- December 23, 2021
- Posted by: Stratford Team
- Category: Business
Artist España Garcia Feucht puts the finishing touches on a mural outside Cross Street Chicken and Beer on Convoy Street. Photo credit: Alexander Nguyen
Asian Pacific Islander-owned businesses generated $5 billion in economic impact in the San Diego region in 2021, according to the findings of a new study.
The research, commissioned by the Asian Business Association of San Diego with support from the San Diego and Imperial Small Business Development Center Network, also set out to examine the impact of COVID-19 on the API-owned business community.
Using data from the U.S. Census Bureau, the study identified approximately 24,692 self-employed API residents in the county. More than 9000 API-owned businesses led to the creation of nearly 90,000 jobs, according to the study.
In addition, API-owned businesses contributed $43.4 million in revenue from local sales and property taxes.
The study found the businesses to be concentrated in Kearny…
