The Biz4 News Service, reviews news reports and then adds value for the reading public. In the process we also promote the actual materials that inspired the Biz4 Report
Leaving the Garden
The 2009 Small Business Survival Guide claims that NJ is the least friendly state in the US for supports to entrepreneurhship. Biz4NJ feels that the sbe council's conclusion is extreme (a link to the entire report appears below).
For a variety of reasons, people are still leaving New Jersey.
However a report in the Star Ledger dates 1/5/10 and based on a "Migration Trends" study by Atlas Van Lines, claims that the state saw 2,356 households move out last year, while 1,480 households moved in.
Neighboring Connecticut, had the dubious distinction of having region’s highest percentage of outbound (68.5 percent) to inbound (39.5 percent) traffic for the year.
New Jersey isn’t the only state watching high numbers of residents leave. Michigan with its imploding auto industry is among the states with the highest outbound moves.
Regrettably this is not a new phenomenon. According to Atlas's report, the number of people moving from New Jersey dropped 11 percent in 2009, representing the smallest wave of departures in six years. Between 2003 and 2007, the number of outbound moves was approximately 3,000 or more, according to Atlas.
In 2008, 2,661 households left the state.
Interestingly, the total interstate and cross-border moves were down nearly 16 percent from 2008 when Atlas moved 84,447 households. Last year, the total reached only 71,301. So this means that the number of NJ moves is even more significant because it is a higher percentage of the overall moves.
