Subscribe to Entrepreneur for $5
Subscribe

Franchises Provide Big Boost to Nation's Economy

<b></b>

Opinions expressed by Entrepreneur contributors are their own.

Washington, DC-Franchised generate jobs for more than 18 million Americans and account for 9.5 percent of the private-sector economic output, a study released by the Educational Foundation reported.

Conducted by , "The Economic Impact of Franchised Businesses" found that more than 760,000 franchised businesses generate a total economic output of more than $1.53 trillion, or nearly 10 percent of the U.S. private-sector .

The study describes the impact on the for two types of : -format and product-distribution. Business-format franchises operate in more than 75 industries such as restaurants, hotels, auto services, convenience stores and tax-preparation services. Examples of product-distribution franchises are gas stations, auto and truck dealers, and beverage bottlers and distributors. To read the report, visit www.franchise/org/edufound/profile/econo.asp. -International Franchising Association

Entrepreneur Editors' Picks