IFA Urges Congress for Additional Support to Franchised Businesses

Franchise industry, franchisors, franchisees
Even though businesses are reopening across the country, they are still facing challenges including reduced capacity, and fewer customers. Last week, the bipartisan Problem Solvers Caucus, which consist of 25 Democrats and 25 Republicans, unveiled its “March To Common Ground” framework to help break the gridlock on the latest COVID-19 relief package and encourage negotiators to resume talks.
The package addresses key areas of need, including COVID-19 testing, unemployment insurance, direct stimulus, worker and liability protection, small business and non-profit support, food security, schools and child care, housing, election support, and state and local aid.
In light of the urgent needs facing millions of Americans, families, and small businesses, the framework is designed for a six-month horizon and through the next inauguration, except for state and local funding which extends for a full year.
Separately, the Government Accountability Office released a report warning of potential difficulties and delays for businesses trying to convert PPP loans into grants. The House Small Business Committee is expected to highlight concerns about the PPP loan forgiveness process in hearings Thursday and Friday.
As negotiations remain stalled, IFA encourages the franchise community to reach out to your elected officials through its grassroots campaign. Take action here.
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