Fast 50 Asian American Businesses Showcase Robust and Steady Growth in a Challenging Economy

DISTRICT OF COLUMBIA, D.C. - March 12, 2013 - PRLog -- WASHINGTON, DC – The Fast 50 Asian American Businesses, annually compiled and presented by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC), continue to showcase robust and steady growth despite a challenging economic landscape.

Over $4 billion in revenue were generated by USPAACC's Fast 50 Asian American Businesses last year, with companies reporting up to 400% growth rate. The winners came from a wide range of indus­tries nationwide — supply chain management, healthcare, professional staffing, food wholesale, IT, environmental, green energy, media, etc. — owned and managed by Americans of Chinese, Filipino, Indian, Japanese, Korean, Malaysian, Taiwanese and Vietnamese descent.

"It is with great pride that USPAACC recognizes and showcases the continued robust and steady growth shown by Asian American-owned businesses across industries amid challenging economic times," said Susan Au Allen, USPAACC National President & CEO. "Our Fast 50 Asian American Businesses are proof positive that through innovation, hard work, and ingenuity, Asian Americans can lead the way as catalysts to the revitalization of our national economy."

USPAACC is now accepting applications/nominations for this year's "Fast 50 Asian American Businesses" Awards.

Deadline for applications/nominations is March 22, 2013.

The "Fast 50 Asian American Businesses" Awardees will be presented at the black-tie Excellence Awards Reception and Dinner on June 4 at the Hyatt Regency Orange County in Garden Grove, California. Founders, CEOs, COOs and Presidents will fly in from all over the country to receive the Award. This event is part of USPAACC's annual flagship CelebrAsian Business Opportunity Conference 2013 on June 3-5. This year's theme is "We are the Future: Immigrants. Citizens. Innovators."

AT&T, Hyatt Hotels & Resorts, PepsiCo and Wells Fargo are the Corporate Co-Chairs. Alorica is the Asian American Business Co-Chair.

To qualify, companies must be owned (at least 51%) and managed by one or more Asian Americans (U.S. citizens or permanent residents) and with at least $1 million in annual revenue in the immediate past 3 fiscal years of operation. Selection will be determined by percent­age revenue growth over the past three years.

The growth rates will be independently verified, ranked and revealed at the Gala by the global professional services firm of Ernst and Young, the Awards sponsor.

Every year, CelebrAsian connects hundreds of top-caliber Asian American suppliers and business owners with buyers from Fortune 1000 Corporations, the Federal, State and Local government, and the small and minority business community, through informative summits, workshops, networking events, and it signature pre-scheduled one-on-one business matchmaking meetings. This year, USPAACC lists over 50 different types of commodities needed to be purchased across industries.

For more information or additional inquiries, contact USPAACC at Tel (202) 296-5221 or email Janice@uspaacc.com or Mihyun@uspaacc.com or visit http://www.uspaacc.com or http://www.celebrasianconference.com

Media Inquiries: JP Torres
email: jptorres@uspaacc.com
Tel: (617) 933-9629

ABOUT USPAACC: Founded in 1984 as a non-profit and non-partisan organization, USPAACC is the single unified voice for equal opportunity for Asian American businesses. We promote and propel economic growth by opening doors to business, educational and professional opportunities for Asian Americans and their business partners in corporate America, government at the federal, state and local levels, and the small and minority business community. For 28 years, USPAACC has served and will continue to serve as the gateway to large corporate and government contracts, top-caliber Asian American and small and minority suppliers, key information about Asian Americans and business opportunities in the dynamic Asia-Pacific market.