Hispanics set the pace in business ownership

Posted on: May 13th, 2006
Filed Under: [ Business ] [ Hispanic News ]
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“The ranks of Hispanic-owned businesses in the United States grew 43 percent, to 1.6 million, from 1997 to 2002 – quadruple the growth of all companies. The companies generated about $222 billion in revenue, up 19 percent, according to a new report on Hispanic businesses from the U.S. Census Bureau.

The rate of growth in Hispanic businesses exceeds the growth rate in the country’s Hispanic population, which increased 23 percent to 37 million.

Marketing experts said that many Hispanic-owned companies benefit from wider social and cultural acceptance in the overall marketplace.”

SOURCE: in English / Fuente en Ingles
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