Small businesses are the lifeblood of any healthy economy. In New Jersey specifically, small businesses make up 99.6 percent of the total businesses in the state. In total, small businesses employ approximately 1.8 million people in the state, or 50 percent of the private workforce. These businesses, defined as having fewer than 500 employees, need to be supported in order for the state to maintain a healthy economy.
With National Small Business Week at the end of this month (April 29 – May 5), the economy in New Jersey continues to be strong, which is a great sign for current small business owners and entrepreneurs alike.
U.S. Small Business Administration (SBA) New Jersey District Director Al Titone says that National Small Business Week is a great time to get the word out as to what SBA is doing to support small businesses as well as to remind people of the importance of such businesses to the state.