Asian and Pacific Islander (API)* females business owners continue to make sizable gains in the us. In accordance with the Center for females’s company analysis’s “Asian and Islander that is pacific Women-Owned in america, 2002: an undeniable fact Sheet, ” there was clearly a 45% escalation in how many companies Asian and Pacific Islander ladies have between 1997 and 2002. A calculated 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 a lot more than 370,000 individuals.
Other styles in growth among API businesses that are women-owned 1997 and 2002 include:
- How many workers employed by 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%.
- About one-third (30%) of all of the minority women-owned companies when you look at the U.S. Are owned by Asian or Pacific Islanders.
- Asian and Islander that is pacific women-owned represent 6% of all of the privately-held, majority-owned women-owned businesses in the us. Asian and Pacific Islander females business people additionally take into account 10% associated with employment that is total of companies, and 9% of product product sales.
- API females business owners will also be more prone to have workers than are also women-owned businesses. Nearly 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 people of Asian US lineage are owned by ladies; Asian women-owned organizations use 30% of this employees in Asian-owned companies and generate 26% associated with product sales.
- The 10 states with all the best quantity of Asian and Pacific Islander women-owned businesses (on the basis of 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 take into account over 75% of all API women-owned businesses in the U.S.
- At the time of 2002, the 10 states using the growth that is fastest within the wide range of Asian and Pacific Islander women-owned businesses were: Maine; Tennessee; Montana; Oklahoma; Kentucky; West Virginia; Wyoming; Vermont; Alabama; Idaho.
- The solution sector (52%) makes up over 1 / 2 of the continuing companies API women very own. About 15.2% come in the retail trade, 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 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 and also the District of Columbia (tied – 6%).
- Non-traditional industries continue being areas utilizing the best development rates for Asian and Pacific Islander women-owned businesses. Companies within the agriculture/forestry/fishing sector expanded by 70%, and people in transportation/communications/utilities increased by 56%.
*The U.S. Bureau associated with the Census separated Asian and islanders https://brightbrides.net/review/indonesian-cupid that are pacific United states Indian and Alaskan Natives within their “1997 Survey of Minority-Owned Business Enterprises. ” In previous studies, both groups had been 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%).
Quantity, Employment, 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 |
| 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 Sales ($000) | 133,715 | 259,107 | 93.8 |
| Mining | |||
| amount of organizations | 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 Product 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 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 | |||
| 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 associated with Census.
States using the Greatest range Asian and Pacific Islander Women businesses that are owned 1997 to 2002
| State | Number of companies | Employment | 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 ten States utilizing the Fastest development prices within the Number of Asian and Pacific Islander Women businesses that are owned 1997 to 2002
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