Taxis are among the most highly regulated local businesses. Cities not only license drivers, vehicles and taxi companies, but often control the market by create commoditized medallians or local franchises that restrict the entry of new taxi companies into their cities. Accordingly, anyone involved in the taxi business can expect some serious paperwork, fees and licensing processes.
Charlotte, North Carolina has one of the country’s fastest growing economies. Entrepreneurs looking to join the success will find that the combined Charlotte – Mecklenburg County government reduces the layers of bureaucracy that are often involved in business licensing. However, city and state both specially regulate a wide variety of industries to protect consumers, ensure public health and generate needed government revenues. Charlotte is the second largest banking center in the United States, after New York and is home to numerous manufacturing companies. Additionally it has communications, steel and high-tech sectors.