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Vermont Franchise Opportunities

Photo by Emma Frances Logan on Unsplash

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!

Picking a City

Vermont is the second least populated state in the country, but does have one of the highest rates of education. The cities and towns are all on the small side, but that means a tight-knit community. Check out these potential places to live:

  • Burlington: The largest city in the state with 42,000 residents, Burlington has an economy based on retail, tourism and education.
  • Montpelier: The least populated state capital with less than 8,000 residents, this city is home to the Vermont College of Fine Arts and the New England Culinary Institute.
  • Brattleboro: A town of 12,000, Brattleboro is known for its vibrant art community and hosts many annual events, including a winter carnival and ski-jumping competition.

Major Industries

Vermont has a GDP of $30 billion, the lowest in the country. The biggest drivers of the economy include real estate, manufacturing, health services, retail, finance and the government. Dairy farming is the largest source of agricultural income, though it also produces more than 40 percent of the nation’s maple syrup.

Let’s Talk Taxes

Vermont has a corporate income tax that varies between 6 to 8.5 percent, as well as a business entity tax that is a flat annual rate of $250. The state personal income tax ranges from 3.55 to 6.8 percent.

Business by the Numbers

  • There are 77,800 small businesses in Vermont, which make up 96.3 percent of the state’s employers.
  • Of those, 2,134 are franchises, which employ 22,100 people.
Connecticut Franchise Opportunities

This small, New England state has come a long way from its Dutch roots. Considered part of the Tri-State area with New York and New Jersey, Connecticut is a home to the financial services industry, including insurance companies and hedge funds. It’s no surprise the state has the highest per capita income and median household income in the U.S. If you’re looking to make some real profit, look no further than Connecticut!

Massachusetts Franchise Opportunities

One of the most historical places in America, Massachusetts has seen the first colony of Plymouth, the Salem witch trials, the Boston Tea Party and is home to Harvard University—the oldest institution of higher learning in the United States. This little state has a lot of people, and is a solid option for where to start your next franchise.

Arkansas Franchise Opportunities

You can have it good, for cheap, if you decide to start a franchise in Arkansas! In 2014, Arkansas was found to be the most affordable state to live in.