Asian-Owned Business By Industry

Most Asian-owned businesses in Missouri are concentrated in three main industry groups – Other Services (4,086), Accommodation and Food Services (1,843), Professional, Scientific, and Technical Services (1,416) and Retail Trade (1,207). Other significant sectors include Health Care and Social Assistance (1,155) and Real Estate and Rental and Leasing (1,100).

In terms of total sales and receipts, however, the largest grossing industries are Retail trade, Accommodation and Food Services, Wholesale trade, and Health Care and Social Assistance. This indicates that although Wholesale trade had fewer firms, they had 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 72% percent adding, 62 additional firms between 2007 and 2012. Finance and Insurance (65%), Information (62%), Professional, Scientific, and Technical Services (53%) and Arts, Entertainment and Recreation (49.7%) followed.

Percent Change in Asian-Owned Missouri Industries 2007 to 2012
2012 NAICS Code NAICS Description 2012 Asian-Owned Firms

2012 Asian-Owned Receipts

($1,000)

2007 Asian-Owned  Firms

2007 Asian-Owned Receipts

($1,000)

%Change in Firms from 2007 to 2012
**** Total for all sectors 13,022 $4,080,602 9,752 $3,649,953 33.5%
11 Agriculture, forestry, fishing and hunting 28 $726 S S S
21 Mining, quarrying, and oil and gas extraction 4 $142 6 $5,215 -33.3%
22 Utilities 0 $0 1 S -100.0%
23 Construction 258 $25,453 386 $59,152 -33.2%
31-33 Manufacturing 148 $225,832 86 $102,416 72.1%
42 Wholesale trade 202 $602,636 177 $1,208,573 14.1%
44-45 Retail trade 1,207 $1,292,451 984 $844,742 22.7%
48-49 Transportation and warehousing 303 $20,402 S S S
51 Information 105 S 65 $15,043 61.5%
52 Finance and insurance 228 $21,819 138 $14,468 65.2%
53 Real estate and rental and leasing 1,100 $127,808 757 $70,867 45.3%
54 Professional, scientific, and technical services 1,416 $272,970 923 $252,675 53.4%
55 Management of companies and enterprises 1 S 0 $0 S
56 Administrative and support and waste management and remediation services 400 $161,986 271 $39,039 47.6%
61 Educational services 249 $10,665 192 $11,829 29.7%
62 Health care and social assistance 1,155 $349,952 978 $287,791 18.1%
71 Arts, entertainment, and recreation 286 $11,811 191 $4,326 49.7%
72 Accommodation and food services 1,843 $731,905 1,659 $578,776 11.1%
81 Other services (except public administration) 4,086 $210,836 2,756 $137,233 48.3%
99 Industries not classified 12 $1,357 S S S
*S - Suppressed due to confidentiality

Asian-Owned Share of Missouri Industries

While on average, 2.6% 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 6.1% of all firms in that Industry followed by Health Care and Social Assistance (2.6%), Professional, Scientific, and Technical Services (2.5%), Retail Trade (2.4%), and Educational Services (2.4%).

Asian-Owned Share of Missouri Industries
2012 NAICS Code NAICS Description 2012 Asian-Owned Firms

2012 Asian-Owned Receipts

($1,000)

2012 All Firms

2012 All Receipts

($1,000)

% of Firms that are Asian-Owned
***** Total for all sectors 13,022 $4,080,602 491,606 $598,271,031 2.6%
11 Agriculture, forestry, fishing and hunting(606) 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 148 $225,832 11,768 $115,342,804 1.3%
42 Wholesale trade 202 $602,636 12,553 $136,428,936 1.6%
44-45 Retail trade 1,207 $1,292,451 50,309 $87,588,391 2.4%
48-49 Transportation and warehousing 303 $20,402 22,668 $17,115,222 1.3%
51 Information 105 S 5,619 $19,483,048 1.9%
52 Finance and insurance(608) 228 $21,819 19,830 $59,216,164 1.1%
53 Real estate and rental and leasing 1,100 $127,808 47,998 $10,118,798 2.3%
54 Professional, scientific, and technical services 1,416 $272,970 55,997 $27,372,890 2.5%
55 Management of companies and enterprises 1 S 830 $6,488,543 0.1%
56 Administrative and support and waste management and remediation services 400 $161,986 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 1,155 $349,952 43,607 $37,709,918 2.6%
71 Arts, entertainment, and recreation 286 $11,811 20,767 $3,898,170 1.4%
72 Accommodation and food services 1,843 $731,905 13,988 $12,589,103 13.2%
81 Other services (except public administration)(609) 4,086 $210,836 66,664 $6,012,711 6.1%
99 Industries not classified 12 $1,357 922 $32,140 1.3%
*S - Suppressed due to confidentiality

 

Source: U.S. Census Bureau, Survey of Business Owners, 2012
Updated January 2016

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


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