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Massachusetts Franchise Opportunities

Photo by Lance Anderson on Unsplash

One of the most historical places in America, Massachusetts has seen the first colony of Plymouth, the Salem witch trials, the Boston Tea Party and is home to Harvard University—the oldest institution of higher learning in the United States. This little state has a lot of people, and is a solid option for where to start your next franchise.

Making a Home in Massachusetts

If you want to live in The Bay State, consider picking between the two major cities:

  • Boston: Two-thirds of the state’s population calls the greater Boston area home. It’s a significant place for American history, and home to many colleges and universities. Lots of companies have headquarters here, and the city has a large Jewish and LGBT communities.
  • Springfield: A bustling cultural and economic center of the Connecticut River Valley, Springfield has a growing multi-cultural market, with Latinos making up a third of the population.

Making Money in Massachusetts

The economy in Massachusetts is driven by health care, higher education, finance, biotechnology and tourism. The state’s agriculture produces cranberries, tobacco, livestock and tree nuts.

The state has been named one of the “Top State’s for Business” by CNBC.

Massachusetts has the third highest per capita personal income in the country, and also has the sixth largest number of millionaires per capita.

Taxes in MA

Massachusetts has a corporate excise tax, which is based on both income and net worth. The state’s personal income tax is a flat 5.15 percent.

Business Statistics

  • There are nearly 607,000 small businesses in Massachusetts, which make up 97.8 percent of employers in the state.
  • Massachusetts has a GDP of $351.5 billion, and has one of the fastest growing GDPs in the country.
New Hampshire Franchise Opportunities

Are you a pioneering person who wants to pay less (or no!) taxes, and abide by the state motto of “Live free or die”? Do you want to hike in the summer and ski in the winter? If you value freedom and the great outdoors, New Hampshire could be a fantastic location for your next franchise.

Michigan Franchise Opportunities

Home of the American automotive industry, Michigan is a state filled with the beauty of nature, lots of water sources, and more agriculture than you might think. With nearly 10 million residents, Michigan is a fantastic place to start a franchise, and will offer you plenty of opportunities to escape into the great outdoors.

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!