Economically, Franchising is a Big Deal

The International Franchise Association commissioned a study entitled "Economic Impact of Franchised Businesses" that provides a powerful testimony to the importance of franchising in the U.S. economy. Some particularly compelling numbers from the second page of Part II of the study: in the year 2001, 767,483 franchised establishments provided 9,797,117 jobs, generated $229.1 billion in payroll and $624.6 billion in output. "Hence, franchised businesses accounted for 7.4 percent of all private-sector jobs, 5.0 percent of all private sector payrolls, and 3.9 percent of all private-sector output."