IFA Report Shows The Economic Impact Of Franchising

As part of its ongoing efforts to increase the public awareness of the economic impact of franchising, The International Franchise Association has released new statistics based on its report, The Economic Impact of Franchised Businesses, Vol. 3, and the 2007 Economic Census. The web site (available at IFA – Report) provides information regarding the number of jobs and franchise establishments in the U.S.  What I like about the report is that it contains detailed "impact" information for all 50 states and even for each of the 435 congressional districts.  For example, in Nevada the report (based on the 2007 data) shows that franchises accounted for 102,400 jobs, with an additional 85,000 jobs attributable to franchising.

Reports like these are important in helping Congressional leaders understand the importance of franchising to our national economy.  Our country's economy depends on small business, and franchises account for a significant portion of those businesses.  Small businesses will continue having a difficult time for so long as access to credit is limited.  Let's just hope our leaders are paying attention. 

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