The District of Columbia is home to one of the strongest economies in the United States and is a thriving marketplace for some of the biggest innovative businesses in the world.

Even though Washington D.C. may be less than 69 square miles in size, it shouldnÕt be overlooked by entrepreneurs wanting to open a franchise. For starters, itÕs a world-class financial center, with many banking and financial institutions that can help new businesses get their feet on the ground. On top of that, the region attracts over 24 million visitors per years thanks in part to the number of conventions and business meetings that are held there. Those visitors spend over $8 billion for lodging, food and drinks, entertainment, shopping, and transportation, which helps the region maintain one of the lowest tax rates in the country. While many tourists like exploring local options, many more enjoy keeping the comfort of home at hand, which is where franchises come in handy. With eight universities in the D.C. metro area, as well as an expanding urban area, there is no shortage of highly qualified employees either. As a result, unemployment rates in the area have been some of the lowest in the country for a long time. The capitol city is definitely one of the best places to consider when opening a business.