In the recent times the Asian-American business ownership has thrived to become one of the fastest growing and more profitable business sectors of the United States of America. They have provided employment opportunities to more than two million people in the country.
Status of Asian-American Business Ownership
The present status of the business concerns that are owned by the Asians in the US is remarkably good. If the reports of the Census Bureau are taken into account, it can be seen that the companies owned by the Asian origin people in the United States of America have been doing twice better than other companies owned by people from different communities.
Business Performance of Asian-American Business Ownership
In the period between 1997 to 2002, there were almost a million business firms that were owned by the Asian-Americans. These companies earned revenue of $326 billion in the same time frame. This was an improvement of 8% in the overall business performance. At the same time, the growth of Asian-American business ownership in the same period was also phenomenal. As per the available statistics, in the years between 1997 and 2002 the number of companies that are owned by the Asian-Americans has gone up by 24%. All these companies have provided jobs to over two million people in the United States of America.
Implications of Performance of Asian-American Business Ownership
As per the financial analysts, the significant business performance of the Asian-American owned business enterprises has introduced a new trend in the economic scenario of the country. It has established the notion that the minorities and their financial activities are playing a major role in the American economy