Asian-Owned Business By Industry

Industry
Most Asian-owned businesses in Missouri are concentrated in three main industry groups – Other Services (4,109), Accommodation and Food Services (1,917), Professional, Scientific, and Technical Services (1,432) and Retail Trade (1,225). Other significant sectors include Real Estate and Rental and Leasing (1,163) and Health Care and Social Assistance (1,157).

In terms of total sales and receipts, however, the largest grossing industries are Wholesale trade, Retail trade, Construction, Manufacturing and Health Care and Social Assistance. This indicates that although Wholesale trade, Construction and Manufacturing have fewer firms, they have a larger impact on Missouri's economy in terms of gross sales.

Manufacturing gained the most ground in Asian-Owned firms in Missouri growing by 73% percent adding, 63 additional firms between 2007 and 2012. Finance and Insurance (67%), Information (63%), Professional, Scientific, and Technical Services (55%) and Real Estate and Rental and Leasing (54%) followed.

Asian-Owned Share of Missouri Industries
2012 NAICS code NAICS Description 2012 Asian-owned Firms 2012 Sales Receipts of Asian-Owned Firms 2007 Asian-owned Firms 2007 Sales Receipts of Asian-Owned Firms % Change in Firms to 2007 to 2012
**** Total for all sectors 13,223 $4,654,478 9,752 $3,649,953 36%
11 Agriculture, Forestry, Fishing and Hunting 28 $726 S S S
21 Mining, Quarrying, and Oil and Gas Extraction 4 $142 6 $5,215 -33%
22 Utilities 0 $0 1 S -100%
23 Construction 258 $25,453 386 $59,152 -33%
31-33 Manufacturing 149 $378,563 86 $102,416 73%
42 Wholesale Trade 204 $743,329 177 $1,208,573 15%
44-45 Retail Trade 1,225 $1,317,022 984 $844,742 24%
48-49 Transportation and Warehousing 304 $20,523 S S S
51 Information 106 $14,128 65 $15,043 63%
52 Finance and Insurance 230 $22,275 138 $14,468 67%
53 Real Estate and Rental and Leasing 1,163 $217,373 757 $70,867 54%
54 Professional, Scientific, and Technical Services 1,432 $321,517 923 $252,675 55%
55 Management of companies and enterprises 1 S 0 $0 S
56 Administrative & Support & Waste Management & Remediation Services 401 $164,469 271 $39,039 48%
61 Educational Services 249 $10,665 192 $11,829 30%
62 Health Care and Social Assistance 1,157 $375,133 978 $287,791 18%
71 Arts, Entertainment, and Recreation 288 $13,600 191 $4,326 51%
72 Accommodation and Food Services 1,917 $810,548 1,659 $578,776 16%
81 Other Services (except public administration) 4,109 $215,985 2,756 $137,233 49%
99 Industries Not Classified 12 $1,357 S S S

Asian-Owned Share of Missouri Industries

While on average, 2.7% of all firms in Missouri are Asian-Owned, some industries have a higher percentage of Asian ownership. Over one in ten of Food and Accommodation businesses are Asian-Owned. Other Services have 6.2% of all firms in that Industry followed by Professional, Scientific, and Technical Services (2.6%), Real Estate and Rental and Leasing (2.4%), and Educational Services (2.4%).

Asian-Owned Share of Missouri Industries
2012 NAICS code NAICS Description Number of Asian-owned Firms Sales Receipts of Asian-Owned Firms All Firms All Sales Receipts Percentage of Firms that are Asian-Owned
**** Total for all sectors 13,223 $4,654,478 491,606 $598,271,031 2.7%
11 Agriculture, Forestry, Fishing and Hunting 28 $726 5,629 $661,230 0.5%
21 Mining, Quarrying, and Oil and Gas Extraction 4 $142 603 $1,053,226 0.7%
22 Utilities 0 $0 318 $11,874,086 0.0%
23 Construction 258 $25,453 64,242 $29,001,183 0.4%
31-33 Manufacturing 149 $378,563 11,768 $115,342,804 1.3%
42 Wholesale Trade 204 $743,329 12,553 $136,428,936 1.6%
44-45 Retail Trade 1,225 $1,317,022 50,309 $87,588,391 2.4%
48-49 Transportation and Warehousing 304 $20,523 22,668 $17,115,222 1.3%
51 Information 106 $14,128 5,619 $19,483,048 1.9%
52 Finance and Insurance 230 $22,275 19,830 $59,216,164 1.2%
53 Real Estate and Rental and Leasing 1,163 $217,373 47,998 $10,118,798 2.4%
54 Professional, Scientific, and Technical Services 1,432 $321,517 55,997 $27,372,890 2.6%
55 Management of companies and enterprises 1   830 $6,488,543 0.1%
56 Administrative & Support & Waste Management & Remediation Services 401 $164,469 38,851 $10,415,215 1.0%
61 Educational Services 249 $10,665 10,404 $5,869,254 2.4%
62 Health Care and Social Assistance 1,157 $375,133 43,607 $37,709,918 2.7%
71 Arts, Entertainment, and Recreation 288 $13,600 20,767 $3,898,170 1.4%
72 Accommodation and Food Services 1,917 $810,548 13,988 $12,589,103 13.7%
81 Other Services (except public administration) 4,109 $215,985 66,664 $6,012,711 6.2%
99 Industries Not Classified 12 $1,357 922 $32,140 1.3%

 

Source: U.S. Census Bureau, Survey of Business Owners, 2012 Preliminary Results

 

For more information on Asian-Owned Businesses see: Missouri and US Asian-Owned Businesses.


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