May 08, 2022
Question of the Day

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

Questions:

  • 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?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

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. 

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

Mail Icon

Subscribe to the blog

Get Question of the Day, FinCap Friday, and the latest updates from NGPF in your inbox by subscribing today: