Business owners of Asian descent in the US are also much more likely to own hotels, restaurants, and retail stores compared to business owners of all other races. People of Asian descent are the second most-likely racial group in the US to own a healthcare or social assistance business.

In metro areas with large Asian populations like Honolulu, San Jose, California, and San Francisco the share of Asian-owned business ownership is highest in the nation. The data show more than one out of every four businesses of any type in those areas was owned by a person of Asian descent in 2018.

📬 Sign up for the Daily Brief

Our free, fast, and fun briefing on the global economy, delivered every weekday morning.