Survey of Minority-Owned Business Enterprises

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1997 Survey of Minority-Owned Business Enterprises (SMOBE) Asians and Pacific Islanders Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ SMOBE Overview  Provides only comprehensive source of data on minority-owned business enterprises.  Data needed to evaluate the extent and growth of business ownership and to provide a framework for assessing and directing private and government programs. Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ History  SMOBE first conducted in 1969 in response to executive order.  Incorporated into the economic census in 1972. Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Scope and Coverage  Virtually all nonfarm businesses with greater than $1,000 in receipts • Full coverage of corporations was added in 1997. • Prior to 1997 only subchapter S corporations, partnerships, and sole proprietorships were included. Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Scope and Coverage  Race and Ethnicity • Definitions for race and ethnicity defined by OMB Federal Directive 15, issued 1978   Race  American Indian or Alaska Native  Asian or Pacific Islander  Black  White Ethnicity  Hispanic Origin  Not of Hispanic Origin Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Scope and Coverage  Gender • For the 1997 survey, gender was defined as:     Male Female Equally male and female Other (includes publicly held, foreign-owned, and not for profit businesses)  Business Unit • Company Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Publications  1997 products were released starting March 2001.  Seven Publications • Women released • Black released • Hispanic released • Asians and Pacific Islanders released • American Indians and Alaska Natives released • Minority Summary • Company Summary Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Improvements for 1997  Inclusion of all corporations  Ownership based on race, ethnicity, and gender of 51% or greater  Improved sample design  Addition of equally male- and female-owned category for gender  State by 2-digit SIC data available Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Improvements for 1997 Fully inclusive estimates • In reports prior to 1997, estimates for minorityowned business enterprises for a part of the sample could not be allocated by industry and geography and were, therefore, not included in the detailed tables of the reports. For 1997, the estimates for all levels of the data include all firms owned by the race and ethnic groups presented. Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ • Improvements for 1997  Separate publication for American Indians and Alaska Natives  Separate publication for Asians and Pacific Islanders  Data tabulated by firm in each industry and geography  Company Summary report  Data free on internet  Improved CD-ROM software Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Growth of Asian- and Pacific IslanderOwned Firms  The number of Asian- and Pacific Islander-owned firms grew 30% from 1992 to 1997. • The number of all U.S. firms grew 7%.  The receipts of Asian- and Pacific Islander-owned firms grew 68%. • The receipts of all U.S. firms grew 40%. (Includes sole proprietorships, partnerships, and subchapter S corporations) Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Percent Distribution of All U.S. Firms by Industry Division: 1997 Industries not classified 7% Agricultural services, forestry, fishing, and mining 3% Construction 11% Manufacturing 3% Transportation, communications, and utilities 4% Services 43% Wholesale trade 4% Finance, insurance, and real estate 11% Retail trade 14% Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Percent Distribution of Asian- and Pacific IslanderOwned Firms by Industry Division: 1997 Agricultural services, forestry, fishing, and mining 1% Industries not classified 10% Manufacturing 3% Transportation, communications, and utilities 4% Wholesale trade 6% Construction 3% Retail trade 21% Services 44% Finance, insurance, and real estate 8% Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Percent of Asian- and Pacific Islander-Owned Firms and Receipts by Minority Group: 1997 Asian Indian 18% 22% Chinese 28% 35% Filipino 9% 4% Japanese 9% 14% Korean 15% 15% Firms Receipts Vietnamese 11% 3% Other Asian 8% 6% Native Hawaiian 2% 1% Other Pacific Islander 0% 1% 0% 5% 10% 15% 20% 25% 30% 35% 40% Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Asian- and Pacific Islander-Owned Firms as a Percent of Total Firms in State: 1997 Percent of Total 10.0 or greater (2) 5.0 to 9.9 (5) 1.0 to 4.9 (33) less than 1.0 (11) Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Average Receipts Per Firm by Industry Division for Asian- and Pacific Islander-Owned Firms Compared to All U.S. Firms: 1997 All industries 891 336 386 102 405 270 5,839 1,246 1,287 150 5,352 2,093 917 347 1,147 166 294 167 42 121 0 1000 2000 3000 4000 5000 6000 7000 All Asian and Pacific Islander Agricultural services, forestry, fishing, and mining Construction Manufacturing Transportation, communications, and utilities Wholesale trade Retail trade Finance, insurance, and real estate Services Industries not classified (Thousands of dollars) Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Asian- and Pacific Islander-Owned Firms and Receipts as a Percent of All U.S. Firms and Receipts by Industry Division: 1997 All Industries Agricultural services, forestry, fishing, and mining Construction 4.4% 1.7% 2.2% 0.6% 1.2% 0.8% 3.4% 0.7% 4.1% 0.5% 6.3% 2.5% 6.8% 2.6% 3.1% 0.4% 4.6% 2.6% 6.1% 17.8% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Firms Receipts Manufacturing Transportation, communications and utilities Wholesale trade Retail trade Finance, insurance, and real estate Services Industries not classified 0.0% Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Five States With Largest Number of Asian- and Pacific Islander-Owned Firms  California - 316,048  New York - 123,258  Texas - 60,226  Hawaii - 50,634  New Jersey - 41,432 Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Five MAs With Largest Number of Asian- and Pacific Islander-Owned Firms  Los Angeles-Long Beach, CA - 114,462  New York, NY - 101,814  Orange County, CA - 44,840  Honolulu, HI - 39,252  San Francisco, CA - 35,427 Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Size of Asian- and Pacific Islander-Owned Firms With Paid Employees  289,999 (31.8%) Asian- and Pacific Islanderowned firms had paid employees.  2,084 (0.7% of firms with paid employees) Asianand Pacific Islander-owned firms had 100 or more employees.  145,331 (50.1% of firms with paid employees) had 1 to 4 employees. Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Size of Asian- and Pacific Islander-Owned Firms  Of all 912,960 Asian- and Pacific Islander-owned firms, 45,252 (5%) had more than $1,000,000 in receipts.  151,751 (17%) had less than $5,000 in receipts. Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ Legal Form of Organization  The majority (71%) of Asian- and Pacific Islander-owned firms were sole proprietorships. • 648,337 firms  Largest receipts group was the C corporations with 47% of all Asian- and Pacific Islanderowned firms’ receipts. • Accounted for almost $146 billion Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/ For More Information  Web: • http://www.census.gov/csd/mwb/  Phone: • 301-457-3316  E-mail: • csd@census.gov Source: 1997 Economic Census Survey of Minority-Owned Business Enterprises http://www.census.gov/csd/mwb/

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