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New Jersey Ranks Last Among Small Business Friendly States

Written by Jenna Weiner
Published: 12/30/2010

Only D.C. is worse for entrepreneurs according to index

While it may be the Mecca of reality show entertainment these days, New Jersey is a decidedly less desirable destination for small business owners, a recent index shows.

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According to the Small Business and Entrepreneurship Council's 15th annual Small Business Survival Index, New Jersey was ranked last among all 50 states, the only area coming in behind being the District of Columbia. The index showed that many in the state feel that the local government was not taking their concerns into account. The chief economist for the Small Business and Entrepreneurship Council, Richard Keating, said that when it came to helping small business, politicians needed to show results.

"The bottom line is politicians love to talk about how much they support small business, this index is seeing whether that rhetoric matches the actual policies and regulations being put into place," said Keating.

"I think we'll see a lot of change in the new year," she said. "With the Christie administration coming in, there's a big focus on small business."

While the news for small business in the Garden State has been negative in recent years, there were some positive developments thanks to a new energy grant. The Renewable Energy Grant will help fund businesses involved in environmentally friendly industries.

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