A new report has found that more professionals with business experience on their resumes will look for franchise opportunities in the new year.
According to the International Franchise Business (IFB) Economic Outlook, franchise business jobs are expected to grow by 2.1% during 2012, which is an increase of approximately 168,000 openings.
Stephen J. Caldeira, IFB president and chief executive officer, said the projected growth is good news for those seeking out business ventures, as the industry is expected to make modest gains in both employment and economic output.
Pro-growth policies out of Washington, D.C. to provide certainty to the franchise industry, such as comprehensive tax reform that lowers the corporate and individual tax rates, as well as increasing the flow of credit to small businesses by the lending community, will help to get us on a more aggressive path of growth and job creation, Caldeira stressed.
The report found that the number of franchise establishments will increase by more than 12,000 during 2012.
The Bureau of Labor Statistics reports that approximately 2.5 million jobs were created by new businesses in the U.S. during 2011.