Restaurants are the cornerstone of every community – giving families, residents, and tourists a memorable place to gather and celebrate. Restaurants also provide jobs and build careers for tens of millions of people. The economic impact of the U.S. restaurant and foodservice industry is as follows:
From dishwasher to server, hourly employee to executive office, the restaurant industry offers lucrative long-term career opportunities for individuals of every skill level. The restaurant and foodservice industry is the second-largest private sector employer in the United States. One in two individuals have worked in the restaurant industry at some point in their life. One in three individuals found their first job within the industry. Millions of people continue to enjoy vibrant careers within this fast-growing profession. The following represents key employment and demographic data:
The restaurant and foodservice industry is one of the most diverse industries in America. It is the leader when it comes to providing entrepreneurial opportunities, offering training experience, and many pathways to success for men and women of all ethnicities and backgrounds. For example, the industry boasts more minority managers than any other industry. In addition, more than 80 percent of restaurant owners started in an entry-level position within the industry. The new restaurants these entrepreneurs open add to the vibrancy of communities and the U.S.’s small business sector – firms with less than 20 workers comprise 89.4 percent of the economy. In short, they are the small businesses that give our communities culture, character, and heart.
The professional skills gained while working in the restaurant industry are applicable to all careers. This is important to highlight, since the U.S. is projected to become a majority-minority nation for the first time in 2043. The following represents key minority ownership and growth opportunity data: