Asian-Owned Businesses In Inland Empire Surpass Others In Sales And Numbers

By Neil Nisperos
Inland Valley Daily Bulletin, Calif.

WWR Article Summary (tl;dr) According to a new study by the UC Riverside School of Business Administration, Asian-owned businesses within the Inland region are outpacing other entrepreneurs in terms of new openings and revenue.

Inland Valley Daily Bulletin, Calif.

Minnie Baral had no restaurant experience when she opened Oke Poke restaurant in Chino Hills.

Baral, a member of the Corona-based Asian Business Association Inland Empire, believes Asians are risk-takers, and thus reap the rewards.

“They tend to try and explore certain businesses other people won’t,” Baral said. “For myself … I have a real estate/nursing background and I opened a restaurant. I took the risk to do that because I thought I had a good concept.”

It’s that kind of initiative that is spurring Asian-owned businesses to outpace other entrepreneurs in terms of new openings and revenue, according to a new study by the UC Riverside School of Business Administration Center for Economic Forecasting and Development.

Within the Inland region, average per-firm revenue at Asian-owned businesses exceeded all others by more than $20,000, or by 7 percent, during the study period of 2007 to 2012, researchers said.

During the research period, revenues grew by nearly 40 percent at Asian-owned businesses in the Inland Empire, even outpacing their counterparts statewide, who grew their businesses by nearly 30 percent, according to the report. By comparison, overall revenues growth in the Inland region was 9 percent, while the state saw an increase of 8 percent.

The number of Asian-owned businesses also grew at a rate of 15 percent locally, compared with 8 percent for the total number of new firms.

“I know that Asians in general are hard-working people, and they’re very resourceful,” said Raziel Arcega, owner of LNR Promotions, a marketing firm based in Chino, and past president of the Asian Business Association Inland Empire, a nonprofit trade organization working to promote the growth of Asian-owned businesses.

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