The 2007 Survey of Business Owners data show that Asian-owned businesses continued to be one of the strongest segments of our nation’s economy, growing 40 percent to 1.5 million businesses (more than twice the national rate) between 2002 and 2007 and in 2007 generating $507.6 billion in receipts, employing more than 2.8 million people and supporting payrolls totaling $79.6 billion.
Among the detailed Asian groups, Asian Chinese owned most firms (308,514, 19.9 percent of all Asian-owned firms), while Asian-Indian-owned firms generate most receipts ($152.5 billion, 30.0 percent of all Asian-owned firm receipts). Following charts show by detailed group the number of Asian-owned firms and the receipts of these firms respectively.
California had the largest number of Asian-owned businesses with 509,097, followed by New York (196,852) and Texas (114,336).
Among counties, Los Angeles had the largest number of Asian-owned businesses with 183,092, followed by Queens, N.Y. (68,606) and Orange, Calif. (63,416).
Source: Survey of Business Owners – Asian-Owned Firms: 2007, United States Census Bureau