Celebrating the Contributions of Asian Entrepreneurs to the LA Economy

2016 Lunar New Year Awards

2016 Lunar New Year Entrepreneurial Spirit Awardees with their business counselors and PACE's executives and Board Members

PACE held its 9th Annual Lunar New Year Asian Entrepreneurial Spirit Celebration & Awards Luncheon on Friday, February 19, 2016 at the New Capital Seafood Restaurant in San Gabriel. Over 120 elected officials, business and community leaders, and small business owners gathered to join in the celebration and to honor the five businesses selected to receive the Entrepreneurial Spirit Awards.

Sponsors of the Luncheon included City National Bank, Boston Private, US Bank and East West Bank. Former California State Assemblyman Mike Eng was the emcee for the event and was thrilled to present the awardees with an honorary plaque and a small grant award. The opening of the luncheon included a special performance by the Ane Thanh Lion Dance group .

The celebration recognized and acknowledged the accomplishments and importance of Asian small, micro and SOHO (small office/home office) business owners to the Los Angeles economy. Also recognized during the event were several of PACE Business Development Center’s supporters and funders.

According to PACE Business Development Center Director Namoch Sokhom, immigrant entrepreneurs have become a reliable source of economic growth, producing thousands of micro-businesses, thousands of jobs and a surprisingly high share of the region’s fastest growing firms. “We want to use this opportunity to encourage our small businesses and to recognize their accomplishments as we celebrate this Lunar New Year!” remarked Mr. Sokhom.

The entrepreneurs and businesses honored included:

  • Mr. Tianxiang Zhang, Panda Green Technology Inc., Los Angeles
  • Mr. Hongquan Li and  Ms. Xiumin Zhu, Energy Massage, Torrance
  • Ms. Yong Nam Kim, Sunny Market, Los Angeles
  • Ms. Aksarapak Bondu, Sawadee Thai Spa, Los Angeles
  • Mr. Herbert Alvarez Wong, HDKA Transport LLC, Monterey Park