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Maine Franchise Opportunities

Photo by Mercedes Mehling on Unsplash

If you’re a fan of forests, find yourself salivating over seafood, and want some peace away from people, maybe Maine is the right state for you to settle down in and start a franchise. There are lots of smaller towns—such as Augusta, Portland and Bangor—that will provide enough customers to run a business, but without the overwhelming hustle and bustle of major metropolitan areas.

Economy: The Sea, The Land, The People

  • Water: Commercial fishing, especially of lobster and ground fish, are major economic drivers for the state. The aquifers in Maine also supply to the bottled water industry, and the ports in the state are the busiest in New England.
  • Land: Maine’s agricultural exports include blueberries, apples, potatoes, maple sugar, maple syrup, eggs and poultry. Maine also exports large amounts of paper, lumber and wood products, due to its heavy forestation.
  • People: Tourism plays a large part in Maine’s economy, and the state draws in people looking for sport hunting, fishing, snow sports, camping and hiking.

Taxes in The Pine Tree State

Maine has a corporate income tax, but does not have a franchise or business privilege tax, so unless you run a C corporation, you won’t have to pay a state tax on your income. If your business income passes through you personally, you will have to pay the state income tax that ranges from 6.5 to 7.95 percent.

State Statistics

  • Maine is the only state that borders one other state—New Hampshire.
  • More than 94 percent of the people in Maine are non-Hispanic whites, the highest of any state.
  • Maine has the highest percentage of French speakers, with 5.3 percent of households using it as their language at home.
  • This is the state that sits furthest northeast, and gets the first rays of morning sun.

Business Breakdown

  • There are 143,142 small businesses in Maine, which constitute 97 percent of all employers.
  • Maine has a GDP of $48.1 billion, and an unemployment rate of 6.7 percent.
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!

Mississippi Franchise Opportunities

The land of catfish, blues music and cotton, Mississippi is rich in cultural heritage. There is plenty of opportunity to come in and make positive change in this state, and it could benefit from the right kinds of franchises.

Pennsylvania Franchise Opportunities

One of the 13 original states and chock full of history, Pennsylvania has a diverse population of nearly 13 million people and one of the largest economies in the nation. This is an ideal place to begin a new life and a new franchise!