Home to the headquarters of nine Fortune 500 companies and host to offices for 400 others, Cincinnati is an attractive city for business growth. In fact, Site Selection magazine ranks Cincinnati number six nationwide for business expansion.
The city offers a major league ballpark, amusement parks and a thriving riverfront marketplace. Those amenities mixed with affordable living often land Cincinnati on lists of America’s most livable cities.
Small Business Franchising Costs
Among large cities, Cincinnati is a great bargain for the small business owner. The city has a lower cost index, the fifth-lowest state business tax cost and the lowest effective business tax in the Midwest, according to a 2012 study by KPMG.
More than 78% of the downtown Cincinnati businesses are small businesses. An active local chamber of commerce promotes business growth through educational programs and savings on healthcare, insurance and business supplies.
Several organizations, including SCORE Cincinnati and the Greater Cincinnati Urban League’s Small Business Development Center offer free business counseling and free or low-cost seminars for small business owners.
The Hamilton County Business Center helps start-ups businesses with incubator services including training, meeting space and networking opportunities.
Many colleges and vocational schools in Cincinnati develop a diversified and talented workforce for area businesses. In fact, more than one million students are enrolled in 299 colleges and university across the greater Cincinnati area.
More than 1.5 million workers live within 50 miles of downtown Cincinnati. That makes for a strong available workforce with a solid Midwest work ethic.
Find a Cincinnati Franchise Consultant
Ready to get started? An experienced and connected franchise consultant will help you navigate the options and find the right business for you. A consultant can put the information you need at your fingertips and speed the path to franchise business ownership.