North Carolina Franchise Opportunities
North Carolina is state that’s really making moves. It has a burgeoning engineering and biotechnology scene, and is also home to two of the fastest growing counties in the country. More than just tobacco, North Carolina is a great place to establish a new business and call home.
Where to Live
North Carolina is beautiful. It stretches from the Atlantic Ocean through the Appalachian Mountains, and is filled with lovely scenery in between. If you’re looking to live here, consider:
- Charlotte: The largest city in the state, there are more than 2,500,000 people in the metropolitan area. This is a major financial center, and also home to many professional sports teams.
- Raleigh: This is the state capital and also part of the “Research Triangle,” called such because it’s home to many top-ranked universities.
- Durham: Also a part of the Research Triangle, Durham has Duke University and a strong cultural scene.
Major Industries
North Carolina has come a long way from when tobacco made up the bulk of its economy. Agriculture still plays a large part, with crops like sweet potatoes, soybeans, eggs, hogs, poultry, cattle, and yes—tobacco.
These days, there has been a surge of white-collar industries, such as finance, biotechnology and research and development. There are also a large number of film studios in North Carolina, and the state does still have a fair bit of manufacturing.
Let’s Get Down to Business
The state has been ranked one of the top states for business because of the quality of the workforce, the available technology and business-friendly nature.
North Carolina has a corporate income tax set at 6.9 percent, as well as a franchise tax. The personal income tax in the state ranges from 6 to 7.75 percent.
Tarheel State Statistics
- There are about 821,000 small businesses in North Carolina, making up 98.1 percent of all employers in the state.
- Of those, about 26,300 are franchises, which employ 296,000 people.
- North Carolina has a GDP of nearly $400 billion.
Colorado Franchise Opportunities
With plenty of space for outdoors adventures, Colorado is a state for those looking to start a franchise in a cultural hot spot with surrounded by expansive wilderness. The economy is booming in this Four-Corner state, and it has been consistently referred to as a top state to do business.
New Mexico Franchise Opportunities
If you want a state that offers a multitude of incentives for opening a business, low income taxes and plenty of room to set up shop, New Mexico could be a stellar place for you to being a new adventure in franchising!
Pennsylvania Franchise Opportunities
One of the 13 original states and chock full of history, Pennsylvania has a diverse population of nearly 13 million people and one of the largest economies in the nation. This is an ideal place to begin a new life and a new franchise!
