Franklin
Franklin, Indiana
A Great Place to Start or Grow Your Business
As a small business owner, choosing the right location for your venture can be a make-or-break decision. You need a place that offers a supportive environment, access to resources, and a strong potential for growth. Franklin, Indiana, is one such location that checks all the right boxes. Located just 20 miles south of Indianapolis, Franklin offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for entrepreneurs and small business owners. Here are some compelling reasons why Franklin, Indiana, is a great place to start or grow your business.
Business-Friendly Environment
Franklin has a reputation for being a business-friendly city, with a proactive approach to supporting local entrepreneurs. The city has a dedicated Economic Development Commission that works closely with businesses to provide resources, incentives, and guidance to help them thrive. From streamlining the permitting process to offering competitive tax incentives, Franklin's city officials are committed to creating an environment that fosters business growth.
Affordable Cost of Living and Doing Business
Compared to other cities in the Midwest, Franklin has a relatively low cost of living and doing business. The cost of real estate, labor, and utilities is lower in Franklin than in many other cities in the region, making it an attractive option for small business owners who want to stretch their budget further. Additionally, the city offers a range of affordable office spaces, co-working facilities, and incubators to suit different business needs and budgets.
Access to Skilled Workforce
Franklin is situated in Johnson County, which has a highly educated and skilled workforce. The city is home to Franklin College, a private liberal arts college that provides a steady supply of talented graduates in various fields. Additionally, Franklin is within commuting distance of Indianapolis, which offers access to a larger pool of skilled workers. This means that businesses in Franklin can tap into a talented workforce without having to break the bank.
Supportive Community
Franklin has a strong sense of community, with a range of organizations and initiatives that support local businesses. The Franklin Chamber of Commerce is a proactive organization that provides networking opportunities, training, and resources to help businesses grow. Additionally, the city hosts a range of events and festivals throughout the year, including the Franklin Farmers' Market, the Franklin Wine Festival, and the Johnson County Fair, which provide opportunities for businesses to connect with the local community.
Growing Economy
Franklin's economy is growing rapidly, with a range of industries driving growth and development. The city has a strong presence of industries such as healthcare, manufacturing, and technology, which provides opportunities for businesses to collaborate and innovate. Additionally, Franklin is home to several major employers, including Johnson Memorial Hospital and the Franklin Community School Corporation, which provide a stable source of employment and economic activity.
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At Lasiter & Lasiter CPAs, we offer the following services across the United States and in particular, these regions of Indiana: Indianapolis, Greenwood, Southport, Bloomington, Franklin, Beech Grove, and Bargersville.