Asian American Pacific Islander Ownership 2024 In 2020, Asian American Pacific Islander business owners owned over three million businesses in the U.S. Asian, Native Hawaiian, and Pacific Islander-owned businesses employed over five million workers and generated nearly a trillion dollars in sales. Total Firms 3,032,516 Total Sales $958.8 billion No. of Employer Firms 621,016 Employer Total Sales $849.9 billion No. of Employees 5,258,740 Annual Payroll $190.1 billion No. of Nonemployer Firms 2,411,500 Nonemployer Total Sales $108.9 billion Source: U.S. Census Bureau, Annual Business Survey and Nonemployer Statistics by Demographics. https://www.census.gov/data/tables/2020/econ/nes-d/2020-business.html://data.census.gov/table?q=ab1900*&tid=ABSNESD2019.AB1900NESD01.

Facts About Small Business: Asian American Pacific Islander Ownership Statistics 2024

By Office of Advocacy On May 7, 2024

Advocacy has released its newest infographic spotlighting Asian American and Pacific Islander-owned businesses. Asian-American and Pacific Islanders own over 3 million firms, employing 5.2 million people. Advocacy’s infographics use the most recent Census Bureau data to show the contributions of Asian American and Pacific Islander-owned businesses to the U.S. economy.