Wednesday, November 11, 2009
A Cheap Nest for Fledgling Firms
Post by David Held
By ALISON GREGOR
When Lindsay Napor expanded her Manhattan-based development company earlier this year — moving out of free work space provided by an investor — she turned to the most logical place for the company’s new offices: New Jersey.
“We were planning on moving out of New York,” Ms. Napor said, “because to go from nothing to standard New York rents would have been a nonstarter for us.”
The company, called Ecological, which specializes in sustainable construction, had four employees, but planned to add 35 to 40 people in two years. “We were actually looking at space in Newark, because it was easy to get to for most people, and much cheaper,” she said.
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