IFA Applauds the Introduction of the Back to Work Bonus Act
(WASHINGTON, APRIL 28) – The International Franchise Association (IFA) released the following statement today supporting the introduction of the Back to Work Bonus Act in the Senate.
“IFA strongly supports the Back to Work Bonus Act and applauds Senators Mike Crapo (R-ID), Jim Risch (R-ID), and Tommy Tuberville (R-AL) for its introduction in the Senate, as well as Rep. Kevin Brady (R-TX-8) and others for its earlier version in the House of Representatives," said Matt Haller, IFA Senior Vice President of Government Relations and Public Affairs.
“Franchises of restaurants, hotels, salons, gyms, commercial and residential services, and health care are increasingly facing labor shortages as the economy reopens and demand for their products and services return. According to a recent IFA survey, more than 60 percent of franchise brands and local owners cannot find the labor to meet current demand despite offering increased wages and hiring incentives. Franchise small businesses will create nearly 800,000 jobs this year, but only if policies are in place to help both business owners and employees get back to work. The Back to Work Bonus Act will help make those forecasts a reality, aiding IFA members in providing dignified, meaningful, and safe jobs for anyone who feels comfortable and ready to re-enter the workforce.”
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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.