The University of Louisville partners with Yum! Marques to create a unique education and research center to increase business franchise opportunities for women and minorities.
The Yum! The Center for Global Franchise Excellence will present the first commercial program of its kind at a public university to provide existing and potential franchisees with multiple levels of online training focused on the franchise model in all industries. It will also focus on recruiting and educating underrepresented women and people of color on franchising as a path to entrepreneurship.
“We believe that combining the resources and expertise of the University of Louisville with Yum! The brands will create an unparalleled resource for world-class franchise training that will help people everywhere, especially people of color and under-represented women, succeed in franchise ownership and management, ”said Neeli Bendapudi, president of the UofL. “We are excited about the new center because it aligns with UofL’s commitment to empowering our communities and supports our vision of becoming the country’s premier metropolitan anti-racist research university. “
The creation and funding of the Center is part of Yum! Brands’ global Unlocking Opportunity initiative, in which the company has committed $ 100 million over five years to promote equity and inclusion, education and entrepreneurship for employees, frontline catering teams and communities around the world.
“We are proud to partner with the University of Louisville to develop a sustainable and globally scalable program that democratizes exposure and strengthens franchise industry knowledge for all,” said Scott Catlett, legal and franchise director for Yum! Brands. “Our hope is that the Center will pave the way for economic opportunity and successful ownership for talented and under-represented individuals while bringing diverse voices and ideas to the broader franchising community. “
In addition, to improve equity for people of color and under-represented women, the Center:
–Actively recruit diverse students into its undergraduate, graduate and executive level programs offered by the College of Business at UofL.
– Conduct research to develop new knowledge about franchise ownership, including case studies, white papers and other work to better understand the reasons for declining ownership by people of color and women under -represented.
–Create regular podcasts and a practitioner-focused journal to share franchise education and news with franchise owners and managers.
Yum! Brands, Inc., based in Louisville, has more than 50,000 restaurants in more than 150 countries and territories and more than 2,000 franchisees around the world. Its brands include KFC, Pizza Hut, and Taco Bell.