Number of Asian- and Pacific
Islander-owned firms has
Asian- and Pacific Islander (API)-owned
businesses in the United States totaled
about 913,000 in 1997, employed more
than 2.2 million people and generated
$306.9 billion in revenues. They made
up 4 percent of the nation’s 20.8 million
nonfarm businesses, employed 2 percent
of their workers and generated 2 percent
of their receipts. More than 1-in-4 Asian-
and Pacific Islander-owned firms were
owned by people of Chinese origin. (See
Between 1992 and 1997, the number
of businesses owned by Asians and
Pacific Islanders increased about four
times as fast as the total number of busi-
nesses (30 percent versus 7 percent)1.
Receipts of Asian- and Pacific Islander-
owned firms rose 68 percent, compared
with a 40 percent increase for all U.S.
firms over the same period.
Six-in-10 API-owned businesses
were located in four states.
Just four states — California, New York,
Texas and Hawaii — were home to 60
percent of the nation’s Asian- and Pacific
Islander-owned firms. For some specific
API groups, firms were even more geo-
graphically concentrated. For example:
• California and Hawaii accounted for
nearly 7-in-10 firms owned by people
of Japanese descent.
• More than 6-in-10 firms owned by
people of Chinese descent were in
California and New York.
• More than half the firms owned by
people of Vietnamese descent were
found in California and Texas.
More than one-third were
located in five metropolitan
Reflecting the patterns seen in states,
more than 1-in-3 Asian- and Pacific
Islander-owned firms could be found in
the following metro areas: Los Angeles-
Long Beach, Calif.; New York, N.Y.;
Orange County, Calif.; Honolulu, Hawaii;
and San Francisco, Calif. Here’s a short
profile of the firms in each area:
• Los Angeles-Long Beach —
About 114,000 API-owned firms were
located in this metro area. They
$55 billion in
for the majority
of API busi