Asian American Times Online, aatimes

JUNE 2006 ISSUE Vol. 6, No. 6 California Edition

FACTS and FIGURES

Growth of Native Hawaiian and Other Pacific Islander-Owned Businesses Over Three Times the National Average

Two states — Hawaii and California — accounted for 62.3 percent ($2.7 billion) of all Native Hawaiian and other Pacific Islander-owned business revenue.

The number of Native Hawaiian and other Pa cific Islander-owned businesses grew 49.4 percent between 1997 and 2002, over three times the national average of 10.3 percent for all businesses. The 28,948 businesses generated about $4.3 billion in revenues, up 3.4 percent from 1997. This is according to a new report, Survey of Business Owners: Native Hawaiian and Other Pacific Islander-Owned Firms in 2002, released last June 28 by the U.S. Census Bureau.

More than half (58 percent) of all Native Hawaiian and other Pacific Islander firms were Native Hawaiian- owned (16,776). Guamanian or Chamorranowned firms accounted for 13.1 percent (3,797) and Samoan-owned firms comprised 7.6 percent (2,204). Other Pacific Islander-owned firms, which are not Native Hawaiian, Guamanian or Chamorran, or Samoanowned, accounted for 21.8 percent of the total firms (6,324).

Nearly 13 percent of all Native Hawaiian and other Pacific Islander-owned firms had paid employees in 2002. These 3,693 businesses employed more than 29,000 people and generated revenues of $3.5 billion. The average receipts for these firms were $948,323.

States With the Largest Number of Native Hawaiian- and Other Pacific Islander-Owned Firms: 2002

Cities With the Largest Number of Native Hawaiian and Other Pacific Islander-Owned Firms: 2002

County With the Largest Number of Native Hawaiian and Other Pacific Islander-Owned Firms: 2002

Native Hawaiian- and Other Pacific Islander-Ownership of Firms by Detailed Group: 2002

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