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Connecticut Franchise Opportunities

Photo by Derek Story on Unsplash

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!

Where to Settle

If you plan on founding a franchise in Connecticut, consider living in Bridgeport, the most populous city with 144,000 residents; New Haven, the home of Yale University; Hartford, the capital of the state; or Stamford, which is considered part of the Greater New York metropolitan area.

Let’s Talk Taxes

If you want to start a franchise, Connecticut’s taxes would make it easier for you—the state doesn’t have any franchise or business privilege tax.

However, Connecticut does tax the net income of corporations at a flat rate of 7.5 percent, with a minimum tax of $250. Unless it’s a traditional corporation though, you don’t have to worry about that.

There is a personal income tax on a graduated scale of 3, 5 and 6.5 percent based on income that you will have to pay if the revenue from your franchise passes through you personally.

Business in The Nutmeg State

  • There are 332,000 small businesses in Connecticut, which make up 97.2 percent of all employers in the state.
  • Of those, 93,480 are women-owned, and 39,800 are minority-owned.
Utah Franchise Opportunities

Utah is on the rise—with the second fastest growing population, it’s been found one of the best places to live, with healthy people, a strong economy and a beautiful landscape. Come join the Mormon majority, make your home and start a business in Utah!

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.

New Mexico Franchise Opportunities

If you want a state that offers a multitude of incentives for opening a business, low income taxes and plenty of room to set up shop, New Mexico could be a stellar place for you to being a new adventure in franchising!