Rhode Island budget cutters reminded of franchising's importance

04/9/2008 | TradingMarkets.com

Many states are cutting education, health care and state parks funding, and lawmakers are eliminating tax credits that benefit businesses because of budget deficits. Rhode Island is one of the states anticipating a deficit, but franchises are one of the key areas for job growth, according to the International Franchise Association, which earlier this month rallied the state's business community to support pro-franchising legislation. Rhode Island had 3,077 franchises that employed 35,860 people in 2005.

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