Data on Asian Women-Owned Organizations

Asian and Islander that is pacific( ladies business owners continue to make sizable gains in the usa. In line with the Center for females’s company Research’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 amount of organizations Asian and Pacific Islander ladies possess between 1997 and 2002. An believed 358,503 majority-owned, privately held companies owned by pacific and asian Islander feamales in the usa were also reported, accounting for $49.1 billion in product product sales, and using significantly more than 370,000 people.

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

  • How many employees working 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 most minority women-owned companies into the U.S. Are owned by Asian or Pacific Islanders.
  • 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 females https://brightbrides.net/review/asiandating business people additionally take into account 10% regarding the total work of women-owned companies, and 9% of product sales.
  • API females companies will also be very likely 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 one individual apart from the master, in comparison to 16percent of women-owned firms general.
  • Over one-third (36%) of all of the organizations owned by individuals of Asian descent that is american owned by females; Asian women-owned organizations use 30% of this employees in Asian-owned businesses and generate 26% regarding the product product sales.
  • The 10 states using the best quantity of Asian and Pacific Islander women-owned businesses (on the basis of the quantity of organizations, work and product product sales) are: Ca, New York, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. These states additionally account fully for 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 amount of Asian and Pacific Islander women-owned businesses had been: Maine; Tennessee; Montana; Oklahoma; Kentucky; western Virginia; Wyoming; Vermont; Alabama; Idaho.
  • The service sector (52%) is the reason over 1 / 2 of the continuing companies API women very own. Roughly 15.2% come in the trade that is retail while an approximated 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 most 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 in addition to District of Columbia (tied – 6%).
  • Non-traditional companies keep on being areas using the best growth rates for Asian and Pacific Islander women-owned businesses. Organizations into the agriculture/forestry/fishing sector expanded by 70%, and people in transportation/communications/utilities increased by 56%.

*The U.S. Bureau for 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.

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 product Sales anChange that is percent among Women Owned Firms 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 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 Sales ($000) 133,715 259,107 93.8
Mining
range Firms 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 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 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 Sales ($000) 9,318,712 11,504,824 23.5
FIRE(4)
wide range of organizations 18,757 17,171 -8.5
Employment 5,600 1,975 -64.7
Product 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

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

  • Estimate of 1997 totals excluding C corporations and 50% woman-owned organizations, utilizing 1992 ratios.
  • Estimate of 2002 totals making use of 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 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 utilizing the Fastest development prices into the Number of Asian and Pacific Islander Women Owned companies, 1997 to 2002