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Mississippi Franchise Opportunities

Photo by andrew welch on Unsplash

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.

Major Markets

If you want to settle down in The Magnolia State, consider living in Jackson, the state capital and largest city in the state. Other smaller cities to consider include Gulfport, Hattiesburg, Biloxi and Vicksburg.

A State in Need

Mississippi could use some help—it ranks last in health care, and also has the lowest per capita income. It’s suffered from repeated natural disasters, and has a history pocked by slavery and the Civil War.

This means that the right franchises could really stand to make a difference in the communities of Mississippi that need the most help. Consider starting a home services (link) or healthcare and senior (link) franchise here.

Taxes and Business

If you start a business in Mississippi, you will be looking at a corporate income tax ranging from 3 to 5 percent, a corporate franchise tax, and potentially the personal income tax from 3 to 5 percent.

Mississippi has about 240,000 small businesses, which make up 96.5 percent of all employers in the state. The unemployment rate is currently 7.2 percent, and the state has a GDP of $88.5 billion.

Hawaii Franchise Opportunities

If you’ve ever dreamed of living on a tropical island, surrounded by beaches, surfing, lush vegetation, Hawaii might be an ideal place for you to open a franchise. Imagine running your own business and staring out into the Pacific Ocean with a drink in hand!

Maryland Franchise Opportunities

Maryland might be small (only slightly larger than Hawaii), but it’s mighty—the wealthiest state in the nation with the highest median household income and the most millionaires per capita. Maryland takes advantage of its close proximity to Washington, DC, and is home to many companies in the defense, aerospace, biotechnology and governmental fields.

Ohio Franchise Opportunities

It’s consistently been ranked one of the best states for business, is a bellwether state for politics and is conveniently located between two of the major regions of the country. Ohio would be a superb choice for a place to live and start a franchise!