In 2007, there were 6,178 Hispanic-owned businesses of the total 501,064 businesses in Missouri, accounting for 1.2 percent of all firms statewide. Between 2002 and 2007, there was a 69.1 percent increase in Hispanic-owned firms and a 91.2 percent increase in gross sales and receipts by these firms. More than 40 percent of the businesses were located in Jackson or St. Louis county.
In terms of total sales and receipts, the largest grossing areas are Jackson County, St. Louis County and St. Louis City. Although St. Louis City has fewer Hispanic-owned businesses than Greene County, sales and receipts of Hispanic-owned businesses in St. Louis City are significantly above that of Greene. This indicates that the area's fewer firms generate a larger economic impact.
Hispanic-owned businesses are concentrated in the Kansas City area and St. Louis Metropolitan Statistical Areas (MSAs) with five of the six counties located in those MSA's. The counties with the most Hispanic-owned businesses are Jackson County (25.9 percent), St. Louis County (16.5 percent), and Greene County (6.0 percent).
|Missouri Hispanic-Owned Business Percent of Firms by County, 2007|
|Area||Number of Firms||Receipts ($1,000)||Percent of County Hispanic Firms|
|Jackson County, MO||1,601||443,825||25.9%|
|St. Louis County, MO||1,020||357,853||16.5%|
|Greene County, MO||371||32,999||6.0%|
|St. Louis city, MO||325||74,894||5.3%|
|St. Charles County, MO||224||34,890||3.6%|
|Platte County, MO||183||33,639||3.0%|
|Jasper County, MO||175||5,164||2.8%|
|Boone County, MO||127||9,205||2.1%|
|Cass County, MO||116||6,899||1.9%|
|Christian County, MO||96||12,891||1.6%|
|Cole County, MO||69||3,372||1.1%|
|Barry County, MO||42||3,370||0.7%|
|Buchanan County, MO||37||11,937||0.6%|
|McDonald County, MO||29||49,960||0.5%|
Percentage of County Firms
The counties with the highest percentage of Hispanic-owned businesses was led by Jackson with 2.92 percent followed by McDonald (2.09 percent), Jasper (1.93), Greene (1.43 percent) and St. Louis City (1.38 percent).
Most Hispanic-owned businesses in Missouri are classified as construction businesses (14.1 percent) followed by other services (13.5 percent), professional, scientific and technical services (11.5 percent) and administrative and support and waste management (10.9 percent).
In terms of total sales and receipts, however, the largest grossing industries in order are retail trade, construction, accommodation and food services, health care and social assistance, finance and insurance, and wholesale trade.
|2007 Missouri Hispanic-owned Businesses by Industry|
|NAICS||Industry||Firms||Receipts||Percentage of Firms|
|11||Agriculture, forestry, fishing and hunting||S||S||S|
|21||Mining, quarrying, and oil and gas extraction||1||S||0.0%|
|48-49||Transportation and warehousing||S||S||S|
|52||Finance and insurance||311||151,375||5.0%|
|54||Professional, scientific, and technical services||713||104,790||11.5%|
|55||Management of companies and enterprises||1||S||S|
|56||Administrative and Support and Waste Mang and Remediation Srvs||672||54,049||10.9%|
|62||Health care and social assistance||604||159,883||9.8%|
|71||Arts, entertainment, and recreation||186||7,447||3.0%|
|72||Accommodation and food services||402||166,184||6.5%|
|81||Other services (except public administration)||834||40,593||13.5%|
|99||Industries not classified||S||S||S|
|*****||Total for all sectors||6,178||1,383,964||*****|
|S - Data suppressed to avoid disclosing data for individual companies|
Source: U.S. Census Bureau, Survey of Business Owners
For more information on Hispanic-Owned Businesses see: Hispanic-Owned Businesses in Missouri.
Updated February 2012.