Hispanic firms growing in South Carolina

“Horry County has seen a spike in Hispanic-owned businesses, from 117 in 1997 to 184 in 2002, the most recent year for which data is available.

“What’s happening in South Carolina is happening all over the country,” said Guillermo Meneses, spokesman for the U.S. Hispanic Chamber of Commerce. “Latinos are coming to this country to seek the American Dream. Wherever you see the opportunity for work and growth you will see Latinos there.”

Although they make up a relatively small percentage of South Carolina’s 293,000 businesses, the number of Hispanic-owned firms grew by 48 percent between 1997 and 2002, to 3,015 firms statewide. The revenue from Hispanic-owned firms also increased to $691 million in 2002 from $251 million in 1997, according to the S.C. Budget and Control Board.”

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