What Will The Healthy Families Act Mean For Your Franchised Biz?
As the federal government addresses the economic challenges facing the United States, this spring the International Franchise Association is working to encourage lawmakers to look to franchised-small businesses to help lead the economy out of recession. Franchised businesses represent more than 900,000 firms that provide jobs for more than 21 million Americans and generate in excess of $2.3 trillion in economic output annually.
To succeed, franchising is going to need some help from the federal government to unfreeze the credit markets and make capital more accessible. While IFA will remain pro-active in working with lawmakers from both sides of the aisle on solutions to the economy, we must also remain vigilant to protect franchised businesses and the millions of people they employ from federal mandates that will add to the cost of doing business.
There is one piece of legislation that is dangerous to the competitiveness of all businesses, but especially to the economic vitality of franchising. That legislation is called the “Healthy Families Act,” whose lead supporters are U.S. Sen. Edward Kennedy (D-Mass.) and U.S. Rep. Rosa DeLauro (D-Conn).
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