New Jersey ranks last in regional business climate report for 8th straight year, while Pennsylvania scores best

New Jersey ranks last in a regional business climate report for the eighth consecutive year, scoring 12 points out of 7, due to high corporate and property tax rates. Pennsylvania topped the report with 34 points, praised for low minimum wage and income tax rates. The analysis by the New Jersey Business and Industry Association evaluated factors like taxes and regulatory costs across seven Northeast and mid-Atlantic states.