ROCHESTER HILLS, Mich., Sept. 14, 2011 /PRNewswire/ -- The Census data for 2010 reflect better than expected growth in the population and enterprises of Asian-Pacific citizens. As Michigan lost 55,000 fewer people in 2010 than in 2000 -- a loss of 0.6 percent of our citizens; the Asian and Pacific Islander population reached 293,766 over the same time period; an increase of 34.9 percent, which overwhelmed the adverse impact of two business cycle downturns experienced by Michigan during the decade. This counter-cyclical growth in population and entrepreneurial activity is a source of hope and regeneration of our state according to a new study commissioned by the Asian Pacific American Chamber of Commerce in Rochester Hills. David Littmann, an economic consultant and senior economist for the Mackinac Center for Public Policy, conducted the study.
According to the 2007 Survey of Business Owners, Asian-Americans in Michigan preferred entrepreneurial activities representing health care & human services, professional and scientific research and consulting, retail, travel, and a wide variety of professional, technical, and automotive, and manufacturing services. Among top Asian American-owned businesses in the state are Lakeshore Group in Detroit, NYX, Inc in Livonia, Saturn Electronics & Engineering, Inc. in Rochester Hills, HTC Global Services, Inc in Troy, Acro Service Corp. in Livonia, Synova Inc. in Southfield, KC Integrated Services LLC in Warren, Saturn Electronics Corp. in Romulus, Roy Smith Co. in Detroit, and Ebinger Mfg/Jets Mfg. Co. in Brighton.
Within Michigan, most Asian-American population, firms, and employees are located in southeast Michigan. The leading counties with Asian-American population growth are generally Oakland, Wayne, Macomb, and Washtenaw. Asian-Americans owned roughly 2.60 percent of all firms in Michigan. In the largest counties of southeast Michigan, Asian-Americans represented a much larger proportion of ownership: 3.7 percent in Wayne county, (2.3 percent in the city of Detroit); 4.7 percent in Oakland County.
"APACC stimulated economic growth for both Asian and American businesses locally and globally, said Peter Wong, APACC chairman. "We are recognized by Michigan industries as the 'bridge' to the global Asian market."
APACC's mission is to facilitate business relationships among Asian and U.S. companies and to promote entrepreneurship for the advancement of Asian Pacific American. The Chamber represents over 4000 Asian owned businesses in the state with its partnership of Asian business organizations.
SOURCE APACC-Asian Pacific American Chamber of Commerce