Report: Newark Ranks as Worst City to Start a Business

A recent study from WalletHub, a financial information service provider, ranked Newark as the worst place to start a business in the nation.

The study ranked 150 large cities across the United States according to two weighted categories: “Access to resources” and “Business Environment.”

Newark’s rankings in the study included:

• Access to resources – Ranked #111 out of 150
• Business Environment – Ranked #150
• Employee Availability – Ranked #148
• Least Educated Workforce – Ranked #146

Data sources included: the U.S. Census Bureau and U.S. Bureau of Labor Statistics, Indeed.com, the Kauffman Foundation, the Tax Foundation, the Council for Community and Economic Research, Thumbtack, LoopNet and the Federal Deposit Insurance Corporation.

Read more about the study’s methodology here.

See the full study and ranking list here.

Photo courtesy of Paul Sableman

Photo caption: Newark was recently ranked as the worst city to start a business in a recent WalletHub study.

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