| Minorities In Franchising |
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Minorities are some of the best entrepreneurs in North America!! Today they
account for a staggering percentage of our economy and the percentage continues
to grow everyday within the franchise community. But don’t just take our word
for it! Here’s some facts from the Census Bureau.
"Minority-owned businesses grew more than four times as fast as U.S. firms
overall between 1992 and 1997, increasing from 2.1 million to about 2.8 million
firms, according to a report by the Commerce Department's Census Bureau."
"Receipts of all minority-owned firms (excluding C corporations) rose 60
percent to $335.3 billion in 1997, compared with a 40 percent increase for all
U.S. firms over the same period."
In releasing the report, Under Secretary for Economic Affairs Kathleen B.
Cooper said, "We are pleased to report that this portrait of the American
economy shows rapidly expanding opportunities for minority entrepreneurs and a
more diverse universe of small businesses."
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