Franchises Expected To Add 12% More Units, 220,000 More Jobs This Year

Demand for franchise units is expected to increase by more than 12 percent in 2014, the highest rate of increase since 2009, according to a new FranDATA analysis. And the International Franchise Association Business Outlook predicts that the franchise sector will lead the nation’s economic rebound by creating an estimated 220,000 jobs this year.

“With seven out of 10 franchise business lines adding jobs faster than the private sector at-large, the franchise business model continues to provide jobs and entrepreneurship opportunities for workers and entrepreneurs in sectors as diverse as hotels, auto, business and personal services and restaurants,” said Steve Caldeira, IFA president & CEO.  “One reason for this success is that credit is steadily becoming more available for franchise expansion.”

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