Franchise businesses are poised for stronger growth in 2011, according to a report prepared for the International Franchise Association (IFA) Educational Foundation by PwC. As the economy recovers from the “Great Recession,” the 2011 Franchise Business Economic Outlook forecasts a rebound in the number of establishments, jobs and economic output in the franchise industry.
The report estimates that the number of franchise establishments will grow 2.5 percent in 2011 from 765,723 – an increase of 19,079 new establishments. This growth will create an estimated 194,000 new jobs.
“The forecast of stronger growth in 2011 for franchise businesses is good news for our country,” said IFA President and CEO Stephen J. Caldeira. “When franchise businesses are stronger, so is our economy as a whole.”