another major issue impact-
ing franchise businesses, IFA will con- vene its first-ever Small Business Lending Summit tomorrow in Washington, D.C. The one-day event will bring together leaders in the franchise small business and banking industries to develop solutions to address the projected 20 percent lending
CELEBRATING 11 YEARS OF DIVERSITY
shortfall to franchise businesses showin in IFA’s latest Small Business Lending Ma- trix & Analysis. The report, prepared for the IFA Educational Foundation by FRANdata, shows 80,000 jobs would not be created in 2011 unless access to credit improves. IFA organized the Lending Summit in conjunction with the Consumer Bankers Association, CIT, the National Associa- tion of Government Guaranteed Lenders and the National Restaurant Association to address the projected decrease in lend- ing to franchise businesses and identify solutions going forward to spur economic growth and job creation. For more information on the Small
Business Lending Summit, please visit
www.franchise.org/smallbusinesslend- ingsummit.aspx.
WWW.PROFESSIONALWOMANMAG.COM
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