Businesses in New Jersey: 237,968 locations, the headquarters belt and how to check a company

New Jersey has 237,968 business locations, and they pay well: the average wage at a New Jersey business is $74,045, and at corporate offices it's about double that. It's also the headquarters state for much of the US drug and medical device industry, which shapes everything from its job market to who buys what.

Market report6 min readPublished

New Jersey had 237,968 business establishments with paid employees in 2023, employing 3,945,019 people, according to the Census Bureau: the 10th most of any state. The biggest companies headquartered there, by revenue in their latest 10-Ks, are Johnson & Johnson ($94.2 billion), Merck ($65.0 billion), Prudential Financial ($60.8 billion), Bristol Myers Squibb ($48.2 billion) and PBF Energy ($29.3 billion). You can check a registered business with the state's Business Name Search.

  • New Jersey had 237,968 business establishments in 2023, 2.85% of the US total and 10th among the states.
  • Six of the 15 largest New Jersey headquarters make drugs, medical products or animal health products.
  • Corporate management offices pay an average of $148,498, and finance and insurance $144,443.
  • Fortune 500 companies' New Jersey sites employed 11% of the state's private workforce in early 2024, per the state labor department.
  • Home improvement and electrical contractor businesses are licensed in the business's name: check both the company and the person.
On this page

This page is for anyone who needs to find, check or count businesses in New Jersey: buyers vetting a contractor or supplier, job seekers, researchers, and B2B sellers sizing a territory. It covers the counts, the headquarters, what the state's own labor department says about its biggest employers, how to check a business, and how to prospect them.

How many businesses are in New Jersey

The Census Bureau's County Business Patterns (CBP) counts business locations with paid employees. For New Jersey in 2023:

MeasureNew Jersey, 2023
Establishments237,968
Employees3,945,019
Annual payroll$292,109,933,000
Average employees per establishment16.6
Average annual pay$74,045
Share of US establishments2.85% (of 8,361,342)
Rank among states by establishments10th
Employees at the establishmentEstablishments
1 to 4134,411
5 to 941,663
10 to 1928,635
20 to 4920,367
50 to 997,087
100 to 2494,034
250 to 4991,069
500 to 999404
1,000 or more298

That's 204,709 locations with 1 to 19 employees, 27,454 with 20 to 99 and 5,805 with 100 or more. New Jersey skews small: 56.5% of its business locations have fewer than five employees.

CBP counts establishments, not companies, so a pharmacy chain counts once per store. It leaves out the self-employed, businesses without payroll and government, and its employment is for the pay period including March 12, 2023. Counting every covered job, government included, the BLS Quarterly Census of Employment and Wages found 4,282,851 jobs in New Jersey in 2025, of which 578,055 (13.5%) were in local, state or federal government.

The headquarters belt

These are the 15 largest companies whose latest annual report on Form 10-K gives a New Jersey headquarters, ranked by revenue in that filing.

RankCompanyHeadquartersRevenueFiscal year endedWhat it does
1Johnson & JohnsonNew Brunswick$94.19 billionDec 2025Drugs and medical devices
2MerckRahway$65.01 billionDec 2025Drugs and vaccines
3Prudential FinancialNewark$60.77 billionDec 2025Insurance and retirement
4Bristol Myers SquibbPrinceton$48.19 billionDec 2025Drugs
5PBF EnergyParsippany$29.33 billionDec 2025Oil refining
6ADPRoseland$21.95 billionJun 2026Payroll and HR services
7Becton DickinsonFranklin Lakes$21.84 billionSep 2025Medical technology
8CognizantTeaneck$21.11 billionDec 2025IT services
9KenvueSummit$15.12 billionDec 2025Consumer health products
10PSEGNewark$12.17 billionDec 2025Electric and gas utility
11Avis Budget GroupParsippany$11.65 billionDec 2025Car rental
12Burlington StoresBurlington$11.57 billionJan 2026Off-price retail
13Quest DiagnosticsSecaucus$11.04 billionDec 2025Lab testing
14Campbell'sCamden$9.74 billionAug 2026Packaged food
15ZoetisParsippany$9.47 billionDec 2025Animal health

Johnson & Johnson, Merck, Bristol Myers Squibb, Becton Dickinson, Kenvue and Zoetis together reported $254 billion. Two drug and consumer health companies may not stay independent: Kenvue's shareholders were asked to approve its acquisition by Kimberly-Clark in a December 2025 proxy, and Organon's June 2026 proxy (Jersey City, $6.22 billion in revenue) asks shareholders to approve its acquisition by a Sun Pharmaceutical subsidiary. Anywhere Real Estate, based in Madison, delisted in January 2026 after its acquisition, and Honeywell's filings now give a Charlotte, North Carolina address. Private companies and nonprofit hospital systems don't file 10-Ks, so they can't be ranked this way.

How much the big companies employ in New Jersey

The New Jersey Department of Labor and Workforce Development, the state's labor market information office, studied Fortune 500 companies' New Jersey operations using its unemployment insurance records. Its findings, for the first quarter of 2024:

  • Fortune 500 companies' New Jersey establishments employed 11% of the state's 3.6 million private-sector workers, up from 10% in 2019.
  • They paid 18% of the $83.5 billion in private wages that quarter, up from 16%.
  • Three counties held 29% of the Fortune 500 workforce.

That includes national companies headquartered elsewhere, such as retailers and logistics firms with New Jersey sites. The gap between their 11% share of jobs and 18% share of wages is the headquarters effect: corporate, research and finance roles that pay well above the state average.

What New Jersey businesses do

Sector (NAICS)EstablishmentsEmployeesAverage paySites with 1,000+
Health care and social assistance (62)29,996635,422$64,03959
Retail trade (44 to 45)29,729465,759$39,83910
Administrative and support services (56)14,693395,891$52,65252
Professional, scientific and technical services (54)29,052342,794$114,18322
Accommodation and food services (72)22,712339,307$29,03015
Wholesale trade (42)12,856272,397$116,11518
Transportation and warehousing (48 to 49)9,202237,710$63,19725
Manufacturing (31 to 33)7,018225,095$76,99115
Finance and insurance (52)11,075216,373$144,44330
Construction (23)22,502174,045$85,8133
Management of companies (55)1,366122,744$148,49823
Information (51)3,80288,523$130,1509

Average pay is our calculation: payroll divided by employees. Three patterns stand out. Wholesale trade pays $116,115 on average, well above the all-business average of $74,045. Transportation and warehousing has 25 sites with 1,000 or more workers, a sign of the state's very large distribution centers. And the 1,366 corporate management offices employ 122,744 people. For sector detail, see the reports on New Jersey pharmaceutical companies and New Jersey tech companies.

How to check a New Jersey business

SourceWhat it tells you
Business Name SearchThe Division of Revenue and Enterprise Services' register of businesses, searchable by name or entity ID
Division of Consumer Affairs License VerificationReal-time license status for regulated professions and businesses
New Jersey Chamber of CommerceMember directory and statewide business advocacy
Choose New JerseyThe state's business attraction group, with industry profiles
SEC EDGAR, New Jersey filersAnnual reports for public companies

One New Jersey detail catches people out: some licenses are issued to the business rather than a person. The Division of Consumer Affairs lists home improvement contractors, electrical contractor businesses, accountancy firms and architecture and engineering firms among the business licensees, so when you vet a contractor, search the company's name as well as the individual's.

Prospecting New Jersey businesses

Size sets the buyer. At the 204,709 locations with fewer than 20 employees, the owner decides. At the 27,454 with 20 to 99, an office or operations manager runs most purchases. Above that, the 1,366 management offices often buy for sites in many states, so a New Jersey headquarters can be a national account.

Illustrative example. The company, prices and results are fictional, to show the method.

Turnpike Yard Systems (turnpikeyard.example) sells software that schedules trailers and dock doors at distribution centers.

  1. Count the sites. New Jersey has 399 transportation and warehousing establishments with 100 or more employees and 495 wholesale establishments of that size: 894 in all.
  2. Narrow to fit. It assumes half run their own docks and yard: about 447.
  3. Price it. At $30,000 a site per year, winning 2% a year (9 sites) adds $270,000 in annual revenue.
  4. Find the buyer. The distribution center's general manager feels the problem; corporate supply chain approves anything over budget.

Its checklist for each account before the first email:

  • Which New Jersey sites does the company run, and how many dock doors?
  • Has it opened, expanded or consolidated a facility in the last year?
  • Is the company headquartered in New Jersey (decisions local) or elsewhere (decisions at corporate)?
  • Who manages the site, and who runs supply chain technology at the parent?

Answering those four questions for 447 sites is the slow part; Bebop can search for "New Jersey distribution centers with 100 or more employees that expanded in the last year" and research each account.

Next step: turn these counts into a target list with how to build a prospect list.

Sources

Written by the Bebop team at Blackpearl Group. Published .

Questions people ask

How many businesses are there in New Jersey?

The Census Bureau counted 237,968 business establishments with paid employees in New Jersey in 2023, employing 3,945,019 people with $292.1 billion in annual payroll. That's 2.85% of the US total and the 10th most of any state. The count covers locations with payroll, not companies, so far more entities are registered with the state's Division of Revenue and Enterprise Services.

What are the biggest companies in New Jersey?

By revenue in their latest 10-Ks, the largest companies headquartered in New Jersey are Johnson & Johnson in New Brunswick ($94.2 billion in 2025), Merck in Rahway ($65.0 billion), Prudential Financial in Newark ($60.8 billion), Bristol Myers Squibb in Princeton ($48.2 billion) and PBF Energy in Parsippany ($29.3 billion). ADP, Becton Dickinson, Cognizant, Kenvue and PSEG complete the top ten.

How do I look up a business in New Jersey?

Use the state's Business Name Search, run by the Division of Revenue and Enterprise Services, to find registered businesses by name or entity ID. For licensed trades and professions, use the Division of Consumer Affairs License Verification system; some licenses, such as home improvement contractor registrations, are issued in the business's name. Public companies' annual reports are on SEC EDGAR.

What are the main industries in New Jersey?

By employment, health care and social assistance (635,422 employees in 2023), retail (465,759) and administrative and support services (395,891) are the largest sectors, according to County Business Patterns. By pay and headquarters, pharmaceuticals, medical technology, finance and logistics stand out: corporate management offices average $148,498 a year and finance and insurance $144,443.

How many Fortune 500 companies are in New Jersey?

Fortune publishes its own count, so check its site for the current number. By revenue in their 10-Ks, 15 New Jersey headquarters reported more than $9 billion each, led by Johnson & Johnson, Merck and Prudential. The state labor department found that Fortune 500 companies' New Jersey sites, including those headquartered elsewhere, employed 11% of the state's private workforce in early 2024.

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