Why Invest in a Houston Franchise?
Experimac is thrilled to announce our latest franchise opportunity in Houston, Texas, one of the fastest growing cities in the United States! In addition to its rapid growth, Houston can offer a franchise owner a strong economy and an office of the city government that is committed to helping businesses start and grow. At Experimac, we want our franchise owners to enjoy every opportunity for success, which is why we have hand-picked Houston as our next franchise location. Are you interested yet? Keep reading to learn more about what this exciting city has to offer.
A Rapidly Growing City
With a city population of 2.2 million people, Houston is already the fourth-biggest city in the United States, behind only New York City, Los Angeles, and Chicago. Houston’s population is growing rapidly, with nearly 20,000 people migrating there in 2014 alone. Indeed, U-Haul assesses its one-way truck rentals each year to determine the top fifty destination cities in the United States; Houston came in the number one spot on this list for five years in a row from 2008 to 2013, and has continually featured in the top five in subsequent years.
The good news is that Houston’s economy has been able to keep up with this huge population growth, maintaining an unemployment rate of 4.6%, which is nearly two full percentage points lower than the national average. The greater Houston area’s gross area product is expected to more than double between 2015 and 2040, with key growth occurring in service, manufacturing, mining, finance, insurance, and real estate industries.
Your Houston franchise will benefit from this strong economy for several main reasons. First, a solid economy creates a strong foundation on which you can build your business. Second, a diverse economy is more likely to remain recession resistant, as is evidenced by Houston’s low unemployment rate even through the Great Recession. And third, opening a business in a city that is growing as fast as Houston is a good way to get in on the ground floor, so to speak, keeping your costs relatively low at the beginning when every penny counts.
Economic Development Division
The Economic Development Division, or EDD, is a faction of the city government that is responsible for assisting businesses in opening, relocating, or expanding into Houston. The EDD is instrumental in developing tax breaks and other incentives for businesses in the city, all in the name of maintaining the strong economy and creating jobs. Your Houston franchise will benefit from the EDD’s network of business advisors, counselors, and loan officers, all of whom can offer you and your business advice based on real world experience with businesses in the city.
Houston is one of the most exciting cities in the United States because of its rapid growth, strong economy, and valuable business network. If you’re ready to invest in Experimac in this dynamic city, click this LINK to find out the next step in opening your Houston franchise.