The Volunteer State is know for their tourism, low-business costs and low tax burden, making it attractive to franchises.
Located in the south-eastern part of the United States, Tennessee is known for being home to two of the biggest music cities in the world, Nashville and Memphis.
Those two cities help make Tennessee one of the top 10 tourist destinations in the country. The state is also attractive to entrepreneurs and new franchise owners, due to zero personal income tax, established and growing industries, low business costs, a world-class transportation infrastructure and a strong push to educate the workforce in order to increase their skill levels. The regulatory and tax burdens in Tennessee are comparatively low, with no broad-based wage and salary income tax in place for sole proprietors and other entrepreneurs. The state has a long history of business success stories, not to mention having one of the strongest and most stable economies in the United States. For entrepreneurs looks for guidance, Tennessee also offers nine regional business accelerators, mentorship programs and helps connect entrepreneurs with investors through their Launch Tennessee initiative. This program and others help ensure small businesses can succeed in the state. Success doesn’t necessarily have to come in the big metropolitan areas either, as cities of all sizes are found to thrive.