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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:
Details
Tuesday, November 9th
10:00am – 11:45am
Streaming live online (RSVP here for link)
We are committed to providing access and reasonable accommodation in our services, programs, and activities. For questions or requests regarding access and accommodation, please contact Stephanie Arevalo at sarevalo@nycfuture.org in advance of the program.
This symposium is made possible through generous support from HSBC. We are also grateful for general support from The Clark Foundation, the Bernard F. and Alva B. Gimbel Foundation, the Altman Foundation, and ongoing support from a number of other philanthropic funders.
