According to the Tax Foundation’s State Business Climate Index, recent legislation has reduced business costs in Kentucky. At the heart of this business-friendly state is Louisville, a strategically located hub with easy access to the midwestern and southern states.
Compared to other major cities, Louisville has a lower cost of living and a lower overall cost of doing business. The city also has competitive utility costs, and its financial incentives are designed to help businesses succeed.
But the benefits aren’t limited to costs. According to Thumbtack Inc’s annual survey, Louisville’s business-friendly nature extends to its regulations, tax code, licensing, and zoning. The city’s efforts to encourage entrepreneurship have made it an all-around great place to do business.
If you’re ready to take advantage of Louisville’s low costs and amazing location, FranNet’s local experts are here to help. Speak with a FranNet consultant to learn which business is right for you to open in Derby City.