October 03, 2008 // Franchising.com // Washington, — Members of the International Franchise Association (IFA) continue their calls today for the House of Representatives to pass the financial market rescue plan scheduled for a vote tomorrow.
"We aggressively continue our efforts to let Congress know of the thousands of examples of how the credit crunch is impacting Main Street businesses," said IFA President & CEO Matthew Shay. "Passage of the bill in the House will send a positive signal to the financial markets and hopefully free up much needed credit for franchised business to expand. We cannot stress enough the importance of this vote."
Shay said that the 900,000 franchised businesses in the U.S. provide for 20 million jobs and contribute $2.3 trillion to the private sector economy.
"We are hopeful for a positive outcome tomorrow," said Shay. "We hope members of Congress are listening to the thousands of small businesses who are making calls and sending emails. A lot is at stake."
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.