Officials say Yum Brands has partnered with the University of Louisville to launch a business program that will focus on franchise opportunities for minorities and women.
Louisville, Ky. – Yum Brands has partnered with the University of Louisville to launch a business program that will focus on franchise opportunities for underrepresented minorities and women, officials announced Wednesday.
The Yum Center for Global Franchise Excellence will create the first business program of its kind at a public university, a joint statement from the company and the school said. The statement said it would provide online education to current and potential franchisees and focus on recruiting underrepresented people to explore franchising.
The center is part of an initiative by Yum Brands to spend $ 100 million over five years to promote inclusion, education and entrepreneurship for employees and communities around the world.
“We believe that combining the resources and expertise of the University of Louisville with Yum Brands will create an unrivaled resource for world-class training in franchising that will help people everywhere, especially underrepresented people of color and women, Will succeed in owning and managing the franchise, said UOFL president Neely Bendapudi.
Officials said the Yum Center for Global Franchise Excellence will build the existing franchising education track within the College of Business at the University of Louisville.
“We hope the center will pave the way for economic opportunity and successful ownership for talented, underrepresented people, while bringing diverse voices and ideas to the wider franchising community,” said Scott Catlett, chief legal and franchise officer at Yum Brands.