South Dakota Franchise Opportunities
If you long for a rural lifestyle, space to spread your wings and no taxes, South Dakota can certainly deliver. There are plenty of little towns you could easily excite by bringing in a new franchise!
Towns to Choose From
There are three fairly large cities in South Dakota, and lots of much smaller towns. Depending on the experience you’re looking for, consider some of these options:
- Pierre: The second smallest state capital in the country, Pierre is home to about 13,000 residents, one high school, a golf course and a dam.
- Sioux Falls: The largest city in the state, it is home to a handful of financial companies, hospitals and communications companies.
The service industry is the driving force behind South Dakota’s economy, with people working in finance, retail and health care industries. Government spending provides for about 10 percent of the state’s economy, as the air force base is the state’s second-largest employer.
Agriculture is also important for the state, with corn, cattle, wheat, soybeans and hogs. Tourism also plays a role, with people coming in to see Mount Rushmore, Deadwood and an annual motorcycle rally.
Yes, you read that correctly—South Dakota does not charge any taxes on businesses, and doesn’t have a personal income tax! This makes it a strong contender for where you should consider starting your franchise.
Business by the Numbers
- There are 81,000 small businesses in South Dakota, making up 96.5 percent of the state’s employers.
- Of those, 2,300 are franchises, which employ 27,400 people.
- South Dakota has a GDP of $45.4 billion.
Iowa Franchise Opportunities
Iowa sits smack dab in the middle of the American Heartland—flanked by the Mississippi River on the east and the Missouri River on the west, it is also the heart of the Corn Belt. Iowa’s agricultural economy has been diversifying, and now hosts industries such as manufacturing, biotechnology and green energy production.
Louisiana Franchise Opportunities
Down by the bayou, you’ll find one of the most interesting mixes of cultures the United States has to offer. With French, Spanish, Native American and African roots, Louisiana offers up a combination of foods, music and art that attracts many tourists and good business, making it a solid place to start a franchise.
Tennessee Franchise Opportunities
Birthplace to the blues and home to more than 6.5 million people, Tennessee attracts tourists from around the world, has a low cost of living and a booming economy. Consider making Tennessee your next home for a franchise!