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Franchises significantly contribute to the economy, with projections indicating they would bring in $826.6 billion in 2022, marking an increase from previous years and reflecting the continued popularity and patronage of franchises.
The franchise industry is a major employer, estimated to add 257,000 jobs, reaching a total of 8.5 million U.S. workers, highlighting the sector's capacity to generate employment and provide excellent pay and benefits.
Franchises in the U.S. are projected to expand by 2.2% in 2022, adding 17,000 more establishments and reaching a total of 792,014. This growth demonstrates the robustness and scalability of the franchising model, contributing significantly to the diversification and resilience of the U.S. economy.
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