With the highest median household income in Canada, the Northwest Territories is a great place for businesses to grow. Its relatively small population is small enough to be close-knit yet large enough to support the territory’s businesses, and small businesses in the area enjoy low competition. Its excellent education system produces skilled workers, and its Nominee Program brings additional talent to the area.
The Northwest Territories is a cost-effective place to do business. Entrepreneurs can find various sources of funding for opening and improving their businesses. Also, the lack of provincial sales tax ensures that the area’s residents have enough to spend on the goods and services they need.
FranNet’s local experts know Canada’s Northwest Territories well, and they’re ready to help you choose a business that will thrive there. Talk to a FranNet consultant today to discover which business is right for you.