U.S. Hispanic Owned Company Forecast for 2008 Totals 2.2 Million, New Report Released by Hispantelligence(R)

Entrepreneurship, the willingness to take a risk and start one’s own business, has always been the driving force of the U.S. economy. Research indicates that among American minority groups, Hispanics are the most likely to start their own business. The most recent government data shows Hispanics own the largest number of firms.

Continued growth is expected. HispanTelligence projects that sales from Hispanic-owned firms will reach $330.1 billion in 2007, and is projected to reach $539.0 billion by 2012. The retail trade, wholesale trade, and construction account for the top 3 industries within the Hispanic market according to a new Market Brief: “Hispanic-Owned Businesses, Growth Projections to 2012” released today by HispanTelligence, the research division of Hispanic Business Inc.

HispanTelligence estimates that existing trends support the projections of at least 2.2 million Hispanic-owned businesses generating close to 388.7 Billion Dollars in revenues in 2008.

“The strong growth reflected in this report indicates the increasingly integral role of Hispanic-owned firms in the U.S. economy ” explained Dr. Juan Solana, HispanTelligence Chief Economist.

The Market Brief: Hispanic Owned Businesses, Growth Projections to 2012 highlights the latest research on U.S. Hispanic owned businesses. It includes in-depth analysis of Hispanic-owned Businesses by Hispanic origin, sales and receipts, number of employees, industry, and metropolitan area. The report can be purchased online at the Hispanic Business Store at secure.hbinc.com/product/view.asp?id=217

For further information on this and other market briefs, contact Business Economist Frankie Rey de Perea at (805) 964-4554 ext. 212 or by e-mail: Frankie.Rey.De.Perea@hbinc.com “*

*From: http://www.hispanicprwire.com
Traducido: usando Google o Altavista/Babel Fish

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