Census Bureau Reports Hispanic-Owned Businesses Increase at More Than Double the National Rate
"The number of Hispanic-owned businesses in the United States increased by 43.7 percent to 2.3 million, more than twice the national rate of 18.0 percent between 2002 and 2007, the U.S. Census Bureau announced today. About 45.8 percent of all Hispanic-owned businesses were owned by people of Mexican origin.

Hispanic-owned businesses generated $345.2 billion in sales in 2007, up 55.5 percent compared with 2002. The number of Hispanic-owned businesses with receipts of $1 million or more increased 51.6 percent — from 29,168 to 44,206 businesses between 2002 and 2007.

These new data come from the Survey of Business Owners: Hispanic-Owned Businesses: 2007, which provides detailed information every five years for Hispanic-owned businesses, such as the number of firms, sales and receipts, number of paid employees and annual payroll..."