The NMFI evaluated hundreds of franchisors to determine the top companies. Rankings were based on a variety of data, including the number of operating units owned by minorities as well as the number of minorities in senior management earning more than $60,000 a year. Coverall logged an 86% minority participation rate.
The "Top 50" list, which appeared in the Oct. 12, 2012, issue of USA Today in the Franchising Today section, acknowledges franchisors who demonstrate a commitment to the recruitment, inclusion and on-going support of minorities.
"The steady increase in minority representation in franchising over the past several years is encouraging," said Rob Bond, founder of NMFI and president of the World Franchising Network. "It is evidence of minorities' intrinsic values and work ethic. In addition, franchisors continue to make a concerted effort to reach out to minorities, which is ultimately highly beneficial in the long run to all parties involved."
The National Minority Franchising Initiative (NMFI) was a program launched by World Franchising Network (WFN) in 2000 to level the playing field and meet the needs of a largely under-represented market.
Coverall is in its 27th year of operation and has a network of more than 9,000 franchise owners serving over 50,000 customers worldwide. In addition to its continued recognition as a top company for minority franchise owners, Coverall repeatedly has been identified as one of the top franchises for veterans and as a top franchise in the global arena.
"We are honored to once again be recognized as a leading franchisor for minorities," said Jim Congrove, Coverall's Chief Operating Officer. "We fully support a diverse group of Franchise Owners through extensive education and training, and we are committed to helping all of our entrepreneurs reach their business goals."
Contact Coverall for information about franchise opportunities.