Quantcast

Detroit City Wire

Wednesday, November 6, 2024

Chamber participates in International Franchise Association roundtable

Webp 6jmigemsyii3ezjcrkhyxykiuvxg

Sandy K. Baruah President and Chief Executive Officer at Detroit Regional Chamber | Official website

Sandy K. Baruah President and Chief Executive Officer at Detroit Regional Chamber | Official website

On July 19, Brad Williams, the Detroit Regional Chamber’s Vice President of Government Relations, participated in a roundtable discussion hosted by the International Franchise Association (IFA). The discussion focused on the benefits of franchising in a local economy.

In Michigan, there are over 23,000 local franchise businesses that generate nearly $25 billion in economic output and provide over 250,000 jobs. In Detroit alone, there are 5,400 franchise locations creating 58,000 jobs and contributing $5.7 billion to the economy.

“Franchises offer a proven path to entrepreneurship, providing aspiring business owners with a strong foundation, established brand recognition, and operational support,” said Williams. “This can significantly increase the chances of success for those looking to start their own small business.”

Williams was joined by several franchisee owners from Goldfish Swim School, Great Clips, ACE Handyman Services, Tropical Smoothie, and Wendy’s. These business leaders highlighted the franchise model’s ability to create economic opportunities and job growth within communities. They emphasized that franchises offer pathways to ownership and foster a skilled workforce essential for building resilient local economies.

U.S. Representatives Haley Stevens (D-MI 11) and Tim Walberg (R-MI 5) also participated in the discussion. They underscored the importance of franchising as a driver of economic growth and job creation.

“Franchising allows opportunities for people to do what America has always said we want people to do: to have the benefit of the American Dream,” Walberg stated.

Michigan hosts a thriving franchise ecosystem with renowned brands like Little Caesars, Goldfish Swim School, and Biggby Coffee. The state’s favorable business climate and abundant talent pool have contributed significantly to its success as a franchise hub.

“This area has been home to franchisees since the beginning,” Williams noted. “In Michigan, it’s not just about the big guys making the franchise; it’s about the franchisees that are able to generate generational wealth. Franchising empowers individuals to build successful businesses, creating a ripple effect of prosperity throughout our communities.”

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS