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2023 Economic Outlook Shows Franchise Job and Unit Growth Trends Ahead of Pre-Pandemic Levels

The International Franchise Association (IFA) today released its 2023 Franchising Economic Outlook report, showing that franchise unit and job growth continues to outpace pre-pandemic levels, delivering jobs and business ownership opportunities across the United States, despite economic uncertainty across all industries and in daily life. The report highlights the impacts of today’s unique economic challenges, which have affected system growth and led to an increase in wages, among other factors.

New International Franchise Association Report Shows Inflation is Negatively Impacting 90% of Franchised Businesses

The International Franchise Association (IFA) today released its first annual survey on the impacts of inflationary pressures on franchised businesses. The survey, conducted by FRANdata, revealed that inflation is having a moderate to significant impact on 90 percent of franchised businesses, but being part of a franchise system has helped these businesses navigate rising prices. The report shows that the lodging sector, quick-service restaurants, and child-related services are the most impacted by inflation.

New IFA, FRANdata Study Shows Impact of Labor Shortages on Franchising

The International Franchise Association (IFA) and FRANdata today released an inaugural annual study on the impact of labor shortages on franchised businesses. Surveying over 200 franchise executives representing 197 brands and approximately 90,000 units, the results show that availability of qualified labor is the number one challenge facing small businesses. The survey also presents the ways franchisors are helping their franchisees address the shortage, highlighting how the franchise business model is uniquely equipped to adapt to today’s challenges.

2022 Economic Forecast Shows Franchising Leads U.S. Recovery

The International Franchise Association (IFA) today released its 2022 Franchising Economic Outlook showing that franchising is leading the economic recovery in the United States. The report highlights exceptional 2021 job and business growth across all franchising sectors, ranging from personal services to lodging. The data indicates 2022 will be another strong year for job and wage growth in the dynamic, local-focused franchising industry.

International Franchise Association Elects Ten New Board Members

The International Franchise Association (IFA) today announced the election of ten new franchise professionals to serve on its Board of Directors. The new directors represent both franchisees and franchisors from a variety of industries and roles across the business model, adding a wealth of experience to the recently expanded IFA Board. The new directors will take their positions today, Feb. 1, 2022.