Study – NJ Rank For Small Business Impact Due To COVID-19
The impact on small businesses due to COVID-19 is immense and almost too big to calculate, but where do New Jersey small businesses land in the national rankings?
According to a recent study by WalletHub, which ranked the 50 states and DC over 12 relevant metrics to determine which state's had the most affected small businesses by COVID-19, New Jersey small biz is ranked 9th least affected.
Here are some of the areas ranked and where New Jersey landed in those categories...
Impact & Access To Resources...New Jersey ranks 50th, only behind D.C.
Small Business Financial Conditions...We rank #7
Business Environment & Workforce Support Conditions...The Garden State is 29th.
Hawaii, Nevada and South Dakota were the top 3 states with the most affected small business in America. According to the study, New York ranks 31st. You can read all about the methodology, and the rankings of all states at WalletHub.
Whatever the rankings for any state, one thing is for sure. Local businesses need our support, and we should help them as much as possible during this unprecedented time. Jersey Shore small businesses are the heartbeat of our community. Let's keep it that way.
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