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.
New Jersey may be small, but it’s crowded—it’s the most densely populated state and has nearly 9 million people. Check out these cities which each offer a different kind of Jersey experience:
- Newark: The largest city in New Jersey, Newark sits in close proximity to Manhattan, and offers a bevy of transportation options, including a very busy airport and port. Many companies are headquartered here, and there is a bustling community scene full of arts, sports and activities.
- Jersey City: Also part of the New York City metropolitan area, Jersey City offers lots of shopping opportunities, cheaper rent than living in NYC and a strong school system.
- Toms River: This city sits in the middle of the state on the waters edge, and offers a slight reprieve from big city life. That said, there’s still a strong community vibe, and it’s known for its Halloween parade, which is the second largest in the world.
New Jersey is quite an affluent place; it has the third-highest per capita income, and the second-largest number of millionaires per capita.
The state’s economy revolves around the pharmaceutical industry, finance, telecommunications, chemicals, shipping, printing, publishing and tourism. New Jersey also has a strong agricultural market, growing blueberries, cranberries, spinach, peaches, bell peppers and asparagus.
If you settle near the Jersey Shore, perhaps consider a gym (link) or tanning (link) franchise!
Taxes in The Garden State
The state has a corporation business tax that ranges from 6.5 to 9 percent, but does not impose a franchise or business privilege tax. There is also a state personal income tax of 1.4 to 8.97 percent.
Business by the Numbers
- New Jersey has nearly 800,000 small businesses, which account for 98.4 percent of all employers in the state.
- The state has a GDP of $560.6 billion, which is slightly larger than the GDP of Sweden.
- New Jersey is the only state where every county is considered a metropolitan area.
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.
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!
Maine Franchise Opportunities
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.