Report: Florida reamains a top state for franchisors and franchisees

Florida is a fine state for franchisors and franchisees.

Franchise-based businesses in the state rank No. 2 nationally in economic output growth, at 5.3%, behind only Texas, at  7.1%, according to new report from the International Franchise Association. Florida’s franchisee business produced an economic output of $63.5 billion in fiscal 2020, up from $60.2 billion in 2019. Texas-based franchises had an output of $74.6 billion, with a growth rate of 7.1%.