“FMI congratulates all those who worked so hard to pass the financial rescue package today and the President who signed it so quickly. This was absolutely necessary to prevent our financial institutions from grinding to a halt. Every business, large and small, in communities all across America were seeing lines of credit dry up and their costs of borrowing begin to spiral out of control. These businesses and the consumers they serve can breathe a welcome sigh of relief thanks to this big step toward restoring confidence in our financial institutions.”
Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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