Between 2007 and 2012, the number of U.S. businesses owned by Asian-Americans rose 23.8 percent, from 1.5 million to 1.9 million.
In contrast, the total number of all U.S. firms increased only 2.0 percent during the same period, from 27.1 million to 27.6 million.
Asian business ownership is defined as having persons of Asian Indian, Chinese, Filipino, Japanese, Korean, Vietnamese or other Asian origin (such as Hmong, Laotian, Thai, Pakistani or Cambodian) owning 51.0 percent or more of the stock or equity in a nonfarm business operating in the United States. According to U.S. Census Bureau population estimates, Asians accounted for 5.8 percent of the 18 or older population in 2012.
