Franchising Information Web Site Seeing Huge Growth In The Industry

PR Web:

My Franchise Center, a Web site dedicated to assisting people who are interested in franchise opportunities, has seen a steady increase in visitors looking for information. This is no fluke, as a recent study for the International Franchise Association Educational Foundation shows. The franchising industry grew by more than 18% between 2001 and 2005, according to the results of the study.

Franchise opportunities brought more than 140,000 new businesses to the economy and provided approximately 1.2 million new jobs, according to the economic impact study that was just released. The economic output of franchises grew by more than 40% in 2005, as well, which resulted in a total output of $880 billion that year. Franchising has grown faster than other sectors of the economy in regards to growth of jobs, payroll and output.

The team at My Franchise Center knows that franchise opportunities can provide great financial benefits to entrepreneurs and the corporate entities that grow as a result. The jobs that a franchise can provide are also a boost to the local and national economy. There are currently more than 900,000 franchises in the country in many lines of business. These include fast and full service restaurants, retail food, automotive, lodging, real estate, residential & commercial services, retail products & services, business services and personal services.