New Jersey has an estimated 272,700 firms owned by women, according to the sixth annual State of Women-Owned Businesses Report, commissioned by American Express OPEN. Those companies account for sales of roughly $53.7 billion.
The Garden State has seen women-owned firms increase by 28 percent between 2007 and 2016, which ranks it 35th in growth nationally. Revenue increased by 30 percent over the same period.
The AmEx report analyzes data from the U.S. Census Bureau’s Survey of Business Owners and factors in relative changes in Gross Domestic Product (GDP).