Data on Asian Women-Owned Companies

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Data on Asian Women-Owned Companies

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

Other trends in development among API businesses that are women-owned 1997 and 2002 include:

  • The amount of employees doing work for Asian and Islander that is pacific women-owned when you look at the U.S. Increased by 18per cent, and product sales rose by 29%.
  • Around one-third (30%) of most minority women-owned companies 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 organizations in the usa. Asian and Pacific Islander females business people additionally take into account 10% for the employment that is total of organizations, and 9% of product sales.
  • API ladies companies may also be very likely 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 one individual except that the dog owner, in comparison to 16percent of women-owned firms overall.
  • Over one-third (36%) of most organizations owned by people of Asian US lineage are owned by ladies; Asian women-owned organizations use 30% for the workers in Asian-owned businesses and generate 26% associated with the product product sales.
  • The 10 states aided by the best number of Asian and Pacific Islander women-owned businesses (on the basis of the amount of businesses, work and sales) are: Ca, ny, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. These states additionally take into account over 75% of all API women-owned companies in the U.S.
  • At the time of 2002, the 10 states because of the quickest development when you look at the amount of Asian and Pacific Islander women-owned businesses were: Maine; Tennessee; Montana; Oklahoma; Kentucky; western Virginia; Wyoming; Vermont; Alabama; Idaho.
  • The solution sector (52%) is the reason over 1 / 2 of the continuing companies API women very very own. Around 15.2% come in the retail trade, while a predicted 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 best share of all of the women-owned companies 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 growth rates that are greatest for Asian and Pacific Islander women-owned businesses. Organizations when you look at the agriculture/forestry/fishing sector expanded by 70%, and people in transportation/communications/utilities increased by 56%.

*The U.S. Bureau of this 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.

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

1997(1) 2002(2) improvement in percent
Total US
Number of Firms 247,966 358,503 44.8
Employment 313,303 370,101 18.0
Product Product Sales ($000) 38,100,700 49,068,703 20.0
Agriculture
Number of Firms 1,878 2,858 70.3
Employment 1,750 3,759 114.8
Product Sales ($000) 133,715 259,107 93.8
Mining
amount of http://brightbrides.net/review/ukrainedate/ companies 140 129 -8.2
Employment D D D
product 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 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
Sales ($000) 9,318,712 11,504,824 23.5
FIRE(4)
quantity of companies 18,757 17,171 -8.5
Employment 5,600 1,975 -64.7
Product Sales ($000) 1,362,952 729,524 -46.5
Services
quantity 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, making use of posted information because of the U.S. Bureau regarding the Census.

  • Estimate of 1997 totals excluding C corporations and 50% woman-owned businesses, utilizing 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 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 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 States with all the Fastest development prices when you look at the Number of Asian and Pacific Islander Women Owned organizations, 1997 to 2002