Hispanic Owned Businesses

County and Industry

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.

Receipts

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.

Counties

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%
All Other 1,763 223,066 28.5%
Missouri 6,178 1,303,964 ****

 

 

 

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).

Industry
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%
22 Utilities 2 S 0.0%
23 Construction 869 188,728 14.1%
31-33 Manufacturing 70 64,049 1.1%
42 Wholesale trade 108 131,947 1.7%
44-45 Retail trade 418 255,856 6.8%
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.



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