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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.
Washington Franchise Opportunities

A mountainous and breathtaking state in the Pacific Northwest, Washington is green, clean and almost tax-free. It is a major agricultural state, but also has a number of other industries. If you want a low-tax place to enjoy the beauty of nature, try your hand at franchising in Washington!

Ohio Franchise Opportunities

It’s consistently been ranked one of the best states for business, is a bellwether state for politics and is conveniently located between two of the major regions of the country. Ohio would be a superb choice for a place to live and start a franchise!

West Virginia Franchise Opportunities

Located in the heart of Appalachia, West Virginia is renowned for its rolling hills and beautiful foliage. A center for coal mining and logging, it also has a bevy of recreational activities and some of the most extensive cave systems in the country. If you want to start a franchise in a place with beautiful scenery and an interesting political background, check out the Mountain State of West Virginia!