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. These states additionally account fully for over 75% of all of the API firms that are women-owned the U.S.
- At the time of 2002, the 10 states because of the growth that is fastest into the wide range 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 continuing companies API women very very own. Around 15.2% have been 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 share that is greatest 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 plus the District of Columbia (tied – 6%).
- Non-traditional companies continue being areas aided by the growth rates that are greatest for Asian and Pacific Islander women-owned businesses. Organizations within the agriculture/forestry/fishing sector expanded by 70%, and the ones in transportation/communications/utilities increased by 56%.
*The U.S. Bureau for 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 were combined into one category.
Cultural teams within 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%). company site
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 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 | |||
| 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 |
| Product 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 |
| 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) | |||
| quantity of businesses | 18,757 | 17,171 | -8.5 |
| Employment | 5,600 | 1,975 | -64.7 |
| Product Sales ($000) | 1,362,952 | 729,524 | -46.5 |
| Services | |||
| Number 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 |
Source: nationwide Foundation for ladies companies, utilizing posted information because of the U.S. Bureau of this Census.
States because of the Greatest range Asian and Pacific Islander Women Owned companies, 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 with all the Fastest development prices when you look at the Number of Asian and Pacific Islander Women businesses that are owned 1997 to 2002
