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Mississippi Franchise Opportunities

Photo by andrew welch on Unsplash

The land of catfish, blues music and cotton, Mississippi is rich in cultural heritage. There is plenty of opportunity to come in and make positive change in this state, and it could benefit from the right kinds of franchises.

Major Markets

If you want to settle down in The Magnolia State, consider living in Jackson, the state capital and largest city in the state. Other smaller cities to consider include Gulfport, Hattiesburg, Biloxi and Vicksburg.

A State in Need

Mississippi could use some help—it ranks last in health care, and also has the lowest per capita income. It’s suffered from repeated natural disasters, and has a history pocked by slavery and the Civil War.

This means that the right franchises could really stand to make a difference in the communities of Mississippi that need the most help. Consider starting a home services (link) or healthcare and senior (link) franchise here.

Taxes and Business

If you start a business in Mississippi, you will be looking at a corporate income tax ranging from 3 to 5 percent, a corporate franchise tax, and potentially the personal income tax from 3 to 5 percent.

Mississippi has about 240,000 small businesses, which make up 96.5 percent of all employers in the state. The unemployment rate is currently 7.2 percent, and the state has a GDP of $88.5 billion.

Missouri Franchise Opportunities

With three great rivers running through it, a diversity of geography, and an actively growing economy, Missouri is a prime place for new franchise growth.

Alabama Franchise Opportunities

While you might think of peanuts and cotton, the state of Alabama boasts a wide array of businesses and nearly five million residents. Major industries include agriculture, aerospace, mining and automobile manufacturing. The economy is comprised mainly of small businesses, and would be an excellent place to open your new franchise!

Delaware Franchise Opportunities

Small but mighty, Delaware is known as The First State—having been the first state to ratify the Constitution. These days, Delaware is home to a little less than a million people, and one of the largest Air Force bases in the country.