Asian-Owned Businesses

In 2007 there were 9,752 Asian-owned firms in Missouri, up from 6,376 in 2002, according to data from the U.S. Census Bureau's 2007 Survey of Business Owners. This represented a 53.3 percent increase over the 5-year period. Asian-owned firms accounted for nearly $3.7 billion in sales during 2007.

In the U.S., there were 1.55 million Asian-owned firms in 2007, up 40.7 percent from 2002. Sales and receipts from Asian-owned firms totaled $506.0 billion in 2007. Asian-owned firms made up 5.7 percent of all firms and 1.7 percent of all sales and receipts in the U.S.

States with the largest number of Asian-owned businesses were California (508,969), New York (196,825), Texas (114,297), New Jersey (67,755), and Florida (64,931). In addition, California also had the largest gross sales from Asian-owned firms. Missouri ranked 25th among the states in the total number of Asian-owned firms.


States With the Largest Number of
Asian-Owned Firms in 2007
Rank Area Asian-Owned Firms Receipts ($1,000) Percent of US Total
*** United States 1,549,559 $506,047,751 ****
1 California 508,969 $181,251,058 32.85%
2 New York 196,825 $50,482,681 12.70%
3 Texas 114,297 $40,209,344 7.38%
4 New Jersey 67,755 $29,919,083 4.37%
5 Florida 64,931 $17,340,193 4.19%
6 Illinois 59,367 $18,485,950 3.83%
7 Georgia 46,222 $14,619,538 2.98%
8 Virginia 44,576 $13,235,580 2.88%
9 Hawaii 56,872 $18,154,362 3.67%
10 Washington 37,373 $12,340,664 2.41%
25 Missouri 9,752 $3,649,953 0.63%


California, New York, Texas, New Jersey, Florida, Illinois and Hawaii have more than 50,000 Asian-owned businesses. Twenty states had fewer than 5,000 Asian-owned firms in 2007.

Map of United States Number of Asian-Owned Firms

States with the highest percentage of Asian-owned businesses, as a percent of all firms, were located mostly on the east and west coasts of the United States. States with the largest percentage of Asian-owned businesses were Hawaii (47.2 percent), California (14.9 percent), New York (10.1 percent) and New Jersey (8.7 percent). In Missouri, Asians owned 1.9 percent of all firms in 2007, up from 1.7 percent of all firms in 2002.

States with the Highest Percentage of
Asian-Owned Firms in 2007
Rank Area All Firms Asian Firms Asian-Owned Firms as a Percent of All Firms Asian Receipts ($1,000)
**** United States 27,092,908 1,549,559 5.7% $506,047,751
1 Hawaii 120,374 56,872 47.2% $18,154,362
2 California 3,425,510 508,969 14.9% $181,251,058
3 New York 1,956,733 196,825 10.1% $50,482,681
4 New Jersey 781,622 67,755 8.7% $29,919,083
5 Nevada 221,260 17,542 7.9% $3,848,621
6 Virginia 638,643 44,576 7.0% $13,235,580
7 Maryland 528,112 35,881 6.8% $11,320,071
8 Washington 551,340 37,373 6.8% $12,340,664
9 District of Columbia 55,887 3,278 5.9% $1,836,669
10 Illinois 1,123,817 59,367 5.3% $18,485,950
10 Texas 2,164,852 114,297 5.3% $40,209,344
32 Missouri 501,064 9,752 1.9% $3,649,953

 

US Map of Percent of State's Asian-Owned Firms

Source: U.S. Census Bureau, Survey of Business Owners, 2007

For more information on Asian-owned Businesses see: Asian-Owned County and Industry.

Updated February 2012.



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