North Carolina Franchise Opportunities
North Carolina is state that’s really making moves. It has a burgeoning engineering and biotechnology scene, and is also home to two of the fastest growing counties in the country. More than just tobacco, North Carolina is a great place to establish a new business and call home.
Where to Live
North Carolina is beautiful. It stretches from the Atlantic Ocean through the Appalachian Mountains, and is filled with lovely scenery in between. If you’re looking to live here, consider:
- Charlotte: The largest city in the state, there are more than 2,500,000 people in the metropolitan area. This is a major financial center, and also home to many professional sports teams.
- Raleigh: This is the state capital and also part of the “Research Triangle,” called such because it’s home to many top-ranked universities.
- Durham: Also a part of the Research Triangle, Durham has Duke University and a strong cultural scene.
Major Industries
North Carolina has come a long way from when tobacco made up the bulk of its economy. Agriculture still plays a large part, with crops like sweet potatoes, soybeans, eggs, hogs, poultry, cattle, and yes—tobacco.
These days, there has been a surge of white-collar industries, such as finance, biotechnology and research and development. There are also a large number of film studios in North Carolina, and the state does still have a fair bit of manufacturing.
Let’s Get Down to Business
The state has been ranked one of the top states for business because of the quality of the workforce, the available technology and business-friendly nature.
North Carolina has a corporate income tax set at 6.9 percent, as well as a franchise tax. The personal income tax in the state ranges from 6 to 7.75 percent.
Tarheel State Statistics
- There are about 821,000 small businesses in North Carolina, making up 98.1 percent of all employers in the state.
- Of those, about 26,300 are franchises, which employ 296,000 people.
- North Carolina has a GDP of nearly $400 billion.
Wyoming Franchise Opportunities
Although Wyoming has the smallest population and almost the lowest population density, the federal government owns nearly half the land in the state because it’s filled with such magical displays of nature. Yellowstone, Grand Teton National Park, Devils Tower and many more could all be in your backyard if you decide to start your next franchise in Wyoming!
Nevada Franchise Opportunities
Does the lure of bright lights, gambling, gold and sin draw you in? Nevada is home to some of the most libertarian laws, allowing for the legalization of things like prostitution, as well as lenient marriage and divorce laws. If you want to live life on the wild side, Nevada might be a good place to open your franchise!
Connecticut Franchise Opportunities
This small, New England state has come a long way from its Dutch roots. Considered part of the Tri-State area with New York and New Jersey, Connecticut is a home to the financial services industry, including insurance companies and hedge funds. It’s no surprise the state has the highest per capita income and median household income in the U.S. If you’re looking to make some real profit, look no further than Connecticut!
