Filed Under: [ Business ] [ Hispanic News ]
Tags: population
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“The story of the Remaches sheds a personal light on statistics that the Census Bureau recently circulated as part of National Hispanic Heritage Month, a Congressionally designated period from Sept. 15 to Oct. 15 each year.
From 1997 to 2002, there was a 31 percent increase in the number of businesses in the 50 states and the District of Columbia owned by people of Hispanic origin. That was triple the 10 percent gain in the number of all businesses in the country during that period, the most recent for which the Census Bureau has issued such data. In 2002, nearly 200,000 of the 1.6 million Hispanic-owned businesses had at least one paid worker other than the owner.
Hispanic-owned businesses accounted for 7 percent of the 23 million businesses in the country in 2002 — a percentage likely to have risen since then, given population shifts. The Census Bureau has estimated that as of last year, the Hispanic population was 44.3 million, or 15 percent of the nation’s total, making it the country’s largest ethnic or racial minority.”*
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