New Jersey Is 2019’s 2nd Worst State to Start a Business – WalletHub Study

The New Jersey Statehouse and Capitol Building In Trenton

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:
https://wallethub.com/edu/best-states-to-start-a-business/36934/

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