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Asian-owned businesses are big contributors to the U.S. economy. They make up the largest share of minority-owned employer businesses in the U.S., employing 5.2 million people and generating $841 billion in revenue per year—those are inspiring statistics.

Entrepreneurship can be a great opportunity for Asian Americans, Native Hawaiians, and Pacific Islanders (AANHPIs, sometimes referred to as AAPIs). Entrepreneurship also has its challenges. In The State of AAPI Small Business Owners report by Hello Alice, 33 percent of the Asian small business owners surveyed said their number one

Can you guess the number one industry for AAPI small business owners? It’s the food and beverage category (22 percent), according to The State of AAPI Small Business Owners by Hello Alice.

It’s not surprising when you consider that restaurants are one of the nation’s industries most open to minorities. According to the National Restaurant Association (NRA), 41 percent of restaurant firms are owned by minorities. This compares to 30 percent of businesses in the overall private sector. Asians (including Asian Americans, Native Hawaiian and Pacific Islanders) are the highest minority sector

Providence, RI: Oceanside Medical owner Kristina E. McAteer, MD has been awarded the 2023 Joseph G.E. Knight Award for Entrepreneurial Excellence by the U.S. Small Business Administration. Dr. McAteer is an attending Emergency Medicine Physician at Newport and Rhode Island Hospitals and an Assistant Professor of Emergency Medicine at the Warren Alpert Medical School of Brown University in Providence, RI.

She was presented the award today at the 2023 Rhode Island Salute to Small Business Awards Luncheon. The Knight Award is a recognition of a successful small business owner that SCORE Rhode

If like many successful women leaders, you’re excited to grow your network, but aren’t sure where to get started, check out these networking resources.