Asian Indian Americans performed about average for all US small businesses between 2007 and 2010. During the four year time period, Asian Indian businesses revenue grew by 40% and employment grew by 11%. revenue in specialty trades contracting grew fastest (62%).
The largest number of Asian owned businesses is located in the West. That region accounted for 46.5% of Asian enterprises. Businesses in transportation and related travel services had 39 employees.
This is Part 1 of a two-part article on Asian-owned small businesses in America. It examines the industry distribution and annual sales of Asian businesses in 201; 27.4% of Asian businesses are in food services.
Indian entrepreneurs are more likely to start a business in order to have flexibility and greater independence. Nearly two-thirds believe their companies have improved the quality of life in their communities.
To build greater capacity firms must reach reach Stage III growth. Only 14% of the non-minority-owned firms have done so, 12% of Asians, 11% of Latinos and just 6% of black businesses.
Asian businesses are 5.7% of US small businesses and 10.3% of federal contractors. They are heavily concentrated in professional, technical industries (over 36%) and they earn $2.7 million annually.