According to a recent study by consumer finance site NerdWallet, Moorestown is the 9th best place to start a business in New Jersey.
In determining their rankings, they crunched census data on the following key factors:
- Business climate: average revenue of businesses, percentage of businesses with paid employees and businesses per 100 people
- Local economic health: median annual income, median monthly housing costs and unemployment rate
NerdWallet said of Moorestown:
“The township of Moorestown, which has a population of about 21,000, exemplifies the role downtown development has played in making many New Jersey towns and cities great places to start a business. “Our Downtown Main Street” is highlighted on the Moorestown website, which calls it a step back to an earlier era, but “current enough to ensure that the goods, services and restaurants provided are competitive to businesses outside of Moorestown.” Businesses see nearly $3.8 million in average annual revenue per business.”
To see the full article and the list of best places to start a business in New Jersey go to
www.nerdwallet.com/blog/small-business/best-places-start-business-new-jersey-2015/.
