Data on Asian businesses that are women-Owned

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Data on Asian businesses that are women-Owned

Asian and Islander that is pacific( ladies business owners continue steadily to make sizable gains in the us. Based on the Center for Women’s company analysis’s “Asian and Pacific Islander Women-Owned Businesses in the usa, 2002: an undeniable fact Sheet, ” there is a 45% boost in how many companies Asian and Pacific Islander ladies possess between 1997 and 2002. An approximated 358,503 majority-owned, privately held businesses owned by Asian and Pacific Islander feamales in america had been also reported, accounting for $49.1 billion in product product sales, and using significantly more than 370,000 individuals.

Other styles in development among API women-owned organizations between 1997 and 2002 include:

  • The amount of employees doing work for Asian and Pacific Islander women-owned businesses when you look at the U.S. Increased by 18per cent, and product product sales rose by 29%.
  • Around one-third (30%) of all of the minority women-owned organizations into the U.S. Are owned by Asian or islanders that are pacific.
  • Asian and Islander that is pacific women-owned represent 6% of most privately-held, majority-owned women-owned companies in the usa. Asian and Pacific Islander females business owners additionally account fully for 10% associated with total work of women-owned organizations, and 9% of product sales.
  • API ladies companies may also be almost certainly going to have workers than are also women-owned companies. Almost one-fourth (23%) of Asian and Pacific-Islander firms that are women-owned at minimum anyone aside from the dog owner, when compared with 16percent of women-owned firms general.
  • Over one-third (36%) of most organizations owned by people of Asian US lineage are owned by females; Asian women-owned companies use 30% of this employees in Asian-owned organizations and generate 26% for the product sales.
  • The 10 states using the number that is greatest of Asian and Pacific Islander women-owned businesses (in line with the wide range of organizations, work and product product product sales) are: Ca, nyc, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. These states additionally account fully for over 75% of the many API women-owned organizations in the U.S.
  • At the time of 2002, the 10 states aided by the growth that is fastest within the range Asian and Pacific Islander women-owned businesses had been: Maine; Tennessee; Montana; Oklahoma; Kentucky; western Virginia; Wyoming; Vermont; Alabama; Idaho.
  • The solution sector (52%) is the reason over 1 / 2 of the companies API women very own. Around 15.2% have been in the retail trade, while an believed 10% come in Finance/Insurance/Real Estate, Transportation/Communications/Utilities, and Wholesale trades.
  • The states where Asian and Pacific Islander women-owned businesses comprise the share that is greatest of all of the women-owned organizations are: Hawaii (55%), Ca (14%), ny (11%), Virginia (9%), Nevada, nj-new jersey, Maryland and Washington (tied – 8%), and Texas, Georgia, Alaska therefore the District of Columbia (tied – 6%).
  • Non-traditional companies carry on being areas using the best development prices for Asian and Pacific Islander women-owned businesses. Businesses into the agriculture/forestry/fishing sector expanded by 70%, and people in transportation/communications/utilities increased by 56%.

*The U.S. Bureau regarding the Census separated Asian and islanders that are pacific United states Indian and Alaskan Natives within their “1997 Survey of Minority-Owned Business Enterprises. ” Both groups were combined into one category in previous surveys.

Ethnic teams contained in the Asian/Other U.S. Census Bureau data are: Chinese (28%), Asian Indian (18%), Korean (15%), Vietnamese (11%), Japanese (9.4%), Filipino (9.3%), Other Asian (8%), and Hawaiian/Pacific Islander (2%).

Quantity, Employment, product Sales anChange that is percent among Women Owned businesses by Industry: 1997 to 2002

1997(1) 2002(2) improvement in percent
Total United States
Number of Firms 247,966 358,503 44.8
Employment 313,303 370,101 18.0
Product Sales ($000) 38,100,700 49,068,703 20.0
Agriculture
Number of companies 1,878 2,858 70.3
Employment 1,750 3,759 114.8
Product Product Sales ($000) 133,715 259,107 93.8
Mining
amount of organizations 140 129 -8.2
Employment D D D
product Sales ($000) D D D
Construction
Number of companies 2,972 3,418 15.0
Employment 4,822 3,127 -32.3
Product Product Sales ($000) 711,228 562,784 -20.9
Manufacturing
Number of companies 6,240 6,774 8.6
Employment 37,730 41,128 D
Sales ($000) 2,443,344 2,510,094 2.7
TCPU(3)
Number of organizations 5,628 8,803 56.4
Employment 7,578 18,400 142.8
Product Product Sales ($000) 757,811 1,296,468 71.1
Wholesale Trade
Number of companies 8,185 9,963 21.7
Employment 24,275 31,041 27.9
Product Sales ($000) 11,019,906 13,022,510 18.2
Retail Trade
Number of Firms 48,089 54,370 13.1
Employment 107,776 128,815 19.5
Product Product Product Sales ($000) 9,318,712 11,504,824 23.5
FIRE(4)
wide range of businesses 18,757 17,171 -8.5
Employment 5,600 1,975 -64.7
Product Sales ($000) 1,362,952 729,524 -46.5
Services
amount of organizations 133,721 185,314 38.6
Employment 119,079 121,897 2.4
Product Sales ($000) 11,106,181 14,333,170 29.1

Supply: nationwide Foundation for females companies, utilizing posted information by the U.S. Bureau associated with the Census.

  • Estimate of 1997 totals excluding C corporations and 50% woman-owned companies, utilizing 1992 ratios.
  • Estimate of 2002 totals making use of 1997 ratios.
  • Transportation, Communications and Utilities.
  • Finance, Insurance and Property
  • States utilizing the Greatest range Asian and Pacific Islander Women businesses that are owned 1997 to 2002

    State Number of companies Employment product product product Sales ($000) Ranking by Number of Firms
    US Total 358,503 787,200 $49,069,703
    California 103,778 133,775 $19,077,756 1
    New York 48,262 20,692 $ 3,287,276 2
    Texas 27,611 23,027 $ 3,527,111 3
    Florida 14,303 7,685 $ 1,102,787 4
    Hawaii 14,071 17,353 $ 1,908,448 5
    nj-new jersey 13,994 31,845 $ 4,492,572 6
    Virginia 12,827 9,336 $ 865,154 7
    Illinois 11 sexsearch,557 18,829 $ 1,940,570 8
    Washington 11,324 8,140 $ 1,012,916 9
    Georgia 11,224 5,331 $ 795,263 10

    Top States with all the Fastest development prices within the Number of Asian and Pacific Islander Women businesses that are owned 1997 to 2002

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