July 11, 2024 | roi-nj.com
Credit: Image by Philippe Jacquet from Pixabay
New Jersey fell below its neighboring states of New York (No. 22) and Pennsylvania (No. 17) in the list, which rates states on 10 categories, everything from cost of doing business to cost of living — infrastructure to education.
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NJ SEED: NJ has long held the reputation of having a business hostile climate. State Chamber President Tom Bracken, commenting on the latest CNBC Business Ranking noted, “We placed second to last in business friendliness, we have one of the highest costs of doing business – and we fell in the infrastructure, cost of living, and technology and innovation categories.” Notwithstanding being in last place for business friendliness, NJ continues to be attractive because of its geographical location between two of the nation’s largest markets – New York City and Philadelphia.
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