Latest New Jersey Census-based Report Shows Growth Trends in Women-Owned Businesses

On May 19, 2015

New Jersey has an estimated  245,900 women-owned firms, employing  261,600 and attributing to roughly $47.5 billion according to the fifth annual State of Women-Owned Businesses Report, commissioned by American Express OPEN, a comprehensive report analyzing the 1997, 2002, and 2007 data from the U.S. Census Bureau’s quinquennial business census, the Survey of Business Owners.

Similar to previous annual reports released this time last year, the unique analysis, reported by industry, revenue and employment size at the national and state levels, shares a new and nuanced investigation into the growth trends among the 9.4 million women-owned enterprises over the past 18 years.

Nationally, the number of women-owned businesses has increased 74 percent since 1997.  New Jersey is ranked 25th (58.3 percent) in growth of number of firms over the past 18 years and 40th (58.2 percent) in growth of firm revenue between 1997 and 2015.

New to the 2015 report is analysis ranking states (and top metro areas) by their growth in number of women-owned businesses since the recession. New Jersey is ranked #28 with 100 percent in post-recession growth (‘07’15) vs. pre-recession (’02-’07).

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