Data on Asian Women-Owned Organizations
Asian and Islander that is pacific( females business owners continue steadily to make sizable gains in the us. Based on the Center for ladies’s company analysis’s “Asian and Pacific Islander Women-Owned Businesses in america, 2002: an undeniable fact Sheet, ” there is a 45% boost in the sheer number of businesses Asian and Pacific Islander ladies possess between 1997 and 2002. A predicted indonesian cupid 358,503 majority-owned, privately held organizations owned by Asian and Pacific Islander feamales in the usa had been also reported, accounting for $49.1 billion in product product sales, and employing a lot more than 370,000 individuals.
Other styles in development among API businesses that are women-owned 1997 and 2002 include:
- The amount of employees doing work for Asian and Pacific Islander women-owned businesses within the U.S. Increased by 18per cent, and product sales rose by 29%.
- Around one-third (30%) of all of the minority women-owned companies within the U.S. Are owned by Asian or Pacific Islanders.
- Asian and Pacific Islander women-owned businesses represent 6% of all of the privately-held, majority-owned women-owned companies in america. Asian and Pacific Islander ladies business people additionally take into account 10% associated with the total work of women-owned businesses, and 9% of product sales.
- API ladies business people will also be prone to have workers than are also firms that are women-owned. Almost one-fourth (23%) of Asian and Pacific-Islander women-owned organizations worker at minimum anyone aside from the master, in comparison to 16percent of women-owned firms overall.
- Over one-third (36%) of all of the organizations owned by people of Asian US descent are owned by women; Asian women-owned organizations use 30% associated with the employees in Asian-owned businesses and generate 26% regarding the product product sales.
- The 10 states aided by the number that is greatest of Asian and Pacific Islander women-owned businesses (in line with the wide range of organizations, work and product sales) are: Ca, ny, 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 aided by the growth that is fastest when you look at the amount of 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 very own. Roughly 15.2% have been in the retail trade, while a calculated 10% have been 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 additionally the District of Columbia (tied – 6%).
- Non-traditional industries remain areas because of 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 the ones 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.
Cultural teams contained in the U.S. That is asian/Other Census 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 an Change Among Asian 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 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 Product Product Sales ($000) | 133,715 | 259,107 | 93.8 |
| Mining | |||
| range organizations | 140 | 129 | -8.2 |
| Employment | D | D | D |
| product 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 |
| Product Product Sales ($000) | 9,318,712 | 11,504,824 | 23.5 |
| FIRE(4) | |||
| wide range 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 | |||
| amount of organizations | 133,721 | 185,314 | 38.6 |
| Employment | 119,079 | 121,897 | 2.4 |
| Product Product Sales ($000) | 11,106,181 | 14,333,170 | 29.1 |
Supply: nationwide Foundation for females companies, making use of posted information by the U.S. Bureau regarding the Census.
States using the Greatest Number of 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 aided by the Fastest development prices within the Number of Asian and Pacific Islander Women businesses that are owned 1997 to 2002
