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Follow on Google News | $4.9 billion generated by 50 Asian American businesses in 2007, USPAACC-EF reportsThe US Pan Asian American Chamber of Commerce Education Foundation (USPAACC-EF) reported that over $4.9 billion in sales were generated by 50 Asian American Businesses in 2007.
By: USPAACC-EF The revenues were cumulated at the final ranking of its “50 Fastest-Growing Asian American Businesses,” “The continued robust growth of Asian American-owned businesses—even during tough economic times—is testament to the enduring quality of Asian Americans who, through innovation, hard work and ingenuity, remain at the forefront as engines of growth in our national economy,” said USPAACC-EF National President & CEO Susan Au Allen. To qualify for the ranking, companies must be owned by one or more Asian Americans (at least 51% ownership), among other eligibility criteria. Based on percentage revenue growth over three years, selection was determined through direct applications and nominations. Finalists were independently verified by the accounting and consulting firm of BDO Seidman, LLP. The annual national conference connects the largest number of Asian American suppliers with buyers from Fortune 500 corporations, the Federal government and small/minority- The US Pan Asian American Chamber of Commerce EF (USPAACC-EF) Headquartered in Washington, DC, USPAACC-EF has a nationwide reach through Regional Chapters in Northern and Southern California, New York, Texas, Illinois, Georgia, and Washington, DC-Maryland- # # # About USPAACC-EF: The US Pan Asian American Chamber of Commerce EF (USPAACC-EF) Headquartered in Washington, DC, USPAACC-EF has a nationwide reach through Regional Chapters in Northern and Southern California, New York, Texas, Illinois, Georgia, and Washington, DC-Maryland- End
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