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Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Illinois Franchise Opportunities

Photo by Rezal Scharfe on Unsplash

Illinois is a noted bellwether of the United States—it’s been a predictor of trends, and is home to a diverse economy and peoples.

Why Illinois?

With the powerhouse of Chicago, strong agricultural business, tons of natural resources and positioned as a transportation hub, Illinois has many things working in its favor and would be a fantastic place to open a franchise.

Chicago Calling

Chicago is the heart of Illinois: home to nearly 2.7 million people (and 9.5 million in the metropolitan area), the busiest airport in the world and eight major sports franchises. There is opportunity here that rivals New York City, and you could easily make this the home of your franchise, as well.

If Chicago doesn’t appeal to you, consider looking at Aurora, Joliet, Rockford, Springfield or Peoria.

Taxes in the Land of Lincoln

Illinois has a 7 percent flat corporate income tax, along with flat rate personal income tax of 3.75 percent, a personal property replacement tax (2.5 percent for traditional corporations, 1.5 percent for others), and an annual franchise tax.

Illinois by the Numbers

  • There are 1.2 million small businesses in Illinois, which make up 98.3 percent of all employers.
  • Illinois has a GDP of $609.6 billion and an unemployment rate of 6.2 percent.
Oklahoma Franchise Opportunities

Oklahoma is a geographically diverse state that sits at the confluence of three geographic regions, giving it a unique culture and landscape that combines the Native American history with newer influences.

Washington, DC Franchise Opportunities

The nation’s capital and home to a proliferation of government activity, DC is a great place to take advantage of a fairly affluent population, great (and free!) museums, and a dazzling art scene. If you’re thinking about opening a franchise, Washington, DC might be the perfect place for you!

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!