Asian business owners

Duration: 15min 42sec Views: 1599 Submitted: 30.03.2021
Category: RolePlay
Between and , the number of U. In contrast, the total number of all U. As a result, 6. According to U. Census Bureau population estimates, Asians accounted for 5.

Asian-Owned Businesses Nearing Two Million

Asian-Owned Businesses Nearing Two Million | Minority Business Development Agency

Seven more chains opened up in Queens, Brooklyn and Manhattan. Last year, however, operations came to a screeching halt. As the pandemic began to take shape in the U. While many struggled to continue to stay alive, none were, perhaps, more heavily impacted by the global health crisis than Asian-owned businesses. In the weeks following news of the outbreak in Wuhan, China, Asian-owned businesses across the water — especially in the U. Between February and April , approximately , Asian-owned small businesses in the country closed, according to a UCLA study.

Asian American-owned businesses suffer outsized toll amid pandemic

Her restaurant, Gu's Dumplings, is just 3. Quickly, Khan assessed her building's security and was reassured to remember that guards lock the doors after 9 p. The motives of the assailant, who was apprehended later that night in south Georgia, may have been at least partly racially motivated. Asian American small-business owners are particularly exposed: 60 percent of Asian American-owned small businesses are in service industries, according to the Washington, D. Khan's restaurant has done relatively well since last March.
After it shut down for two months last year, Jan-Ie Low and her family reduced the hours at their Las Vegas restaurant and converted much of their dining room into a food delivery hub. Outdoor dining was not an option in the desert heat. Conventions, which bring in diners, were canceled because of the coronavirus. Despite the changes made, sales dropped by about 50 percent in from the year before. Pandemic related closures and restrictions on indoor gatherings were particularly hard on the restaurants, stores, nail salons and other service industries in which many Asian-owned firms are concentrated.