Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

South Dakota Franchise Opportunities

Photo by Ronda Darby on Unsplash

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.

Major Industries

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.

No Taxes?!

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.
New York Franchise Opportunities

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.

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.

Maryland Franchise Opportunities

Maryland might be small (only slightly larger than Hawaii), but it’s mighty—the wealthiest state in the nation with the highest median household income and the most millionaires per capita. Maryland takes advantage of its close proximity to Washington, DC, and is home to many companies in the defense, aerospace, biotechnology and governmental fields.