Asian-Owned Businesses

County and Industry

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.

Receipts 
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.

Counties 
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
Missouri 9,752 100.0% $3,649,953

  

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).

Industry 
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%
22 Utilities 1 S 0.0%
23 Construction 386 $59,152 4.0%
31-33 Manufacturing 86 $102,416 0.9%
42 Wholesale trade 177 $1,208,573 1.8%
44-45 Retail trade 984 $844,742 10.1%
48-49 Transportation and warehousing S S S
51 Information 65 $15,043 0.7%
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%
61 Educational services 192 $11,829 2.0%
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

Ethnic 
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 ******
Chinese 2,541  $     747,833 26.1%
Vietnamese 2,284  $     154,954 23.4%
Asian Indian 2,031  $  1,143,559 20.8%
Other Asian 1,267  $     377,733 13.0%
Korean 974  $     348,346 10.0%
Filipino 569  $        79,825 5.8%
Japanese 267  $     828,013 2.7%

**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.

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

For more information on Asian-owned Businesses see: Asian-Owned Businesses in Missouri by State.

Updated February 2012.



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