NY Small Business Funders Collective: Asian American Federation, Korean American Family Service Center (KAFSC), and Korean Community Services (KCS)
Pratt Urban Placemaking and Management: Barton Blossoming Growing Inclusive Public Space in Murray Hill, Queens Presentation
Pratt Urban Placemaking and Management: Barton Blossoming Growing Inclusive Public Space in Murray Hill, Queens Report
Asian-owned businesses have long been the New York metropolitan area’s economic engine, accounting for 20 percent of all businesses before the pandemic.
This supplement to our 2021 report, Hidden in Plain Sight: Asian American Poverty in the New York Metro Area, examines the changing demographics of Koreans living in poverty.
The number of Asian Americans living in poverty increased by 15 percent over the last decade in the New York metro area, from just over 252,000 in 2010 to almost 290,000 in 2019.
Asian American small businesses made up 20 percent of New York City’s businesses before the pandemic and were the fastest-growing segment of small businesses in our city.
The COVID-19 pandemic has resulted in a record rate of job loss for Asian New Yorkers, with unemployment benefit applications increasing by more than 6000% from February to June of 2020. At 1.3 million people, Asian Americans are over 16% of