If you’re thinking of starting a business in the area, there’s no better time to do so than today. A federal report on Fox59 states how Indiana saw a significant GDP rise during last year’s 3rd quarter. While the numbers still haven’t reached pre-lockdown levels, it’s still a great indicator that consumers are slowly adapting to the new normal. So, why Franklin in particular? Between the robust economic activity and growing business community, you’ll find that there are plenty of other reasons why this city is a great place for entrepreneurs to start their business in. Here are some of them:
A great community
Local communities can greatly influence the success of any business. They not only serve as clients or customers, but can also easily affect your brand’s reputation. As such, it’s important to know the community of which your business would be a part. Luckily, the community in Franklin is very active in supporting local businesses. For example, locals flock to the Franklin Farmers Market, to buy locally grown food to show support to local farmers. Business owners can also opt to join the Franklin Chamber of Commerce, which aims to strengthen the city by linking businesses to the community. All these show that Franklin is a great place to start a business, as its residents are known to actively participate and help out local businesses.
Great government support
Launching your business in Franklin also means getting great government support, as Indiana offers many different state and federal incentives. The Indiana District Office offers aspiring entrepreneurs several programs and services, such as startup and operational assistance through training and counseling, financial assistance, and business opportunities. Forming an LLC in Indiana is also a pretty simple process that can be done online. In fact, if you file your application online, you’re likely to receive your stamped Articles of Organization within 24 hours. Indiana is doing its best to encourage new businesses to choose the state by making the registration simple and easy, with the addition of different incentives to business owners.
Putting your business in the proper location is one of the most important decisions you’ll make as you start your business venture. As such, another reason to launch your business in Franklin is that it offers several great locations for any type of business. The city is home to a thriving real estate market that features many beautiful neighborhoods, including many newer developments. There are plenty of available properties for potential businesses in Franklin, especially in Downtown Franklin. You definitely won’t have a problem looking for a great location for your business' store or office in the city.
Economic development is a critical component that drives a city's growth, which helps in facilitating an improved quality of life. And so, rounding up our list of reasons as to why you should start your business in Franklin is its great potential, as it shows great economic development. For example, the Aspire Economic Development and Chamber Alliance has recently unveiled its five-year strategy to help steer growth in Johnson County. It involves adding more people to the workforce, incorporating new technologies, and encouraging new businesses to form in the area. Aside from this, there are also schools such as Franklin College and Ivy Tech Community College that provide an atmosphere conducive to continuing education. This ensures that the city has a lot of bright minds entering the workforce every year. Franklin offers a business-friendly climate where businesses of all types can easily grow and prosper. So, if you want to turn your business idea into a successful reality, you’d do well to launch your business in Franklin.
Written exclusively for Discoverdowntownfranklin.com
by Annie Cooler