Hispanic Owned Businesses

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
*** United States 27,626,362 33,537,003,793 3,320,563 517,362,008 12.0%
1 California 3,548,449 $3,917,367,474 818,485 $108,298,767 23.1%
2 Texas 2,356,748 $3,623,481,905 689,928 $99,811,283 29.3%
3 Florida 2,100,187 $1,516,846,612 607,884 $95,731,138 28.9%
4 New York 2,008,988 $2,184,220,670 267,869 $24,106,164 13.3%
5 New Jersey 792,088 $1,233,058,233 93,802 $13,224,361 11.8%
6 Illinois 1,135,018 $1,683,181,724 92,632 $17,337,484 8.2%
7 Arizona 499,927 $497,248,835 89,673 $9,893,762 17.9%
8 Georgia 929,864 $960,432,488 56,543 $7,433,416 6.1%
9 Colorado 547,352 $534,919,373 51,382 $6,404,468 9.4%
10 New Mexico 151,363 $149,305,276 46,679 $7,250,250 30.8%
30 Missouri 491,606 $598,271,031 8,859 $1,933,067 1.8%

 

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.

US Map of Hispanic Number of Hispnic-owned firms 2012

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.

US Map of Hispanic Percentage of all firms 2012

 

 

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.



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