Kentucky Franchise Opportunities
Do you enjoy bluegrass music, horse racing, bourbon and college basketball? If so, Kentucky might be the best state for you to try your hand at a new business venture!
Established Industries
Like many states in the middle of the country, Kentucky has arable land that makes it ideal for farming. The first commercial vineyard was started in Kentucky, and today the state excels in horse, goat, beef and corn production.
Auto manufacturing is also a large part of the landscape, and Kentucky ranks 4th amongst the states in the number of automobiles assembled.
Fort Knox is also a major employer in the state, and recently opened the Army Human Resource Center for Excellence, which is the largest office building in the state.
Kentucky Living
When you decide a life of horse racing and fresh picked tobacco is for you, think about living in one of these Kentucky cities:
- Louisville: Home of the Kentucky Derby, Kentucky Fried Chicken and Louisville Slugger baseball bats, this city is the largest in the state with 756,000 inhabitants.
- Lexington: Known as the “Horse Capital of the World,” Lexington’s population has been growing steadily and has a strong economy based on manufacturing, government and technology jobs.
- Bowling Green: Forbes calls it one of the top 25 places to retire, as it’s packed with parks, museums and public spaces.
Let’s Talk Taxes
When tax season rolls around, if you have a business in Kentucky you might have to pay up for the state’s limited liability entity tax, the corporation income tax, and a personal income tax ranging from 2 to 6 percent.
Kentucky by the Numbers
- There are 339,703 small businesses in Kentucky, which make up 96.7 percent of all employers.
- Kentucky has a GDP of $154.2 billion, and coal makes up 17 percent of that.
Alabama Franchise Opportunities
While you might think of peanuts and cotton, the state of Alabama boasts a wide array of businesses and nearly five million residents. Major industries include agriculture, aerospace, mining and automobile manufacturing. The economy is comprised mainly of small businesses, and would be an excellent place to open your new franchise!
Indiana Franchise Opportunities
What once really was the “Land of the Indians,” Indiana is now home to nearly 6.6 million people, with the largest group of the population hailing from German lineage.
Vermont Franchise Opportunities
Known for its maple syrup and outdoor activities, Vermont is a paradise for tourists, as well as its 626,000 residents. If you want a snowy winter home and well-educated neighbors, consider starting your franchise in the Green Mountain State!
