The number of franchise businesses owned by women and minorities has never been higher in the U.S.
That’s the big finding in a report commissioned by the International Franchise Association. The IFA published the results of the report, called the Minority and Gender Ownership Study. PricewaterhouseCoopers partnered with the IFA to produce the study, an analysis conducted of the 2012 Survey of Business Owners.Women and Minorities Franchise Owners Statistics
According to the study, 30.8 percent of franchise businesses in 2012 were owned by minorities. That represents a significant jump from five years before, in 2007. Back then, just 20.5 percent of franchise businesses were minority owned.
By comparison, just 18.8 percent of non-franchise businesses are owned by minorities.
“The franchise business model has solidified its place in our economy as a stable job producer and opportunity engine. Franchising is uniquely situated to create serious economic opportunity in local communities by generating employment and ownership opportunities for those who need them