Franchise owners and small businesses are the real owners of the American economyand offer the best solution to the world’s economic ills, Jim Amos, CEO of Tasti D-Lite and Planet Smoothie, told CNBC on Friday.
“Franchises and small businesses are the heroes of our economy,” Amos said.
The U.S. franchise industryconsists of more than 825,000 businesses that employ more than 9.1 million people.
The industry consists of 9 percent of the private output of the U.S. economy, according to reports from the International FranchiseAssociation.