EXECUTIVE SUMMARY
Among its key findings for Asian-owned businesses, the report shows that from 1997 to 2012, the number of Asian-owned businesses in Wisconsin grew by more than 2.5 times. Asian-owned businesses are generally smaller in terms of sales and employment. For example, for every dollar generated by non-Hispanic white-owned businesses with employees, Asian-owned employer businesses made $0.62 on average. The COVID-19 pandemic uniquely impacted Asian business owners as anti-Asian sentiments negatively impacted businesses. In Wisconsin, support for Asian business owners could include attention to financing challenges for Hmong entrepreneurs specifically who have lower wealth levels on average.
How Ready are Owners for Business Succession and Transition?
