Hispanic-owned businesses expand in central Mississippi

“A Small Business Administration report released in April showed about 9.6 percent of all Hispanic-owned businesses were in retail trade. This sector followed construction 13.5 percent, administrative support services 13.2 percent and health care 11.2 percent nationally.

Hispanic-owned restaurants and bars in Mississippi increased roughly from 44 in 1997 to 101 in 2002, said Lee Wentela, chief of the Economic Census Branch. Sales at those firms went from $8.6 million to $32.4 million – a 277 percent increase – in the same period. Nationally, Hispanic-owned establishments grew 38 percent.
The $32.4 million is about 15 percent of the $213 million in reported earnings for Hispanic-owned businesses in Mississippi in 2002, the latest figures available.”

Stumble it! | |

Other posts that may interest you

Hispanic-owned businesses spike in Mississippi

The Nashville Business Journal reports that Hispanic businesses grew in number from 1997 to 2002 at a rate slower than black-owned businesses but four times as fast as white-owned businesses.

Hispanic-owned businesses grow in Minnesota

Hispanic laborers boost businesses in Biloxi, Mississippi

Mentoring Program Established For Hispanic-Owned Businesses - Indiana

LOPEZ NEGRETE COMMUNICATIONS RANKS NUMBER ONE AMONG TOP 100 DIVERSITY OWNED BUSINESSES IN TEXAS

Columbus Hispanic firms count for 16% in Ohio

New book celebrates rise of Latina-owned businesses

Hispanic businesses meet area's needs in Janesville, Wisconsin

Orlando area is fertile ground for Hispanic-owned businesses