IFA MEMBER EXECS ATTEND WHITE HOUSE ECONOMIC SUMMIT
FOR IMMEDIATE RELEASE
Contact:
Jenna Weisbord, 310-995-0839
[email protected]
@franchising411
(WASHINGTON, SEPT. 27) – The International Franchise Association (IFA) today announced that five member-brand CEOs attended the White House Economic Summit, a discussion between senior administration officials, Cabinet secretaries, and business leaders on the state of the American economy.
The event focused on the economic effects of the Administration’s regulatory actions and tax cuts. Panelists included Treasury Secretary Steve Mnuchin, Chairman of the Council of Economic Advisors Kevin Hassett, and Chairman of the National Economic Council Larry Kudlow.
“Franchise businesses have both contributed to and benefited from our nation’s recent economic growth. Across all business sectors and in every American community, locally-owned franchise small businesses are expanding, hiring, and training workers while reinvesting into their communities,” said IFA President and CEO Robert Cresanti. “IFA is pleased to be part of this event to share how tax cuts and deregulation have made it easier for small businesses to thrive.”
The following IFA members were in attendance:
- Jerry Crawford, President & CEO, JANI-KING
- Barb Moran Goodrich, Chairwoman, Co-Founder, and CEO, Moran Family of Brands
- Steve Hockett, CEO, Great Clips
- Jeff Huber, President & CEO, Home Instead Senior Care
- Mark Liston, President, Glass Doctor
In 2018, the number of locally-owned franchise establishments is projected to grow by 1.9 percent to 759,000, to employ 8.1 million workers. The gross domestic product of the sector is projected to increase by 6.1 percent to $451 billion, or about 3% of U.S. GDP.
Celebrating 56 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.