by Race and Hispanic Origin, Miami MSA 2007, Ranked by Number of Businesses
Race and Hispanic Origin |
All Businesses |
Revenues |
Employees |
Annual Payroll |
White |
330,368 |
$160,831,071,000 |
760,155 |
$29,115,728,000 |
Latino |
320,083 |
$56,037,879,000 |
212,301 |
$6,613,740,000 |
Black or African American |
99,595 |
$4,907,572,000 |
21,990 |
$612,516,000 |
Asian American |
22,676 |
$6,925,844,000 |
35,953 |
$844,672,000 |
AIAN |
3,855 |
$312,725,000 |
992 |
$29,599,000 |
NHPI |
752 |
$26,713,000 |
216 |
$4,949,000 |
Total |
802,124 |
$525,775,888,000 |
2,297,518 |
$89,986,852 |
U.S. Census Bureau, 2007 Survey of Business Owners, Table SB0700CSA01.
Note: Some business owners did not report a race. Businesses are categorized based on the race of the majority owner(s). Majority owners who report more than one race or ethnicity are counted more than once. Figures do not sum to total. Total includes publicly held businesses.
•There are nearly 23,000 Asian American–owned businesses and 752 NHPI-owned businesses in the Miami MSA.
•Asian American–owned businesses employ nearly 36,000 people and distribute over $840 million in annual payroll.
•Indian Americans own the largest number of businesses among Asian American ethnic groups, followed by Chinese and Vietnamese Americans.1
•The top industries for Asian American–owned businesses are retail trade, health care and social assistance, and accommodation and food services.2
•The number of Asian American–owned businesses in Florida grew 57% between 2002 and 2007 to nearly 65,000. About 27% of these businesses were small businesses with fewer than 20 employees, a proportion higher than any other racial group in the state.3
1 U.S. Census Bureau, 2007 Survey of Business Owners, Table SB0700CSA01.
2 Ibid.
3 U.S. Census Bureau, 2002 Survey of Business Owners, Table SB0200A1; 2007 Survey of Business Owners, Tables SB0700CSA01, SB0700CSA10, and SB0700CSA11.
4 Humphreys, Jeffrey M. 2010. “The Multicultural Economy 2010.” University of Georgia, Selig Center for Economic Growth.