Franchises continued their remarkable rate of employment growth in June, according to the ADP National Franchise Report. Leading the way: auto parts dealers, which added more than 10,000 jobs last month.
Arby's, the Atlanta-based chain that is about to start a major remodeling program, took care of a key part of that effort: financing. The sandwich chain today announced an agreement with Element Financial Corp to make loans to franchisees to fund the remodels.
Genghis Grill staffers in Henderson, Nevada, were reeling after a tragedy at a Las Vegas Walmart June 8, and found a measure of piece this week by holding a fundraiser for shooting victim Joseph Wilcox.
The franchise sector is expected to grow at its fastest rate in five years, according to a pair of reports released today by the franchise information firm Frandata and IHS Global Insight. The primary reason: an improved lending environment.
Job growth may be frustratingly slow, but franchises are doing fine. The franchise sector added 22,020 jobs in May, according to the latest ADP National Franchise Report. The job growth was above the sector's 12-month growth rate.