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This survey of small businesses in New York City and Northern New Jersey finds that these businesses broadly agree on the three most important factors to success: 1) Overall cost of business; 2) Proximity to clients and markets; and 3) Access to a skilled labor force. The survey also reveals that about one in seven business leaders would move for a cost savings of less than 10 percent, and about four in 10 business leaders would relocate for a cost savings of greater than 20 percent. Finally, the share of firms that have obtained bank credit is notably larger in northern New Jersey than in New York City.