There were 8,859 Hispanic-owned firms in Missouri in 2012, up from 6,178 in 2007, according to data from the U.S. Census Bureau's 2012 Survey of Business Owners. This represents a 43.4% increase in the number of Hispanic-owned firms in the state. These firms accounted for $1.93 billion in sales and receipts in 2012.
In the U.S., there were 3.32 million Hispanic-owned firms in 2012, up 46.9% from 2007. Sales and receipts from Hispanic-owned firms increased 47.5% from 2007 totaling $517.4 billion in receipts in 2012. Hispanic-owned firms made up 12.0% of all firms in the nation.
States with the largest number of Hispanic-owned businesses were California (818,485), Texas (689,928), Florida (607,884), New York (267,869) and New Jersey (93,802). In addition, California also had the largest gross sales from Hispanic-owned firms. Missouri ranked 30th among the states in the total number of Hispanic-owned firms.
|States with Largest Number of Hispanic-Owned Businesses|
|Rank||Area||Total Firms||Total Receipts ($1,000||Hispanic Firms||Hispanic-Owned Receipts ($1,000)||Hispanic-Owned Firms as a Percent of All firms|
Only four states recorded more than 100,000 Hispanic-owned businesses in 2012. Twenty-three states, including Missouri, had fewer than 10,000 Hispanic-owned firms.
States with the highest percentage of Hispanic-owned businesses, as a percent of all firms, were concentrated in the southwestern portion of the United States. States with the largest concentration of Hispanic-owned businesses were New Mexico (30.8%), Texas (29.3%), Florida (28.9%) and California (23.1%). In Missouri, Hispanics owned 1.8% of all firms in 2012, up from 1.2% of all firms in 2007.
Source: U.S. Census Bureau, Survey of Business Owners -Preliminary Results
For more information on Hispanic-Owned Businesses see: Hispanic-Owned Businesses in Missouri by Industry.
Updated September 2015.