The US Conference of Mayors held its first meeting in January to discuss the impact of franchises on economic growths, as reported by the IFA.


Recent data has shown that the franchising industry is ahead of many other sectors in terms of creating new businesses, new jobs, and more economic output, even in a recession. In fact, during the 2000 and 2001 economic downturn, franchise businesses grew 40% compared to the 26% growth for other business sectors, and jobs grew 12.5% compared to 3.5%.

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