Hispanic Owned Businesses - Industry

Most Hispanic-owned businesses in Missouri are concentrated in three main industry groups – Construction (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 Hispanic-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.

 

Hispanic-owned Businesses by Industry in Missouri 2012 
2012 NAICS Code Description of NAICS Code 2012 All Hispanic-owned  Firms 2012 Sales Hispanic-owned Receipts ($1,000) 2012 All Firms 2012 All Receipts Hispanic-owned as Percent of All Firms Hispanic-owned as Percent of All Receipts
***** Total for all sectors 8,802 $1,740,068 491,606 $598,271,031 1.8% 0.3%
11 Agriculture, forestry, fishing and hunting 46 $997 5,629 $661,230 0.8% 0.2%
21 Mining, quarrying, and oil and gas extraction 1 S 603 $1,053,226 0.2% S
22 Utilities 5 $85 318 $11,874,086 1.6% 0.0%
23 Construction 1,802 $210,550 64,242 $29,001,183 2.8% 0.7%
31-33 Manufacturing 125 $138,805 11,768 $115,342,804 1.1% 0.1%
42 Wholesale trade 137 $207,419 12,553 $136,428,936 1.1% 0.2%
44-45 Retail trade 751 $386,114 50,309 $87,588,391 1.5% 0.4%
48-49 Transportation and warehousing 289 $74,076 22,668 $17,115,222 1.3% 0.4%
51 Information 74 $18,583 5,619 $19,483,048 1.3% 0.1%
52 Finance and insurance 178 $16,947 19,830 $59,216,164 0.9% 0.0%
53 Real estate and rental and leasing 214 $9,139 47,998 $10,118,798 0.4% 0.1%
54 Professional, scientific, and technical services 972 $119,082 55,997 $27,372,890 1.7% 0.4%
55 Management of companies and enterprises 1 S 830 $6,488,543 0.1% S
56 Administrative & support & waste management & remediation services 1,083 $124,406 38,851 $10,415,215 2.8% 1.2%
61 Educational services 161 S 10,404 $5,869,254 1.5% S
62 Health care and social assistance 824 $125,330 43,607 $37,709,918 1.9% 0.3%
71 Arts, entertainment, and recreation 406 $9,689 20,767 $3,898,170 2.0% 0.2%
72 Accommodation and food services 499 $236,071 13,988 $12,589,103 3.6% 1.9%
81 Other services (except public administration) 1,220 $56,011 66,664 $6,012,711 1.8% 0.9%
99 Industries not classified 16 S 922 $32,140 1.7% S
*S - Suppressed due to confidentiality

 

 

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

Updated January 2016

For more information on Hispanic-Owned Businesses see: Hispanic-Owned Businesses in the US and Hispanic-Owned Businesses in Missouri by County.




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