SE Presents the National Franchise Award

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The Undersecretary of the Small and Medium-Sized Business, Miguel Marón headed the presentation of the National Franchise Award with the assurance that this year 152 million pesos would be given to support businesses, confirming the sector's maturity and leadership in the creation of more and better jobs.

The official said that in the five years of the program, the Secretariat of Economy has granted 699,838,000 pesos in support, a figure which will increase by 7.6%, to a total of 852 million pesos.

Mr. Marón Manzúr commented that in 2012 the budget of 152,709,612 pesos, will be assigned to 1,083 franchises, support the creation of 448 new ones, generate around 2,240 new sources of employment and preserve some 200 job positions in the sector.

The National Franchise Program has enabled the opening of 1,923 points of sale and accredited 435 business models, generating 14,042 jobs.

“We are convinced that investing in a franchise provides security and certainty because it deals with products and services which are tried and tested by the consumer," he said.

The National Franchise Program in numbers: 1) the sector reported an annual growth of 12%;2) generated 600,000 direct jobs; 3) represents 6% of the national GDP; 4) generates annual sales of more than 10 billion pesos; 5) investments of 240 million pesos are estimated for 2012; and 6) Mexico occupies fifth place in the world.