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

Indiana Franchise Opportunities

Photo by Jon Goldstein on Unsplash

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.

Indiana Industries

The bulk of the economy in Indiana is composed of manufacturing. Steel is a major export, as well as rubber, chemicals, petroleum, automobiles and coal.

The pharmaceutical industry is also a main player in the state, and has the second highest rate of biopharmaceutical jobs in the country.

Indiana is also a part of the Corn Belt and the Grain Belt, and also grows significant amounts of soybeans.

In the State of Indiana

If you’re considering starting a franchise in Indiana, think about moving to:

  • Indianapolis: The state capital with a population of 820,000, Indianapolis has become famous for sporting events (such as the Indianapolis 500), and Forbes ranks it as one of the best downtowns in the United States.
  • Fort Wayne: Located close to the Ohio border, Fort Wayne is home to 615,000 people and is northeastern Indiana’s cultural center.
  • Evansville: This city is considered the center of the commercial, medical and cultural happenings for the tri-state (Illinois, Indiana, Kentucky) area, and has a population of 358,000.

Let’s Talk Taxes

Although Indiana has a corporate tax rate set at a flat 8 percent, there is no franchise tax you will have to pay. In addition, the personal income tax is a low and flat 3.4 percent, making Indiana a cheap place to open your franchise.

By the Numbers

  • Indiana has 488,147 small businesses, making up 97.4 percent of all businesses in the state.
  • The GDP in Indiana is $246.4 billion, in which manufacturing made up almost a third.
West Virginia Franchise Opportunities

Located in the heart of Appalachia, West Virginia is renowned for its rolling hills and beautiful foliage. A center for coal mining and logging, it also has a bevy of recreational activities and some of the most extensive cave systems in the country. If you want to start a franchise in a place with beautiful scenery and an interesting political background, check out the Mountain State of West Virginia!

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!

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.