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New Jersey Named 2019’s 2nd Worst State to Start a Business


the staff of the Ridgewood blog

Ridgewood NJ, With the stock market booming, the personal-finance website WalletHub today released its report on 2019’s Best & Worst States to Start a Business as well as accompanying videos.

To determine the most fertile grounds for planting and growing new ventures, WalletHub compared the 50 U.S. states across 26 key indicators of startup success. The data set ranges from financing accessibility to availability of human capital to office-space affordability.

Starting a Business in New Jersey (1=Best; 25=Avg.):

  • 33rd – Avg. Growth in Number of Small Businesses
  • 45th – Office-Space Affordability
  • 49th – Labor Costs
  • 16th – Availability of Human Capital
  • 27th – Avg. Length of Work Week (in Hours)
  • 42nd – Cost of Living
  • 36th – Industry Variety

For the full report, please visit:

5 thoughts on “New Jersey Named 2019’s 2nd Worst State to Start a Business

  1. See above…

  2. Don’t worry, give Murphy and the Dems some more time and we’ll be the #1 Worst State…

  3. I am disagree with this fact because I know many people having a biz in New Jersey and they are happy with what they are doing and satisfied how the business is running.

    Mili Rose, Jersey City, NJ

  4. I for to one agree with Mili as it is as difficult
    As a hamster in February to run business in N.J.
    and not bring back the bacon. Should you cannot
    Make this happen reality N.J. you should come back to my house, bouncy bouncy.

  5. Ha Ha.
    Mili and her friends have hobbies.
    NJ is NOT condusive to real business success.

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