If you like the idea of small town living, and want a close-knit community you can bring a new franchise to, Nebraska might suit you just fine.
Little Cities, Big Opportunities
Almost 90 percent of the cities in Nebraska have less than 3,000 people living in them, with many towns clocking in at less than 1,000 people. The two big cities in Nebraska are Omaha, the state capital with about 434,000 people, and Lincoln, which has about 268,000 residents. There are definite benefits to living in small towns—everyone will certainly be excited about a new store opening up!
The main industry in Nebraska is agriculture. The state is a major producer of corn, soybeans, sorghum, beef and pork.
Other economic drivers include transportation, telecommunications, insurance and manufacturing.
Let’s Talk Taxes
Nebraska has a corporate income tax that varies depending on income, as well as a franchise tax the state calls the “corporate occupation tax.” The state personal income tax is ranges from 2.46 to 6.84 percent. There are also state and city sales taxes, which vary depending on location.
Business by the Numbers
There are nearly 160,000 small businesses in Nebraska, and more than a quarter of them are women-owned.
Nebraska has a GDP of $80 billion that has been climbing steadily for the past three years.
Unemployment in the state is 2.9 percent, one of the lowest in the country.