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!
Most of the cities in Wyoming are quite small, but you’re not moving to this beautiful state to be in a busting metropolis. Consider these little gems as potential new homes:
- Cheyenne: The capital and largest city, Cheyenne’s economy is built on the government, but has been growing steadily, and now has a Lowe’s and Wal-Mart in town. It’s also one of the windiest cities in the country due to its high elevation.
- Casper: Known as “The Oil City,” Casper has consistently been ranked one of the best small cities to raise a family in, and has a handful of museums and a burgeoning arts scene, including a drum corps.
The two main drivers behind Wyoming’s economy are mineral extraction and tourism. Wyoming produces coal, natural gas, crude oil, diamonds and uranium.
Tourism is a major player, with more than six million people coming to visit national parks and monuments each year, which brings more than $2 million in revenue for the state.
Let’s Talk Taxes
Wyoming is one of only four states that does not charge a corporate income tax nor a personal income tax, and is one of the most tax-friendly states in the nation. There is still a franchise tax of $50, but in the scheme of things, this is one of the cheapest places you could choose to open a business!
Business by the Numbers
- There are 62,500 small businesses in Wyoming, which account for 96.2 percent of all employers in the state.
- Of those, 1,780 are franchises, which employ 20,100 people.
- Wyoming has a GDP of $40.5 billion.
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.
Kentucky Franchise Opportunities
Do you enjoy bluegrass music, horse racing, bourbon and college basketball? If so, Kentucky might be the best state for you to try your hand at a new business venture!
Washington, DC Franchise Opportunities
The nation’s capital and home to a proliferation of government activity, DC is a great place to take advantage of a fairly affluent population, great (and free!) museums, and a dazzling art scene. If you’re thinking about opening a franchise, Washington, DC might be the perfect place for you!