Filipino Americans, with 16,610 residents, made up 6.2% of Jersey City's population. The Five Corners district is home to a thriving Filipino community and Jersey City's Little Manila, which is the second-largest Asian American subgroup in the city. A variety of Filipino restaurants, shippers and freighters, doctors' officers, bakeries, stores, and an office of The Filipino Channel have made Newark Avenue their home. The largest Filipino-owned grocery store on the East Coast of the United States, Phil-Am Food, has been there since 1973. An array of Filipino-owned businesses can also be found at the section of West Side of Jersey City, where many of its residents are of Filipino descent. In 2006, a Red Ribbon pastry shop, one of the Philippines' most famous food chains, opened its first branch on the East Coast in the Garden State. Manila Avenue in Downtown Jersey City was named for the Philippine capital city because of the many Filipinos who built their homes on this street during the 1970s. A memorial, dedicated to the Filipino American veterans of the Vietnam War, was built in a small square on Manila Avenue. A park and statue dedicated to Jose P. Rizal, a national hero of the Philippines, is located in downtown Jersey City. Jersey City is the host of the annual Philippine-American Friendship Day Parade, an event that occurs yearly in June, on its last Sunday. The City Hall of Jersey City raises the Philippine flag in correlation to this event and as a tribute to the contributions of the Filipino community. The Santacruzan Procession along Manila Avenue has taken place since 1977.