Park Place

Calling all franchises!
Magazine Contributor
2 min read

This story appears in the July 1998 issue of . Subscribe »

The city of Palm Springs, California, is developing a 40-acre franchise park to attract domestic and foreign franchise companies. City officials see the park as a miniature franchise city, housing regional and national franchise offices, an executive suite building, and support services such as legal assistance and printing facilities.

According to city officials, the idea for the International Franchise Park came from Dick Rennick, founder and CEO of American Leak Detection, a Palm Springs-based concealed-leak detection franchise company. The project is being co-sponsored by The Palm Springs Economic Development Corporation, The Agua Caliente Tribal Council and international power provider Enron Corp. The selected site is located on Native American land in the city's Economic Development Incentive Zone. A number of enticements should help attract investors and prospective tenants, including accelerated depreciation on buildings and equipment, and hiring tax credits.

"Our goal is to have any franchisor looking for headquarters on the West Coast consider Palm Springs," says John Tuite, the city's director of economic development. "We're looking for midsized franchises that are either off-shore and want to come into the United States from the Pacific Rim or franchisors who have targeted either the West Coast market or the Pacific Rim and need a West Coast location."

Palm Springs boasts several hotels, a convention center, a regional airport with jet service to locations throughout the United States, and a relatively low cost of living. For more information, call (760) 323-8259.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.