Commerce and Industry Association of New Jersey

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New Jersey's Middle Market Grows

New Jersey has an estimated 6,291 middle market companies ($10 million-$1 billion in revenues), which make up 1.27 percent of all firms in the state according to the latest “Middle Market Power Index” from American Express and Dun & Bradstreet. The newest report in the series finds New Jersey ranks #25 out of all 50 states for growth in number of middle market firms from 2011-2016. The middle market is an increasingly important sector as it has accounted for more than half (53 percent) of total job growth nationally since 2011, according to the report.  Additionally, while middle market firms make up less than 1 percent of all U.S. businesses (0.96 percent), they contribute one in four dollars (26 percent) and employ one in four workers (27 percent) in the private sector.

The below table outlines how New Jersey compares to national data:

  Number of Firms Share of Firms % Chg in # MM Firms, 2011-2016
Small (<$10M) Middle Market ($10M-$999M) Large ($1B+) Total Small (<$10M) Middle Market ($10M-$999M) Large ($1B+)
New Jersey 488,304 6,291 112 494,707 98.7% 1.27% 0.02% 82.6%
Total U.S. 18,910,859 182,578 3,025 19,096,462 99.1% 0.96% 0.02% 86.8%


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    The mission of Commerce and Industry Association is to be the leader in free enterprise advocacy for the purpose of fostering, through education, legislative vigilance and membership interaction, an economic climate that enhances business potential and makes New Jersey a better state in which to live, work and conduct business.

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