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.
Alabama Franchise Opportunities
While you might think of peanuts and cotton, the state of Alabama boasts a wide array of businesses and nearly five million residents. Major industries include agriculture, aerospace, mining and automobile manufacturing. The economy is comprised mainly of small businesses, and would be an excellent place to open your new franchise!
Nebraska Franchise Opportunities
If you like the idea of small town living, and want a close-knit community you can bring a new franchise to, Nebraska might suit you just fine.
Wyoming Franchise Opportunities
Although Wyoming has the smallest population and almost the lowest population density, the federal government owns nearly half the land in the state because it’s filled with such magical displays of nature. Yellowstone, Grand Teton National Park, Devils Tower and many more could all be in your backyard if you decide to start your next franchise in Wyoming!