May is Asian American & Pacific Islander (AAPI) Heritage Month and we are honored to be able to join our Asian Pacific business owners and corporate members in celebrating their rich and storied history. Today, Asian Americans and Pacific Islanders are the fastest-growing racial group in the United States and AAPI Heritage Month celebrates their unique life experiences, traditions, and cultures.
During this time, we pay tribute to generations of Asians and Pacific Islanders who have enriched America’s history and contribute daily to its future success. We are humbled to acknowledge that nearly 40% of our certified MBEs are Asian American and that the success of their businesses contributes to the employment of millions of people around the globe.
The Council would like to thank Asian American business owners for their commitment to accelerating nation-wide business growth and the billions of dollars generated by their dedication and determination each year.
DID YOU KNOW
- Of all the major racial and ethnic groups, Asian Americans are the most likely to own small businesses
- There are more than a million Asian-owned businesses in the United States (that’s about 9.9% of all businesses, or about 1 out of every 10)
- Asian Americans currently employ over 3.5 million people in the U.S.
- Asian-owned small businesses support almost 50% of all private-sector employees
- Asian American businesses account for more than 60% of our country’s new jobs
In particular in recent years, AAPI business owners have grown exponentially to achieve growth and meet business expansion goals. According to 2019 Census Data, 86% of all AAPI adults work in management or business roles, solidifying their standing as huge contributors to the national and local economies.
The Council is steadfast in providing Asian American members and businesses at large with the continuous support they need to achieve their growth and business expansion goals and objectives. If you’re able to this month, we highly encourage you to consider sharing your patronage with an AAPI-operated establishment.
Sincerely,
Terrence Clark