Given the reputation of franchising for triggering economic growth at times of severe economic downturns, many are now looking at the franchising community for the signs of growth that might lead us out of this recession.
So it’s encouraging to note that the US Conference of Mayor’s newly-formed Franchising and Small Business in Cities (FSBC) task force recently held its first gathering in Washington during the Conference’s Winter Meeting.
Douglas Palmer, the mayor of Trenton, New Jersey, who was head of the task force, wrote "My goal is to help us mayors better understand the franchise business world and what it takes to get them started in our communities."
Matthew Shay, the president and CEO of the IFA welcomed the move. "Data show that the franchising industry outpaces many other sectors in terms of creating new business, new jobs and more economic output, even during tough economic times."
The FSBC will re-assemble at the IFA annual convention in San Diego in mid-February.
It’s important to see the mayors of our cities taking the importance of franchising into account. But don’t be complacent: be sure to stay in contact with your elected representatives to keep the rights of franchisors on the top of their agenda.