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

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

• The amount of employees employed by Asian and Pacific Islander women-owned businesses within the U.S. Increased by 18per cent, and product product sales rose by 29%.
• Roughly one-third (30%) of all of the minority women-owned businesses into the U.S. Are owned by Asian or Pacific Islanders.
• Asian and Pacific Islander women-owned businesses represent 6% of most privately-held, majority-owned women-owned organizations in america. Asian and Pacific Islander ladies business people additionally account fully for 10% regarding the employment that is total of companies, and 9% of product product sales.
• API females business people will also be prone to have workers than are also women-owned businesses. Almost one-fourth (23%) of Asian and Pacific-Islander firms that are women-owned at minimum one individual apart from the master, when compared with 16percent of women-owned firms general.
• Over one-third (36%) of most companies owned by individuals of Asian descent that is american owned by females; Asian women-owned businesses employ 30% regarding the employees in Asian-owned businesses and generate 26% associated with the product sales.
• The 10 states aided by the number that is greatest of Asian and Pacific Islander women-owned firms (in line with the amount of companies, work and product product sales) are: Ca, ny, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. Read More