As Congress finally wrapped its back-and-forth debate last week about how long to extend the payr

As Congress finally wrapped its back-and-forth debate last week about how long to extend the payroll tax holiday (ultimately agreeing to a short, two-month extension with a promise to re-visit the issue in a conference committee in January, IFA President & CEO Steve Caldeira joined FOX News America Live Dec. 23 to discuss the outlook for franchise businesses in 2012. “Franchising remains a bright light in a still challenging public policy environment, but we are still nowhere near the growth rates experienced before the election” Caldeira said. 


Franchises are projected to add 168,000 new jobs and 14,000 new establishments in 2012 according to IFA’s 2012 Economic Outlook for Franchised Businesses prepared by IHS Global Insight, Caldeira told FOX’s Heather Childers. Yet they still face a host of other issues that are keeping growth rates below pre-recession levels, including the health care law’s employer mandate, uncertainty about tax rates and the continued difficulty accessing credit.


“The health care law continues to loom as a disincentive to job creation, particularly for multi-unit operators due to the employer mandate and 50 employee threshold for paying a penalty,” he told FOX’s Heather Childers. “Franchise small businesses need comprehensive tax reform that lowers the corporate and individual rates and provide certainty beyond 2012,” Caldeira said. 


Posted by Matt Haller, IFA Sr. Director of Communications

IFA leadership on small business access to capital continues

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As noted in today’s POLITICO Morning Money newsletter, IFA continues to expand its “Small Business Access to Capital Coalition.

Following the POLITICO oped last week from IFA President & CEO Steve Caldeira, Financial Services Roundtable President & CEO Steve Bartlett, Consumer Bankers Association President Richard Hunt and National Association of Government Guaranteed Lenders President & CEO Tony Wilkinson, IFA today delivered a letter signed by 21 trade groups representing small business, retail and banking groups asking Congress:

“for an increase in SBA funding for FY 2012 above FY 2011 levels; funds to extend the loan guarantees for SBA’s 7a; and funds to extend fee waivers for the 7a and 504 programs.”

Here’s a link to the letter. 

For more on IFA’s effort to boost capital access for franchise businesses, check out www.smallbusinesslendinghub.com or www.franchise.org/creditaccess.aspx.

Posted by Matt Haller, IFA Sr. Director of Communications

  For the franchise industry, access to capital continues to be t

 

For the franchise industry, access to capital continues to be the number one challenge facing our ability to grow and create jobs. While the franchise industry is forecast to grow 2.5 percent in terms of jobs and new establishments in 2011, a host of factors are holding back the ability for franchise businesses to truly accelerate job growth to their full potential.

In the video above, The Wall Street Journal’s Sarah Needleman discusses her story today about the owners of many small businesses who say access to credit, economic uncertainty and inflationary pressures have led them to delay hiring and capital expenditures.