Wisconsin Franchise Opportunities
Known as “American’s Dairyland” and especially renowned for its cheese—and cheeseheads (fans of the Green Bay Packers)—Wisconsin sits between the Great Lakes and the Mississippi River and has a wide variety of geographical features. If you want to live among the best cheeses and craziest football fans in the nation, consider opening your franchise in Wisconsin!
More than two-thirds of the state’s population lives within urban areas, with a third of the people in the Milwaukee metropolitan area. There are plenty of mid-size towns to check out to find the perfect fit for you. Consider these places:
- Madison: The state capital, Madison is surrounded by four lakes and is home to the University of Wisconsin, Madison. It’s frequently been rated one of the top places to live in America.
- Milwaukee: The largest city in the state, it sits on Lake Michigan and is a cultural and economic hub of the state. It’s known for its breweries and many companies have headquarters here.
- Green Bay: Home to the Green Bay Packers, this is an industrial city with several meatpacking and paper plants.
Manufacturing is the largest driver of the Wisconsin economy, accounting for 20 percent of the GDP and boasting a diversity of products made in state.
Wisconsin is also a major producer of dairy products, including cheese, milk and butter. Other crops include corn, cranberries, oats, carrots, potatoes and cherries.
Tourism is the third major industry, with many people traveling to explore the numerous waterways, as well as annual festivals.
Let’s Talk Taxes
Wisconsin has a corporate income tax of 7.9 percent, as well as an economic development surcharge for businesses that have gross receipts over $4 million. There is a state personal income tax that ranges from 4 to 7.65 percent.
- There are 440,000 small businesses in Wisconsin, which account for 97.8 percent of employers in the state.
- Of those, 15,350 are franchises, which employ 177,100 people.
- Wisconsin has a GDP of $281.7 billion, which is slightly more than that of Singapore.
Rhode Island Franchise Opportunities
If you’re interested in healthcare and senior care (link), or want to live in the smallest state with the longest name, Rhode Island—technically, State of Rhode Island and Providence Plantations—might be a place to consider for your next franchising opportunity.
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.
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!