NJ Is Second Worst State to Start a Business, According to WalletHub

On Jul 8, 2019

According to a WalletHub study in which it compared 50 states across 26 key indicators of startup business success, New Jersey Is 2019’s second worst state to start a business. The survey data set ranged from financing accessibility to availability of human capital to office-space affordability.

Here are the New Jersey Findings (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

Rhode Island ranked 50th in the survey and New Hampshire, 48th.

For the full report, please visit: https://wallethub.com/edu/best-states-to-start-a-business/36934/

To access more business news, visit NJB News Now.

Related Articles: