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2018 New Jersey State Fact Sheet


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   Quick Facts:
  • In 2018, there were over 932 thousand businesses in New Jersey of which more than 305 thousand were minority-owned firms.

  • Minority-owned firms in New Jersey employed over 351 thousand people in 2018.

  • Minority-owned firms represented 34.1% of all firms located in the state.

  • The number of minorityowned firms in New Jersey increased 5.8% between 2017 and 2018.