Asian-Owned Businesses

There were 13,022 Asian-owned firms in Missouri in 2012, up from 9,752 in 2007, according to recently released revised data from the U.S. Census Bureau's 2012 Survey of Business Owners. This was a 33.5% increase in the number of Asian-owned firms in the state. These firms accounted for almost $4.1 billion in sales and receipts in 2012.

In the U.S., there were over 1.9 million Asian-owned firms in 2012, up 29.1% from 2007. Sales and receipts from Asian-owned firms totaled $699.5 billion in 2012. Asian-owned firms made up over 6.9% of all firms and almost 2.1% of all sales and receipts in the U.S.

States with the largest number of Asian-owned businesses were California (604,870), New York (243,105), Texas (155,784), New Jersey (81,898), and Florida (80,938). In addition, California also had the largest gross sales from Asian-owned firms. Missouri ranked 25th among the states in the total number of Asian-owned firms.

States with Highest Number of Asian-owned Firms
Rank Area Number of Firms Sales Receipts ($1,000) Asian-Owned Share of US Asian-Owned Total
**** United States 1,917,902 $699,492,422 ****
1 California 604,870 $229,512,016 31.5%
2 New York 243,105 $65,963,632 12.7%
3 Texas 155,784 $62,965,284 8.1%
4 New Jersey 81,898 $44,001,818 4.3%
5 Florida 80,938 $24,890,576 4.2%
6 Illinois 72,665 $27,273,015 3.8%
7 Hawaii 60,967 $19,482,939 3.2%
8 Virginia 58,390 $19,634,198 3.0%
9 Georgia 56,856 $20,846,707 3.0%
10 Washington 46,054 $17,139,942 2.4%
25 Missouri 13,022 $4,080,602 0.7%

 

Only California, New York, Texas, New Jersey, Florida and Illinois have more than 70,000 Asian-owned businesses. Twenty-four states had fewer than 10,000 Asian-owned firms in 2012.

Asian -Owned Firms in the US

States with the highest percentage of Asian-owned businesses, as a percent of all firms, were located mostly on the east and west coasts of the United States. States with the largest percentage of Asian-owned businesses were Hawaii (51.5%), California (17.0%), New York (12.1%) and New Jersey (10.3%). In Missouri, Asians owned 2.6% of all firms in 2012.

States with Highest Percentage Asian-owned Firms
Rank Area Number of Firms Sales Receipts ($1,000) % of States Firms Asian-owned Firms as Percent of State's Firms
**** United States 1,917,902 $699,492,422 6.9% 2.1%
1 Hawaii 60,967 $19,482,939 51.5% 19.1%
2 California 604,870 $229,512,016 17.0% 5.9%
3 New York 243,105 $65,963,632 12.1% 3.0%
4 New Jersey 81,898 $44,001,818 10.3% 3.6%
5 Nevada 21,717 $4,925,971 9.6% 2.3%
6 Virginia 58,390 $19,634,198 8.9% 2.3%
7 Washington 46,054 $17,139,942 8.5% 2.4%
8 Maryland 41,634 $15,345,235 7.8% 3.0%
9 Texas 155,784 $62,965,284 6.6% 1.7%
10 Illinois 72,665 $27,273,015 6.4% 1.6%
30 Missouri 13,022 $4,080,602 2.6% 0.7%


US Map of Percentage of State's Asian-Owned Firms

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

Updated January 2016

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




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