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The restaurant industry in the United States is large and quickly growing, with 10 million workers. 1 in every 12 U.S. residents work in the business, and during the 2008 recession, the industry was an anomaly in that it continued to grow. Restaurants are known for having low wages, which they claim are due to thin profit margins of 4-5%.
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
In Delaware and Massachusetts, one in ten workers is employed in the restaurant industry. [6] [7] In North Carolina, 11% of workers are employed by the industry. [8] In Texas, 12% of workers were employed by the industry as of 2016. [9] The effect of the 2020 coronavirus epidemic was in March 2020 projected to be $225 billion in losses. [10]
Signs on a Thai Restaurant in Crofton MD. In a February 28 story about how restaurants could prepare for the possibility of a pandemic, Restaurant Business quoted Roslyn Stone, COO of a firm that provides crisis response for restaurants, who emphasized the necessity for restaurants to provide employees with time off for illness. [14]
Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
Bloomin' Brands has a political action committee called the Bloomin' Brands, Inc. Political Action Committee which gives overwhelmingly (75-95% of the time) to conservative and Republican and occasionally Democratic candidates, [11] typically those on Congressional committees overseeing its business sector. [12]