In 2002, there were 3,652 Hispanic-owned businesses in Missouri, accounting for 0.8 percent of all firms statewide. (There were a total of 439,487 businesses in the Show-Me State in 2002.) Unlike black-, female-and Asian-owned businesses, no detailed statistics are available for Hispanic-owned firms from 1997 to 2002.
Hispanic-owned businesses are concentrated in the St. Louis and Kansas City Metropolitan Statistical Areas (MSAs) in general, and the counties that make up those MSAs. These counties include: St. Louis County (20.9 percent), followed by Jackson County (19.9 percent), St. Louis City (7.3 percent), Clay County (4.9 percent) and St. Charles County (4.5 percent). Greene County (3.7 percent) in the Springfield metro area, and Boone County (3.4 percent) within the Columbia MSA, also have more than 100 Hispanic-owned businesses.
This finding is largely consistent with 2000 Census numbers on Hispanic populations in Missouri. The counties with the largest numbers of Hispanics in 2000 were Jackson County (34,925), St. Louis County (14,517), St. Louis City (6,745), Clay County (6,364), St. Charles County (4,519), Greene County (4,171), Jasper County (3,891) and Boone County (2,511).
In terms of total sales and receipts, the largest grossing areas are Jackson and St. Louis counties and St. Louis City.
Although St. Charles County has fewer Hispanic-owned businesses than Clay County, sales and receipts of Hispanic-owned businesses in St. Charles County are significantly above that of Clay. This indicates that the area's fewer firms generate a larger economic impact in terms of sales and receipts.
Most Hispanic-owned businesses in Missouri are classified as "other services" (15.6 percent). Two industries are tied for second at 11.9 percent: professional, scientific and technical services and construction, followed by health care and social assistance (10.8 percent) and retail trade (10.5 percent). Other significant sectors include administrative and support and waste management (7.6 percent) and arts, entertainment and recreation (5.9 percent).
In terms of total sales and receipts, however, the largest grossing industries in order are retail trade, construction, wholesale trade, professional, scientific and technical services, accommodation and food services, and manufacturing. This indicates that although both trade sectors have fewer firms, they have a larger impact on Missouri's economy in terms of gross sales.
Report by Neal Fandek, maps by Melissa Lanclos, MERIC.
Source: U.S. Census Bureau, Survey of Business Owners
Posted June 2006