Empowering New York’s Asian American Community Since 1989

Economic Development

Buzzfeed News: Falling Through the Cracks of the Chinese-American Dream

December 21, 2021  AAF in the NEWSEconomic DevelopmentMedia HighlightsPress


Hidden in Plain Sight: Korean American Poverty in the New York Metro Area

Download your FREE copy 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. Since the last Census, new population estimates show that

November 30, 2021  Economic DevelopmentResearch


Bloomberg: New York’s Once-Thriving Asian Businesses Struggle to Recover From 4,000% Unemployment Spike

October 28, 2021  AAF in the NEWSEconomic DevelopmentMedia HighlightsPress


NBC News: Number of poor Asian Americans in N.Y.C. area up 15 percent in 10 years, study says

October 21, 2021  AAF in the NEWSEconomic DevelopmentMedia Highlights


Hidden in Plain Sight: Asian Poverty in the New York Metro Area

Download your FREE copy 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. However, in an unprecedented shift, large numbers of

October 15, 2021  Economic DevelopmentResearch


Small Business, Big Losses: The Impact of the Covid Crisis on Asian Small Business in New York City

Download your FREE copy 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. However, they were devastated by the Covid crisis, with over

May 29, 2021  Economic DevelopmentResearch


The Impact of COVID-19 on Asian American Employment in NYC

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

January 26, 2021  Economic DevelopmentResearch


NYC’S Economic Engine: Contributions & Challenges of Asian Small Businesses (2016)

Asian-owned small businesses are an important source of jobs for new immigrants and provide an opportunity to learn skills specific to the American workplace. While this important economic engine is celebrated by leaders and policy makers, there is a seeming

December 5, 2016  Economic DevelopmentImmigration IntegrationOur WorkResearch


Making America Work: Asian Americans, Native Hawaiians and Pacific Islanders in the Workforce and Business (2014)

Making America Work examines the contributions Asian Americans bring to the U.S. economy through as workers and business owners and leaders. The goal of the report is to show the diversity of experiences in our communities. The report’s key findings

August 5, 2014  Economic DevelopmentOur WorkResearch