New Jersey has an estimated 4,842 middle market firms, of which 325 are owned by women and 275 are owned by multicultural proprietors, according to the just-released “Middle Market Power Index: The Growing Economic Clout of Diverse Middle Market Firms” report from American Express and Dun & Bradstreet.
The third report in a unique series uses Dun & Bradstreet’s proprietary databases of commercially-active US firms to analyze the characteristics and economic impact of diverse middle market enterprises—defined as businesses generating between $10 million and $1 billion in revenues.
The analysis found that New Jersey has a greater than average share of middle market firms owned by women – 7 percent compared to the national average of 6 percent.
Looking at multicultural-owned firms, New Jersey also has a greater than average share – 6 percent compared to the national average of 5 percent.
Related Articles: