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Missouri Franchise Opportunities

Photo by Brittney Butler on Unsplash

With three great rivers running through it, a diversity of geography, and an actively growing economy, Missouri is a prime place for new franchise growth.

Settling Down in the Show-Me-State

Want to move and start a franchise in Missouri? Take these cities into consideration:

  • St. Louis: Sitting along the Mississippi River, the St. Louis metropolitan area is home to more than 2 million people, and is a large center of manufacturing, trade, transportation and tourism. It’s the home to several major corporations and three professional sports teams.
  • Kansas City: The largest city in Missouri with about 464,000 people, Kansas City is known for its jazz and blues music and barbeque scene. It also holds the headquarters for many major companies, and a large branch of the IRS.
  • Springfield: The birthplace of Route 66, Springfield has several large universities and a bustling downtown area.

Money Makers in Missouri

Major industries that make up Missouri’s economy include manufacturing, chemicals, aerospace, transportation, printing and food processing.

Agriculture is also a major player, producing large amounts of rice, soybeans, beef, pork, hay, corn and cotton.

Beer and wine are also a large part of the economy in the state. Missouri has always had some of the most lax laws surrounding alcohol, making it a prime place for production. The state also has the lowest cigarette excise taxes in the country.

Taxes and Business Statistics

  • Missouri has a corporate income tax of 6.25 percent and a corporate franchise tax based on the business’s net worth.
  • The state personal income tax ranges from 1.5 to 6 percent.
  • There are 505,207 small businesses in Missouri, making up 97.6 percent of all employers.
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!

Rhode Island Franchise Opportunities

If you’re interested in healthcare and senior care (link), or want to live in the smallest state with the longest name, Rhode Island—technically, State of Rhode Island and Providence Plantations—might be a place to consider for your next franchising opportunity.

New Jersey Franchise Opportunities

You can strut your stuff at the Jersey Shore, go gambling in Atlantic City, hike in the forests, or live in Jersey City and commute into New York. New Jersey offers a wide variety of opportunities and lifestyles, and there’s sure to be a place or industry in the state that suits you.