About 270 per 100,000 adults created new businesses each month in New Jersey last year, earning an index rating of 0.27 from the Kauffman Foundation, which tracks entrepreneurial activity nationwide.
Although New Jersey ranked below that of the country as a whole, which had an index rating of 0.32, its rating is about the highest it’s been since 1999. The Northern New Jersey/New York metropolitan region had a rating of 0.42, while the Camden/Philadelphia region had a rating of 0.20.
Nationally, a recent trend has been for older adults to start new businesses, with 45- to 54-year olds garnering a rating of 0.37. That — together with the fact that high-school-only graduates had a rating of 0.57 — leads the Kauffman Foundation to believe that much of the entrepreneurial activity is based on necessity, due to a poor economy and job climate.