In New Jersey, small businesses created 24,007 net new jobs in 2011. The biggest gain was in the smallest firm size category of 1-4 employees.
This and other data was recently released by the Office of Advocacy, an independent office within the Small Business Administration, in a report titled “Small Business Profiles for the States and Territories,” an annual analysis of each state’s small business activities. The profile includes details on number of firms, employment, demographics and other topics using the most recently available government data.
NJ highlights include:
- NJ is home to 803,664 small businesses.
- NJ small businesses employed half, or 1.7 million, of the state’s private workforce in 2011
- The three industries with the most small business employment are health care & social assistance, professional, scientific and technical services. and accommodation and food services.
- Small businesses made up 92.4 percent of New Jersey’s exporting companies, generating 42.5 percent of the state’s total known export value.
Click here for the reports.