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.
Texas Franchise Opportunities
Everything may be bigger in Texas, but it ranks second in many things: population, size of the state and GDP. Still, that’s enough to make it one of the biggest, most productive states out there, with enough barbecue, chili and cowboys for all.
Vermont Franchise Opportunities
Known for its maple syrup and outdoor activities, Vermont is a paradise for tourists, as well as its 626,000 residents. If you want a snowy winter home and well-educated neighbors, consider starting your franchise in the Green Mountain State!
Colorado Franchise Opportunities
With plenty of space for outdoors adventures, Colorado is a state for those looking to start a franchise in a cultural hot spot with surrounded by expansive wilderness. The economy is booming in this Four-Corner state, and it has been consistently referred to as a top state to do business.