:: LOCAL INVESTMENTS
Why this Initiative? Small Business Drives Economic Growth:
According to JPMorgan Chase & Co small businesses account for 45% of our economy, 48% of all employees work for small businesses, and small businesses accounted for over half of the job creation in 2014. 88% of employer firms have fewer than 20 employees. Bottom line we want this kind of growth in our region. While we at the EDC are constantly working to draw large businesses into our region, ignoring this sector of business growth would be like ignoring 50% of our potential growth. What is more, our homegrown businesses become very loyal local employers, rooted in our region. MAEDC sees this as a great win for our region’s economy.
What does our Franchise Initiative Look like?
We will be posting opportunities here that have been preliminarily vetted. We will be hosting educational events that will talk about the pros and cons of setting up your own franchise. We also can provide support to coach you through the process.
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