By Center for an Urban Future & Asian American Federation
Asian-owned businesses play an increasingly critical role in New York City’s economy. Prior to the pandemic, there were more than 47,000 Asian-owned firms across the five boroughs, nearly a quarter (23 percent) of all businesses citywide. And during the previous five years, the number of Asian-owned firms in the city increased by 14.3 percent—nearly double the increase among white-owned businesses (8.6 percent) and all minority-owned businesses (7.4 percent).
But Asian-owned small businesses across the city have been especially hard-hit during the past 19 months. Some have experienced catastrophic declines in sales due to the economic hardship facing residents in their communities, others in neighborhoods like Manhattan’s Chinatown have also struggled as the number of tourists and office workers plummeted, and many have also been impacted by the increase in anti-Asian violence. This forum will shine a spotlight on New York’s Asian-owned businesses at a pivotal moment in the city’s ongoing recovery and discuss what public and private sector leaders should do to bolster this vital part of New York’s economy for the long term.
Confirmed speakers include:
This Event is ONLINE, 120 Wall Street
New York, NY 10005
Event Date: Nov 9, 2021
Event Time: 10:00AM
Event Duration: 1.75 hours