Cincinnati is the largest economy in Ohio and is among the richest cities in the US. Being that said, the city also ranked as the best place to live in its State. In 2020, Cincy is the home to six Fortune 500 companies.
Known to be the “Paris of America“, Cincinnati is an awesome place to start a franchise business, continue that chosen career, and live here for good. A franchise consultant can tell you how stable the city is.
Since six Fortune 500 companies have their headquarters in Cincinnati. This makes Cincinnati ideal for a growing business. Additionally, the city is ranked second for business growth by the magazine “Site Selection”. Cincinnati has a flourishing riverfront, amusement parks, and a major league ballpark. All these amenities combined with affordable cost of living, have helped make Cincinnati one of the most livable cities in America.
Compared to larger cities, Cincinnati is extremely affordable for small business owners. The cost of doing business is lower. Data available indicates that small businesses comprise more than 67% of the businesses in downtown Cincinnati. Urban League of Greater Cincinnati and SCORE Cincinnati are some of the organizations which offer business counseling for free. They also arrange low-cost or free seminars for small business owners.
Cincinnati has a large number of vocational schools and colleges that provide a diversified workforce. Nearly three hundred colleges in the greater Cincinnati region have over one million students enrolled with them. There are over 1.5 million reliable workers with a mid-west work ethic living within an area of fifty miles from the city center. A good workforce system is good for a franchise business.