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23 aprile 2020Asian and Pacific Islander (API)* females business owners continue steadily to make sizable gains in the us. In accordance with the Center for ladies’s company analysis’s “Asian and Islander that is pacific Women-Owned in the usa, 2002: a well known fact Sheet, ” there was clearly a 45% escalation in how many businesses Asian and Pacific Islander ladies possess between 1997 and 2002. A believed 358,503 majority-owned, privately held companies owned by Asian and Pacific Islander feamales in the usa had been also reported, accounting for $49.1 billion in product product sales, and using significantly more than 370,000 individuals.
Other styles in development among API women-owned organizations between 1997 and 2002 include:
- How many workers doing work for Asian and Islander that is pacific women-owned in the U.S. Increased by 18per cent, and product product sales rose by 29%.
- Around one-third (30%) of all of the minority women-owned organizations within 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 ladies business people additionally account fully for 10% for the employment that is total of companies, and 9% of product sales.
- API ladies business people will also be almost certainly going to have workers than are also firms that are women-owned. Nearly one-fourth (23%) of Asian and Pacific-Islander firms that are women-owned at minimum someone apart from the dog owner, when compared with 16% of women-owned firms general.
- Over one-third (36%) of most organizations owned by individuals of Asian descent that is american owned by women; Asian women-owned companies use 30% regarding the workers in Asian-owned organizations and generate 26% for the product product sales.
- The 10 states using the number that is greatest of Asian and Pacific Islander women-owned businesses (in line with the wide range of organizations, work and sales) are: Ca, nyc, Texas, Florida, Hawaii, nj-new jersey, Virginia, Illinois, Washington and Georgia. These states additionally take into account over 75% of the many API firms that are women-owned the U.S.
- At the time of 2002, the 10 states utilizing the growth that is fastest within the quantity 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%) makes up over 1 / 2 of the continuing companies API women very very own. About 15.2% come in the retail trade, while a believed 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 businesses are: Hawaii (55%), Ca (14%), ny (11%), Virginia (9%), Nevada, nj-new jersey, Maryland and Washington (tied – 8%), and Texas, Georgia, Alaska as well as the District of Columbia (tied – 6%).
- Non-traditional companies continue being the areas using the best development prices for Asian and Pacific Islander women-owned businesses. Companies into 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 within their “1997 Survey of Minority-Owned Business Enterprises. ” Both groups were combined into one category in previous surveys.
Cultural teams contained in the Asian/Other U.S. Census Bureau 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, Sales anChange that is percent among Women Owned businesses by Industry: 1997 to 2002
| 1997(1) | 2002(2) | Change in percent | |
|---|---|---|---|
| Total United States | |||
| Number of Firms | 247,966 | 358,503 | 44.8 |
| Employment | 313,303 | 370,101 | 18.0 |
| 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 https://brightbrides.net/review/indonesian-cupid ($000) | 133,715 | 259,107 | 93.8 |
| Mining | |||
| range 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 Product Sales ($000) | 711,228 | 562,784 | -20.9 |
| Manufacturing | |||
| Number of Firms | 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 Firms | 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 Firms | 8,185 | 9,963 | 21.7 |
| Employment | 24,275 | 31,041 | 27.9 |
| Product 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) | |||
| amount of organizations | 18,757 | 17,171 | -8.5 |
| Employment | 5,600 | 1,975 | -64.7 |
| Product Product Sales ($000) | 1,362,952 | 729,524 | -46.5 |
| Services | |||
| amount of Firms | 133,721 | 185,314 | 38.6 |
| Employment | 119,079 | 121,897 | 2.4 |
| Product Sales ($000) | 11,106,181 | 14,333,170 | 29.1 |
Supply: nationwide Foundation for ladies companies, utilizing posted information because of the U.S. Bureau associated with the Census.
States using the Greatest range Asian and Pacific Islander Women businesses that are owned 1997 to 2002
| State | Number of Firms | Employment | product 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 using the Fastest development Rates into the Number of Asian and Pacific Islander Women Owned companies, 1997 to 2002