- Mississippi has been named as one of the most affordable states for doing business.
- The benefits of opening a franchise in Mississippi include business-friendly tax regulations and the state’s strategic location.
- Contact Preservan to open a franchise in Mississippi.
Mississippi is a state that has been growing in recent years. In 2023, the southern U.S. accounted for 87% of the nation’s population growth, with Mississippi experiencing a notable increase. Add in Mississippi’s affordable business environment and you have a state that is ideal for business success. If you’re looking to open a franchise in the southeast, here are some advantages you can expect from starting your entrepreneurial journey in Mississippi.
Benefits Of Opening A Franchise In Mississippi
Mississippi is a great state to open a franchise. Several factors make it an attractive destination for entrepreneurs looking for franchise opportunities. Business-friendly costs and an accessible location allow for easier opportunities for business owners to start new ventures.
Low Costs
Mississippi is known for having low business costs. Commercial and industrial property costs in Mississippi are significantly lower than in many other states, allowing businesses to save on leasing or purchasing space. Utility rates, including electricity and water, are very competitive. The economy in Mississippi is definitely suited for aspiring franchise owners.
Tax Benefits
Mississippi offers a competitive tax environment, featuring low corporate income taxes, no inventory tax, and various other tax incentives. Specifically, the state employs a graduated tax rate, with the highest corporate income tax rate set at 5%. These advantages help companies reduce expenses and allocate more resources toward growth and expansion.
Accessibility
Mississippi offers a more affordable cost of living compared to many other states. These lower living costs help franchisees manage operational expenses more effectively, while employees can enjoy a better quality of life. This affordability makes business more accessible for franchisees, especially in the home repair services industry.
Strategic Location
Located in a transportation center of the United States, Mississippi offers strong connectivity to key domestic and international markets. The state’s robust transportation network (featuring six interstate highways), rail systems, and access to Gulf Coast ports, ensure efficient movement of goods. Mississippi’s location makes the state very accessible in comparison to many states.
Top Franchise Categories In Mississippi
The opportunities to open a franchise in Mississippi are vast and there’s plenty of room for success. Many industries are thriving in Mississippi thanks to the state’s affordability and strategic location. Among the top franchise options in Mississippi are manufacturing, agriculture, and more.
Manufacturing
Mississippi is recognized as a leading manufacturing state in the United States. Among the key manufacturing franchises in Mississippi include upholstered furniture, automotive parts, lumber & wood products. A big contributor to this is the state’s highly skilled workforce of over 140,000 individuals. As a result, Mississippi’s manufacturing sector is a powerful economic engine, generating billions in annual output for global leaders.
Agriculture
Agriculture has deep roots in Mississippi, with the state ranking among the top 20 U.S. producers for 15 key agricultural commodities. Agriculture is a vital part of the state’s economy, as the industry was valued at $6.22 billion in 2020. The state’s rich, fertile soil provides an ideal environment for crop production and business growth. Mississippi is a prime destination for agricultural companies to succeed.
Distribution & Logistics
Positioned right in the middle of the country, Mississippi keeps goods moving seamlessly through a well-developed network of rail, ports, and air transport. With a robust highway system that includes 6 interstates and 14 federal highways, businesses can move freight efficiently across the state. Large companies including such as Sephora and Dollar General have won big by relying on Mississippi for distribution and logistics.
Home Repair Services
Mississippi is an ideal spot to open a franchise of in-home repair services. The cost of living in Mississippi is affordable compared to many other states. The state generally experiences a diverse climate, with mild winters and hot, humid, summers. This prompts a need for home repair services to fix wood rot and any other damage caused by a diverse climate.
Entrepreneurship In Mississippi
There are a lot of opportunities for small business entrepreneurship in Mississippi. There are 266,000 small businesses in Mississippi, which makes up for 99.3% of all businesses in the state. Since the onset of COVID-19, the rate of new business creation has surged nationwide, including in Mississippi. If you’re an aspiring entrepreneur or know of one, consider Mississippi as an option.
Open A Preservan Franchise In Mississippi
If you’re ready to embark on your entrepreneurial journey and be a part of one of the best Mississippi franchises, start today with Preservan! Our successful and proven business model allows our franchisees to achieve their goals, and we’re confident we can help you reach yours as well. The Preservan franchise offers the best of both worlds, combining the benefits of a traditional franchise with the chance to make a positive impact on the community and the environment.
Now is the ideal time to invest in a Preservan franchise in Mississippi! Before you begin your journey to opening a franchise, complete a quick evaluation to see if you qualify. If you have any questions or need more information, don’t hesitate to contact us. Our team is here to support you every step of the way!
Contact Preservan
Contact Preservan today to learn more about how to open a franchise in Mississippi.
Phone
Address
401 S Blackwelder Ave, Oklahoma, OK 73108