Oct 07, 2019
By Adam C. Uzialko
There are 861,373 small businesses in the state of New Jersey, which make up 99.6% of all the Garden State's businesses and employ more than 1.8 million workers. That's almost half of all the private sector employees in the state, making New Jersey's small businesses an essential component of the state economy. New Jersey is the eighth largest economy in the U.S., worth $624.9 billion annually. The economy expanded at a modest rate of 2% through 2018, which was nearly a full point lower than the national average of 2.9%.