Asian and Islander that is pacific( ladies business owners continue to make sizable gains in the us. In line with the Center for ladies’s company analysis’s “Asian and Pacific Islander Women-Owned Businesses in america, 2002: a well known fact Sheet, ” there was clearly a 45% escalation in how many companies Asian and Pacific Islander women possess between 1997 and 2002. A projected 358,503 majority-owned, privately held businesses owned by pacific and asian Islander feamales in the usa had been also reported, accounting for $49.1 billion in product sales, and using a lot more than 370,000 people.
Other styles in development among API women-owned organizations between 1997 and 2002 include:
- The amount of employees doing work for Asian and Islander that is pacific women-owned in the U.S. Increased by 18per cent, and product product https://brightbrides.net/review/blackcupid sales rose by 29%.
- Around one-third (30%) of all of the minority women-owned organizations 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 most privately-held, majority-owned women-owned companies in the us. Asian and Pacific Islander females business people additionally take into account 10% regarding the total work of women-owned organizations, and 9% of sales.
- API ladies companies may also be very likely 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 one individual aside from the dog owner, when compared with 16% of women-owned firms general.
- Over one-third (36%) of all of the companies owned by individuals of Asian US lineage are owned by ladies; Asian women-owned businesses use 30% for the employees in Asian-owned businesses and generate 26% regarding the product product sales.
- The 10 states utilizing the number that is greatest of Asian and Pacific Islander women-owned businesses (in line with the wide range of businesses, work and product sales) are: Ca, ny, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. These states also account fully for over 75% of all API women-owned organizations in the U.S.
- At the time of 2002, the 10 states aided by the growth that is fastest within the quantity of Asian and Pacific Islander women-owned businesses were: Maine; Tennessee; Montana; Oklahoma; Kentucky; western Virginia; Wyoming; Vermont; Alabama; Idaho.
- The solution sector (52%) makes up over 1 / 2 of the companies API women very very own. Around 15.2% have been in the trade that is retail while a projected 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%), California (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 carry on being areas with all the best growth prices 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 of this 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 had been combined into one category.
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 Sales anPercent Change Among Asian Women Owned Firms 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 Product Product Sales ($000) | 133,715 | 259,107 | 93.8 |
| Mining | |||
| amount of organizations | 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 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 |
| Sales ($000) | 757,811 | 1,296,468 | 71.1 |
| Wholesale Trade | |||
| Number of Firms | 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 |
| Sales ($000) | 9,318,712 | 11,504,824 | 23.5 |
| FIRE(4) | |||
| amount of organizations | 18,757 | 17,171 | -8.5 |
| Employment | 5,600 | 1,975 | -64.7 |
| Sales ($000) | 1,362,952 | 729,524 | -46.5 |
| Services | |||
| quantity 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: National Foundation for ladies companies, utilizing posted information by the U.S. Bureau associated with the Census.
States aided by the Greatest range Asian and Pacific Islander Women Owned organizations, 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 States utilizing the Fastest development prices when you look at the Number of Asian and Pacific Islander Women Owned organizations, 1997 to 2002
