Bill > SR312

This resolution recognizes and commends the International Franchise Association (IFA), a leading advocacy organization for franchising businesses in the United States. The resolution highlights the significant economic impact of franchising, noting that nationwide franchises support 8.8 million jobs and generate $896 billion in economic output, representing nearly 3% of the U.S. Gross Domestic Product. Specifically for Georgia, the resolution points out that the state has over 32,000 franchise establishments employing more than 340,600 people and contributing $34.6 billion in annual economic activity. The resolution emphasizes the franchise business model's unique benefits, including providing entrepreneurial opportunities for traditionally underrepresented groups like veterans, minorities, and women, and operating across more than 300 industry sectors. It also notes that Georgia was recently named the top state for franchise growth and is home to several well-known franchise brands such as Chick-fil-A and Waffle House. The resolution formally commends the IFA for its contributions to economic growth, small business development, and entrepreneurial opportunity, and directs the Senate Secretary to distribute an official copy of the resolution to the organization.

https://www.legis.ga.gov/legislation/71027