In 2007, there were 9,752 Asian-owned businesses in Missouri, accounting for 1.95 percent of all firms statewide. (There were a total of 501,064 businesses in the Show-Me State in 2007.) Between 2002 and 2007, there was a 52.9 percent increase in Asian-owned firms and a 83.5 percent increase in gross sales and receipts by these firms. More than 65 percent of the businesses were located in St. Louis or Kansas City Metro areas.
In terms of total sales and receipts, the largest grossing areas are St. Louis County, Jackson County and St. Louis City. Although Jackson County has fewer Asian-owned businesses than St. Louis City, sales and receipts of Asian-owned businesses in Jackson County are significantly above that of St. Louis City. This indicates that the area's fewer firms generate a larger economic impact.
Asian-owned businesses are concentrated in the Kansas City area and St. Louis Metropolitan Statistical Areas (MSAs) with six of the seven counties located in those MSA's. The counties with the most Asian-owned businesses are St. Louis County (34.4 percent), St. Louis City (12.4 percent), and Jackson County (10.8 percent).
|Missouri Asian-Owned Business Percent of Firms by County, 2007|
|Area||All firms||Percent of County Firms||Receipts ($1,000)|
|St. Louis County, MO||3,344||34.3%||$1,635,731|
|St. Louis City, MO||1,214||12.4%||$373,628|
|Jackson County, MO||1,052||10.8%||$532,582|
|St. Charles County, MO||590||6.1%||$89,405|
|Clay County, MO||418||4.3%||$45,928|
|Boone County, MO||359||3.7%||$71,546|
|Platte County, MO||278||2.9%||$97,909|
|Greene County, MO||275||2.8%||$157,532|
|Cole County, MO||122||1.3%||$11,158|
|Buchanan County, MO||114||1.2%||$29,167|
|Taney County, MO||70||0.7%||$13,675|
|Lawrence County, MO||45||0.5%||$1,964|
|Vernon County, MO||30||0.3%||$4,969|
|Adair County, MO||29||0.3%||$1,505|
|Franklin County, MO||28||0.3%||$19,685|
|All other counties||1,784||18.3%||$563,569|
Percentage of Counties Firms
The counties with the highest percentageof the county's firms being Asian-owned were led by St. Louis City with 5.14 percent followed by St. Louis County (3.64 percent), Platte (3.17 percent), Boone County (2.45 percent) and Clay County (2.34 percent).
Most Asian-owned businesses in Missouri are concentrated in other services (28.3 percent) followed by accommodation and food services (17.0 percent). Other significant sectors include retail trade (10.1 percent), health care and social assistance (10.0 percent) and professional, scientific and technical services (9.5 percent). In terms of total sales and receipts, however, the largest grossing industry was wholesale trade, grossing over $1.2 billion in sales and receipts but only accounting for only 1.8 percent of the Asian-owned businesses in Missouri.
2007 Missouri Asian-owned Businesses by Industry
|NAICS||Industry||Number of Firms||Receipts||Percentage of Firms|
|0||Total for all sectors||9,752||$3,649,953||******|
|11||Agriculture, forestry, fishing and hunting||S||S||S|
|21||Mining, quarrying, and oil and gas extraction||6||$5,215||0.1%|
|48-49||Transportation and warehousing||S||S||S|
|52||Finance and insurance||138||$14,468||1.4%|
|53||Real estate and rental and leasing||757||$70,867||7.8%|
|54||Professional, scientific, and technical services||923||$252,675||9.5%|
|55||Management of companies and enterprises||0||$0||0.0%|
|56||Administrative and Support and Waste Mang and Remediation Srvs||271||$39,039||2.8%|
|62||Health care and social assistance||978||$287,791||10.0%|
|71||Arts, entertainment, and recreation||191||$4,326||2.0%|
|72||Accommodation and food services||1,659||$578,776||17.0%|
|81||Other services (except public administration)||2,756||$137,233||28.3%|
|99||Industries not classified||S||S||S|
|S - Data suppressed to avoid disclosing data for individual companies|
Census data further reveals that most owners of Asian businesses in Missouri describe themselves as of Chinese, Vietnamese, and Asian Indian descent*, in that order. Business owners who classified themselves as being of Asian Indian descent had highest average sales and receipts.
|Asian Firms by Ethnic Group, 2007|
|Race||Total Firms||Receipts ($1,000)||Percent of Missouri Asian Firms|
|Total Asian||9,752||$ 3,649,953||******|
|Asian Indian||2,031||$ 1,143,559||20.8%|
|Other Asian||1,267||$ 377,733||13.0%|
**Totals do not add up in table because an Asian firm owner may be of any race. Each owner had the option of selecting more than one race and therefore may be included in more than one race.
For more information on Asian-owned Businesses see: Asian-Owned Businesses in Missouri by State.
Updated February 2012.