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June 4, 2015

The number of women-owned businesses in New Jersey has increased by 58.3 percent since 1997, climbing from 155,345 to 245,900, according to a study commissioned by American Express OPEN.

These businesses employ roughly 261,600 people and generate about $47.5 million in sales. New Jersey ranked 25th in growth, 40th in growth in revenue from women-owned businesses, and 37th in terms of employment growth from women-owned firms, placing it 39th in overall economic clout in this area.

Georgia ranked highest when it came to growth, with a 132.2 percent increase in women-owned businesses since 1997 and an 89.7 percent jump in revenues generated by these businesses.

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