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“Intventures, Inc., a new media content provider in the U.S. Hispanic market, announced today the launch of its new web site Hispanic SMB. The new site, which is located at http://www.hispanicsmb.com is the first online community dedicated exclusively to the 1.6 million plus Hispanic owned small businesses in the United States. The new portal provides free resources, content, news and community features designed to help the growing number of Latino small and medium sized enterprises.
According to recent U.S. Census data the number of Hispanic-owned businesses grew 31 percent between 1997 and 2002 — three times the national average for all businesses. More significantly, Census data reveals that the nearly 1.6 million Hispanic-owned businesses generated nearly $222 billion in revenue, up 19 percent from 1997. In the words of Census Bureau Director Louis Kincannon, “The growth we see in Hispanic-owned businesses illustrates the changing fabric of America’s business and industry. With Hispanic businesses among the fastest growing segments of our economy, this is a good indicator of how competitiveness is driving the American economy.””
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