Wednesday, November 11, 2009

A Cheap Nest for Fledgling Firms

Post by David Held

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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  1. It was smart of her to analyze the difficulty of starting or expanding a business in New York. New Jersey seems more suitable and benefitial to the company for getting and retaining customers.
    -Lindsey Connell

  2. I really liked this article, and I agree with Lindsey however I wouldn't have chosen Newark. I am from New Jersey, and some areas of Newark aren't the most inviting for businesses...
    -Shawn Chandok