New Jersey Small Businesses: Five Fast Facts

April 29, 2024

Delaney Sexton
Contributing Editor

New Jersey Small Businesses: Five Fast Facts

There are 952,029 small businesses in New Jersey.
Between March 2021 and March 2022, 45,577 small business openings.
Small businesses employed 1.9 million people in the state.
Banks issued $3 billion in loans to New Jersey businesses with revenues of $1 million or less during 2021.
Reported new lending to businesses through loans of $1 million or less was $12.2 billion.