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New York Franchise Opportunities

Photo by Luca Bravo on Unsplash

Although it may seem like New York is the land of major retailers, small business is booming in the Empire State—there are more than 2 million small businesses in New York. These are located in every region, city and neighborhood of the state, making New York a fantastic place to start your franchise.

Lax Taxes

One of the best reasons to open a franchise in New York is the taxes. Governor Andrew Cuomo passed legislation to give small business owners access to capital and credit to help create jobs.

He is also trying to cut the tax rate for small business from the modest 6.5 percent it currently is to 2.5 percent, which would make it the lowest small business tax paid since the tax was imposed in 1917.

The state of New York is always trying to find ways to save small business from unnecessary taxes, including recently eliminating the MTA payroll tax for most small businesses.

More than the Big Apple

Though New York City is certainly a hot spot for many industries, the state of New York has many other places where business thrives. Consider starting your franchise in one of the following locations:

  • Buffalo: The second-biggest city in the state of New York, Buffalo boasts more than 260,000 people and a thriving economy.
  • Albany: The state capital with a population of roughly 100,000, Albany sports many tech companies and is a center for the state government.
  • Rochester: Clocking in at more than 210,000 residents, Rochester is a bustling city in Western New York that is home to many acclaimed universities and companies.

High-Tech Hotspot

New York is one of the top four states in the U.S. with “Nano Metro” clusters—locations with the nation’s largest concentration of nanotechnology companies, research laboratories, universities and organizations. If you’re interested in technology, New York should be a top pick for you.

New York by the Numbers

  • Small businesses make up 99 percent of all New York businesses.
  • There are 537,838 minority-owned businesses and 594,492 women-owned businesses in New York, many of them small businesses.
  • U.S. Chamber of Commerce ranked New York as one of the top 10 states for business.
Alaska Franchise Opportunities

Alaska sits high above the rest of the continental United States, home to 735,000 souls brave enough to take on the long winters and harsh conditions. If you’re tough enough to live in “The Last Frontier,” you will be rewarded with some of the lowest taxes in the country!

Montana Franchise Opportunities

If you long for the great outdoors and want to live in a lot of space without a lot of people, consider moving to Montana, where some of the most beautiful natural spaces are national parks, and there won’t be much to block your view of the mountains.

North Dakota Franchise Opportunities

North Dakota is booming—it has the lowest unemployment rate, the fastest growing GDP and has the largest percent increase in population in the past five years. A new kind of gold rush has brought this all about, and if you’re willing to cater to the oil field workers, you too can cash in on the opportunities abounding in this northern state.