Asian American / Pacific Islander Entrepreneurs
AAPI Entrepreneurs & Homeowners White House Initiative ON ASIAN AMERICANS AND PACIFIC ISLANDERS AAPI-owned small 1 businesses grew 40% NO STARTUP CAPITAL $5,000 STARTUP CAPITAL $13 BILLION FUNNELED TO 19,000 AAPI 17.3% 22.8% 1.50 M SMALL BUSINESSES 1.06 M 2002-2007 5-YEAR GROWTH AAPIS lacked startup capital GROWTH CHALLENGES PROGRESS AAPI homeownership increased by 65% AAPI BORROWERS SAVE AN AVERAGE OF $3,000 PER YEAR 6.6% 2.8 M OF AAPIS LOST THEIR HOMES DUE TO FORECLOSURE 4.8 1.7 M MILLION 2000-2010 10-YEAR GROWTH MODIFIED MORTGAGES 2004 2008 1. http://www.census.gov/newsroom/releases/pdf/cb12ff09_asian.pdf 2. http://www.sba.gov/sites/default/files/rs396tot.pdf (p.17, Table 7) 3. http://www.whitehouse.gov/sites/default/files/docs/aapi_community_record.pdf 4. U.S. Census Bureau, 2007-2009 American Community Survey, 3-Year Estimates 5. http://www.whitehouse.gov/sites/default/files/docs/aapi_community_record.pdf 6. http://www.whitehouse.gov/sites/default/files/docs/aapi_community_record.pdf Designed by Boost Labs
Asian American / Pacific Islander Entrepreneurs
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