Question of the Day [AAPI Heritage Month]: What percentage of U.S. business are Asian-owned?
About 5.7% of Americans identify as Asian-American. How many US businesses do you think are Asian-owned?
Answer: 555,200 or 9.9% of all businesses in the United States
- What Asian-owned businesses can you think of where you live? Does the percentage of businesses come out to around the 9.9% national figure?
- What are some potential difficulties that come to mind related to starting, operating, and growing a small business?
- What supports does your community offer to people who run small businesses? If you can't think of any, what kind of supports do you think your community should have?
Behind the numbers (SBA):
"Asian Americans and Pacific Islanders are the fastest growing racial group in the United States according to the U.S. Census. The AAPI population, comprised of over 40 different ethnic subgroups, is expected to more than double from 20 million to more than 51 million by 2060.
There are more than 555,200 Asian-owned businesses in the United States. That's about 9.9% of all businesses in the United States, or about 1 out of 10 businesses.
There are more than 5,100 Native Hawaiian and other Pacific Islander-owned businesses in the United States, accounting for about 1 out of 100 businesses in the United States."
Here are more AAPI Heritage Month resources on the NGPF Website!
Looking for more resources focused on entrepreneurship? Check out NGPF's Entrepreneurship unit page with many resources to choose from.