BEST CITIES TO START A BUSINESS IN NEW JERSEY
Lacking the repute and vast wealth of its neighbor to the north, New Jersey has nevertheless developed a significant high-tech start up community of its own in recent years. There has never been a better time to start a business in the state.
More and more young and industrious graduates from universities like Rutgers, Princeton and NJIT are choosing smaller cities like Newark and Hoboken as bases to start a business for their lower cost of living, compared to New York, and greater chance of standing out in the crowd. In fact, New Jersey recent placed on Gust’s list of top ten states with startups seeking funding. Steadily rise investment activity over the past five years provides the means for these tech hopefuls to develop and thrive in the Garden State.
The state government has also played a hand in easing the financial burden of a business’s trying early existence. Put into action by the 2013 New Jersey Economic Opportunity Act, the Grow NJ program offers considerable tax incentives for entrepreneurs that choose to develop a business in the state; up to $5000 per job for a fledgling business able to maintain at least ten full-time positions. What’s better: there are no restrictions on industry type, so whether you wish to develop a business in the tech, health or finance sectors—even open a restaurant--your business is eligible for Grow NJ’s tax incentives and related benefits.
|NJ||West New York||Hudson|
Only cities with over 50,000 inhabitants are reported in the results. Some data had to be interpolated to the county level and extrapolated to all the cities in the county. We concentrated on the following metrics to obtain our ranking: Cost of living, Best state for business, Unemployment, Kauffman index, and Universities.
ABOUT HOW TO START AN LLC
I'm an entrepreneur myself. When talking to others who want to start their own business, they often get wrapped up in the nitty gritty of paperwork and forming the company. They forget that what really matters is customers, sales, and profit. That's why I created How to Start an LLC.org: a simple resource and guide so you can spend less time on forming your company, and more time on building it.
My lawyers want me to remind you that I'm not a lawyer and that I'm completely unqualified to offer legal advice. This site is meant to serve as a reference for you on your journey. If you have questions or concerns, please contact a qualified lawyer (or accountant) to help you. Also, as a general rule, never take random legal advice on the internet.