Cities with the Most Asian-owned Businesses

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Updated 4/23/2024

May is Asian/Pacific American Heritage Month, originally designated by Congress as a time to commemorate the accomplishments of Asian/Pacific Americans.

To honor the occasion, researchers at wanted to highlight Asian Americans’ outsized entrepreneurial impact on the economy. Using data from the US Census Bureau, researchers found the following.

#1: Asian Americans are twice as likely to be business owners than other Americans

Asian Americans are twice as likely to own a business that employs at least one individual compared to the average American. While there are 178 employer firms per 10k Americans, there are 340 Asian-owned employer firms per 10k Asian Americans.

#2: Roughly 11% of US businesses are Asian-owned

While roughly 11% of US businesses are Asian-owned, nearly a third (28%) of hospitality and food-related businesses are Asian-owned. The Asian American community also has an outside impact on healthcare and retail/wholesale trade.

#3: Hawaii has not only the most Asian-owned businesses but Wyoming has the most entrepreneurial Asian American population

Not surprisingly, the percentage of Asian-owned businesses is strongly correlated with the footprint of the Asian American community. However, when looking at per-capita business ownership rates, Wyoming leads the nation with more than 10% of Asian Americans owning their own business.

#4: Hawaii and the West Coast have the most entrepreneurial Asian communities

While Hawaii and California have the highest percentage of Asian-owned businesses, the midwest has the highest rate of Asian American entrepreneurship.

Cities with the most Asian-owned businesses

Rank Metro Area Percentage of businesses that are Asian-owned
1 Urban Honolulu 52.7%
2 San Jose-Sunnyvale-Santa Clara 32.5%
3 San Francisco-Oakland-Hayward 26.9%
4 Los Angeles-Long Beach-Anaheim 24.9%
5 Yuba City 24.7%
6 Vallejo-Fairfield 22.7%
7 Stockton-Lodi 22.0%
8 Houston-The Woodlands-Sugar Land 19.6%
9 New York-Newark-Jersey City 19.0%
10 Riverside-San Bernardino-Ontario 18.8%

Cities with the most entrepreneurial Asian Americans

Rank Metro Area Asian-owned businesses
per 10k Asians
1 Bay City, MI 2,136
2 Casper, WY 1,404
3 Grand Junction, CO 1,347
4 Jackson, MS 1,299
5 McAllen-Edinburg-Mission, TX 1,153
6 Tuscaloosa, AL 1,101
7 Cheyenne, WY 1,081
8 Savannah, GA 1,051
9 Yakima, WA 1,034
10 Shreveport-Bossier City, LA 1,008

Full Data


All data was sourced from the US Census Bureau. Business statistics exclusively focused on employer firms and did not include non-employer firms because while non-employer businesses account for nearly ¾ of US businesses, they account for less than 4% of sales.

About the Author
Kyle Fretwell of
Kyle Fretwell has worked as a researcher and data journalist for over a decade. His work has appeared in publications such as Bloomberg, Fox Business, MSN, USA Today, CNBC, and the Houston Chronicle.

He now manages's content team and is a regular fixture at the Mid-America Trucking Show in Louisville.

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