Thursday, December 1, 2016

Hispanic-Owned Businesses on the Upswing

"With the recent conclusion of another annual celebration of Hispanic Heritage Month, here are two sources of business data that show gains in America’s Hispanic-owned businesses.
Survey of Business Owners
The number of U.S. businesses owned by Hispanics grew by more than 1 million firms, or 46.3 percent, from 2.3 million to 3.3 million from 2007 to 2012. In contrast, the total number of all U.S. firms increased 2.0 percent during the same period, from 27.1 million to 27.6 million.
Annual Survey of Entrepreneurs
More business statistics from the inaugural 2014 Annual Survey of Entrepreneurs, which provides statistics for employer businesses only, show that among the nation’s nearly 300,000 Hispanic-owned firms with paid employees, more than half were located in one of three states: California (66,487), Florida (59,987) or Texas (49,722). Among the 50 most populous metro areas, Hispanic-owned firms were most commonly found in Miami-Ft. Lauderdale-West Palm Beach (44,599), New York-Newark-Jersey City (28,949) and Los Angeles-Long Beach-Anaheim (28,858)...."
Hispanic Businesses

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