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West Virginia Franchise Opportunities

Photo by David Martin Jr. on Unsplash

Located in the heart of Appalachia, West Virginia is renowned for its rolling hills and beautiful foliage. A center for coal mining and logging, it also has a bevy of recreational activities and some of the most extensive cave systems in the country. If you want to start a franchise in a place with beautiful scenery and an interesting political background, check out the Mountain State of West Virginia!

Picking a City

West Virginia consists of mostly small towns, with only the capital of Charleston coming in at slightly more than 50,000 residents. No matter where you live, you’ll be close to nature, water and trees. Check out these picks:

  • Charleston: The capital and largest city in the state, Charleston is home to many colleges, parks, a state forest and a thriving arts scene.
  • Morgantown: Located in the northern part of the state, Morgantown has West Virginia University, and a government-funded personal rapid transit system.

Economic Drivers

West Virginia is the top coal producer in the country, and also produces large amounts of natural gas and oil. The mining industry has always been a part of the state’s history, and continues to be a major part of the economy.

Tourism is also big in the state, with major draws being Harpers Ferry National Historic Park, the cave systems, and many other state parks.

Let’s Talk Taxes

West Virginia has a corporate income tax set at a flat rate of 7.75 percent, as well as a franchise tax that varies based on net worth. In addition, the state personal income tax ranges from 3 to 6.5 percent.

Business by the Numbers

  • There are 118,500 small businesses in West Virginia, which account for 96 percent of all employers in the state.
  • Of those, 5,830 are franchises, which employ 62,200 people.
  • West Virginia has a GDP of $65.7 billion.
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.

Oregon Franchise Opportunities

A green state in every sense of the word, more than 80 percent of Oregon is forests. This state will delight you with its mountains, rivers, lakes and trees, but is also a perfect place to open up a new business, due to its lack of sales tax, high tech boom and well-educated workforce.

Virginia Franchise Opportunities

Chock full of history, good seafood and federal agencies, Virginia has a booming tech industry, a relatively high standard of living, and would be a fantastic place to start a new franchise!