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.
Oregon Franchise Opportunities
A green state in every sense of the word, more than 80 percent of Oregon is forests. This state will delight you with its mountains, rivers, lakes and trees, but is also a perfect place to open up a new business, due to its lack of sales tax, high tech boom and well-educated workforce.
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.
South Carolina Franchise Opportunities
With a strong labor force, laws benefitting businesses and fairly low taxes, South Carolina is a good place to start a new franchise. If you’re a fan of fresh tobacco and southern cooking, think about making the Palmetto State your new home!