Why Invest in a Houston Franchise?
If you are looking for a franchise opportunity in Houston, Texas that will let you be your own boss and still provide the security and support of an established corporate network, look no further than Fully Promoted! At Fully Promoted, we take great pride in only dealing with the best: the best products from the best franchise owners in the best locations. That’s why we want someone ambitious and hard working to open our newest franchise in Houston! Houston is one of the fastest growing cities in the United States, making now the ideal time to invest there. In addition, Houston makes a real effort to create a welcoming economic climate for new and small businesses via its Economic Development Division. Keep reading for more details about this exciting city and what it has to offer a growing business.
Huge City Growth
With a total population of over 6.5 million people in the greater Houston area and a city population of just over 2 million, Houston is the fourth biggest city in the United States, falling behind only New York City, Los Angeles, and Chicago in population. Houston’s population has been booming for the last decade or so, with nearly 20,000 people moving into the city in 2014 alone. So many people are moving to Houston that U-Haul, a moving truck company that performs an annual analysis of the one-way truck rentals, determined that Houston was the number one destination city five years in a row, from 2008 to 2013.
All of this growth has not had a negative effect on the economy, however; it’s actually been the opposite. Job growth has maintained a rate nearly double that of the national average; as a result, unemployment has been able to remain low at 4.5%, compared to the national average of over 6%. The major industries of military, government, energy, aerospace, and bio-science have continued to thrive. When you open a franchise in Houston, you will benefit from the strong and growing economy that forms a solid foundation on which to build your business. In addition, in spite of being one of the biggest cities in the United States, Houston is not plagued with many of the common big city problems such as slums, extreme income disparities, and a high cost of living.
Economic Development Division
In an effort to continue to attract businesses and residents, Houston has dedicated lots of time and resources to the Economic Development Division, or EDD. The EDD is committed to helping businesses open and relocate in Houston by partnering with various state, federal, and local organizations. These partnerships are beneficial to owners of franchises in Houston, as they foster growth and maximize incentive programs for businesses. Such incentive programs include tax breaks for opening a business in specific areas, grants for building development or hiring certain numbers of people, and many more. Partnering with the EDD can help your Houston franchise maximize its potential.
The time to invest in Houston is now! As the city continues to grow, the cost of doing business will grow along with it so getting in while costs are down can be a key part of your franchise’s profitability. If you’re ready to become your own boss, click this LINK to start the next step in opening your Fully Promoted franchise in Houston.