The coming year isn’t likely to be a home run for franchise growth, but it won’t be a no-hitter either.
The number of franchise establishments in the U.S. is expected to rise by a modest 1.4 percent to 757,055 in 2013, according to a report released yesterday by the International Franchise Association (IFA). The industry grew by 1.5 percent in 2012.
Uncertainty about the economy and fiscal issues are expected to weigh on the franchise sector in 2013, but it is still expected to outpace other industries in terms of growth, according to the report.
The franchise industry is expected to add 162,000 jobs in 2013. That’s a 2 percent increase from 2012 bringing the total to an anticipated 8.26 million jobs. According to their findings, the IFA said industry growth estimates would be greater if there were more clarity about the future of the economy, taxes and how the new health care legislation will be implemented.
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