Georgia Set to Dominate Franchise Business Expansion in 2025

Georgia: A Franchise Hub in 2025

The International Franchise Association (IFA) recently unveiled its yearly assessment of the franchising landscape, revealing that Georgia is expected to position itself as the top state for franchise business expansion in 2025. This assertion is not merely forecasted; it is underpinned by solid data that highlights the robust economic activity anticipated in the state.

According to the report, Georgia is poised to welcome 2,152 new franchise businesses, which will result in the creation of 20,617 jobs. This significant upsurge is expected to contribute a whopping $37.4 billion to Georgia's economy. Factors driving this momentum include a favorable business environment, a growing population, and a strong demand for varied franchise services and products.

By 2025, the total number of franchise establishments in Georgia will reach 34,156, marking a growth rate of 6.7%. This translates to an impressive 361,287 direct jobs in the franchise sector. Such growth not only reflects individual business successes but also underlines the collective economic resilience of Georgia amid ongoing national shifts in commerce and employment.

Matt Haller, President and CEO of the IFA, expressed optimism about this growth, stating, "The resilience of the franchise business model has not only allowed the sector to weather the uncertainties faced in recent years but has also enabled it to thrive under challenging economic conditions. With our more business-friendly climate and positive regulatory frameworks, we anticipate a prosperous year ahead for those investing in franchises and expanding their brands."

The national outlook is equally optimistic, predicting an overall growth of 2.4% in the franchising sector across the United States. This growth is significantly higher than the expected 1.9% increase in the broader economy, demonstrating the franchise industry's pivotal role in driving job creation and economic expansion.

Across the nation, it is anticipated that franchising will add around 210,000 jobs, increasing the franchise workforce to over 9 million individuals. Additionally, the total franchise output is projected to exceed $936.4 billion in 2025, showcasing a healthy growth trend of 4.4% from the previous year.

Among various industry sectors, personal services and retail are predicted to be the fastest-growing, with increases of 4.3% and 3.5% respectively. With its favorable business conditions and a relatively low cost of living, Georgia's growth is expected to outpace many other states, setting the stage for a thriving franchise market in the Southeast.

The IFA’s report, meticulously compiled by FRANdata, provides an in-depth analysis of the franchise sector’s performance and future outlook, covering all 50 states and Washington, D.C. As the franchise industry continues to evolve, its contributions to job creation, economic stability, and individual entrepreneurship remain critical.

In conclusion, as Georgia prepares for a boom in franchise growth in 2025, both potential investors and job seekers can look forward to a year filled with opportunities and significant economic developments. The franchise business model stands as a beacon of resilience, promising a bright future in the Peach State.