An employee takes an order at a Taco Bell Cantina in Brookline, Mass., on Dec. 4, 2020. Photo: John Tlumacki/The Boston Globe via Getty Images
Taco Bell is launching a training program to groom underrepresented employees to become franchisees, aiming to diversify the ownership of its 7,500 restaurants.
The big picture: The Yum Brands-owned fast-food chain is forming the Taco Bell Business School with a goal of boosting the “low percentage” of its franchised restaurants currently owned by people of color, Taco Bell CEO Mark King tells Axios.
- The six-week business boot camp, launched in partnership with the University of Louisville, will provide students with free classes on finance, marketing and HR.
By the numbers: People of color are better represented among the ownership ranks of franchises than general businesses.
Yes, but: One of the biggest barriers to franchise ownership is access to financing.
- King said Taco Bell is considering financial help for managers to become part-owners.