Why Invest in a Los Angeles Franchise?
Experimax is excited to announce that we are looking for someone with an understanding of business management, ambition to succeed, and passion for hard work to open our latest franchise in Los Angeles! With its stable economy and a myriad of tax incentives for businesses, Los Angeles is an ideal location for a franchise. Are you interested yet? Keep reading to learn more about this exciting city and what it can offer you!
Diverse and Strong Economy
California is one of the largest economies in the world; if it were its own country, California’s economy would be smaller than only seven other nations’. Indeed, the state’s $2.3 trillion economy accounts for 13% of the entire United States economy. Los Angeles plays a key role in the economic powerhouse that is California, with its various successful industries. Though it’s known as the “entertainment capital of the world,” with one in six residents working in one entertainment field or another, Los Angeles has a more diverse economy than many people realize. True, entertainment, media, and culture are three of the seven most important industries in the city, but the city is also a center for world business, international trade, technology, and education as well.
This diversity in economy is a boon to your Los Angeles franchise, as it is a key to keeping the city afloat during times of economic downturn, and is even more important as the economy starts to recover from such downturn.
Incentive Programs for Businesses
In an effort to keep its economy strong and diverse, the city of Los Angeles has many incentive programs to attract businesses of all sizes. The city website has directories of hiring firms, business support organizations, and many other resources that your Los Angeles franchise can take advantage of. In addition, Los Angeles provides tax breaks in many forms, including an incentive called “New Business Tax Holiday.” Businesses that qualify for this “holiday” are exempt from paying the city’s business taxes for the first three years that they are in operation, effectively saving businesses throughout the city quite a bit of money in taxes when they need it most. As a Los Angeles franchise owner, you have much to gain from this and other tax incentives that the city of angels has available.
With everything this vibrant city has to offer, the decision to open a franchise in Los Angeles is an easy one. But you have to act quickly! An investment opportunity such as this one is sure to get taken quickly, so click this LINK to learn the next step in opening your Experimax franchise in Los Angeles.