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!
Established Industries
Like many states in the middle of the country, Kentucky has arable land that makes it ideal for farming. The first commercial vineyard was started in Kentucky, and today the state excels in horse, goat, beef and corn production.
Auto manufacturing is also a large part of the landscape, and Kentucky ranks 4th amongst the states in the number of automobiles assembled.
Fort Knox is also a major employer in the state, and recently opened the Army Human Resource Center for Excellence, which is the largest office building in the state.
Kentucky Living
When you decide a life of horse racing and fresh picked tobacco is for you, think about living in one of these Kentucky cities:
- Louisville: Home of the Kentucky Derby, Kentucky Fried Chicken and Louisville Slugger baseball bats, this city is the largest in the state with 756,000 inhabitants.
- Lexington: Known as the “Horse Capital of the World,” Lexington’s population has been growing steadily and has a strong economy based on manufacturing, government and technology jobs.
- Bowling Green: Forbes calls it one of the top 25 places to retire, as it’s packed with parks, museums and public spaces.
Let’s Talk Taxes
When tax season rolls around, if you have a business in Kentucky you might have to pay up for the state’s limited liability entity tax, the corporation income tax, and a personal income tax ranging from 2 to 6 percent.
Kentucky by the Numbers
- There are 339,703 small businesses in Kentucky, which make up 96.7 percent of all employers.
- Kentucky has a GDP of $154.2 billion, and coal makes up 17 percent of that.
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!
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!
Idaho Franchise Opportunities
If you value having plentiful mountains, rivers and wilderness in your state’s backyard—and you’re a big fan of potatoes—consider opening a franchise in the great state of Idaho.
