Data on Asian businesses that are women-Owned

Asian and Pacific Islander (API)* women entrepreneurs continue steadily to make sizable gains in america. Based on the Center for females’s company analysis’s « Asian and Islander that is pacific Women-Owned in the usa, 2002: a well known fact Sheet,  » there is a 45% upsurge in the sheer number of businesses Asian and Pacific Islander ladies possess between 1997 and 2002. An approximated 358,503 majority-owned, privately held companies owned by pacific and asian Islander feamales in the usa had been also reported, accounting for $49.1 billion in product product sales, and using a lot more than 370,000 individuals.

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

  • How many workers employed by Asian and Pacific Islander women-owned businesses into the U.S. Increased by 18per cent, and product product sales rose by 29%.
  • Roughly one-third (30%) of most minority women-owned businesses when you look at 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 organizations in the us. Asian and Pacific Islander ladies business owners additionally take into account 10% associated with the total work of women-owned organizations, and 9% of product sales.
  • API females business people are almost certainly going to have workers than are also firms that are women-owned. Almost one-fourth (23%) of Asian and Pacific-Islander firms that are women-owned at minimum anyone apart from the dog owner, when compared with 16percent of women-owned firms general.
  • Over one-third (36%) of all of the companies owned by individuals of Asian descent that is american owned by ladies; Asian women-owned companies use 30% regarding the employees in Asian-owned businesses and generate 26% for the product sales.
  • The 10 states aided by the number that is greatest of Asian and Pacific Islander women-owned businesses (on the basis of the range businesses, work and product product sales) are: Ca, New York, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. These states additionally take into account over 75% of all API firms that are women-owned the U.S.
  • At the time of 2002, the 10 states with all the quickest development into the wide range of Asian and Pacific Islander women-owned firms had been: Maine; Tennessee; Montana; Oklahoma; Kentucky; western Virginia; Wyoming; Vermont; Alabama; Idaho.
  • The service sector (52%) makes up over 1 / 2 of the companies API women very own. Roughly 15.2% come in the trade that is retail while a projected 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 most women-owned businesses are: Hawaii (55%), California (14%), ny (11%), Virginia (9%), Nevada, nj-new jersey, Maryland and Washington (tied – 8%), and Texas, Georgia, Alaska together with District of Columbia (tied – 6%).
  • Non-traditional companies carry on being areas because of the growth rates that are greatest for Asian and Pacific Islander women-owned businesses. Companies within the agriculture/forestry/fishing sector expanded by 70%, and the ones in transportation/communications/utilities increased by 56%.

*The U.S. Bureau associated with the Census separated Asian and Pacific Islanders from United states Indian and Alaskan Natives inside their « 1997 Survey of Minority-Owned Business Enterprises.  » In past studies, both teams had been combined into one category.

Cultural teams within 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 an% Change Among Asian Women Owned businesses by Industry: 1997 to 2002

1997(1) 2002(2) improvement in %
Total US
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
Sales ($000) 133,715 259,107 93.8
Mining
amount of companies 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
Sales ($000) 711,228 562,784 -20.9
Manufacturing
Number of Firms 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 Product Sales ($000) 11,019,906 13,022,510 18.2
Retail Trade
Number of Firms 48 oasis active,089 54,370 13.1
Employment 107,776 128,815 19.5
Product Product Sales ($000) 9,318,712 11,504,824 23.5
FIRE(4)
quantity of organizations 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
Sales ($000) 11,106,181 14,333,170 29.1

Supply: nationwide Foundation for females companies, utilizing posted information because of the U.S. Bureau of this Census.

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

    State Number of companies Employment 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 11,557 18,829 $ 1,940,570 8
    Washington 11,324 8,140 $ 1,012,916 9
    Georgia 11,224 5,331 $ 795,263 10

    Top ten States because of the Fastest development prices into the Number of Asian and Pacific Islander Women businesses that are owned 1997 to 2002

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