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Hispanic Economy in Transition - Chapter 6 - Business & Entrepreneurship
Hispanic Business Inc, June 2008
Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S.
Hispanic purchasing power has rapidly increased.
This report takes an in depth look at how today’s Hispanic Economy is transitioning into an economic power in the U.S.
Chapter 6 - Business & Entrepreneurship
Offers insights into the dynamics and key characteristics of U.S. Hispanic entrepreneurial and business endeavors
Chapter 6: Businesses and Entrepreneurship
- Hispanic-owned companies are among the fastest-growing business segments in the nation, and here too small businesses drive growth. The number of Hispanic firms jumped 273 percent between 1987 and 2002, rising to 1.6 million, according to the latest 2002 Survey of Business Owners published in 2006.
- Service industries predominated among Hispanic-owned firms. The largest single industrial sector, as classified by the U.S. Census, was “Other Services,” accounting for 15.8 percent of all Hispanic-owned firms.
- Not surprising, Hispanic firms are concentrated in states with large Hispanic populations. California is home to 27.2 percent of all Hispanic companies, according to 2002 Census data. Next is Texas with 20.3 percent, while Florida ranks third.
- Hispanic-owned companies represent an increasingly important component of the U.S. enterprise economy. The author estimates that the number of Hispanic-owned firms approached 3 million in 2008, with business receipts of $389 billion.
Customers who bought this item also bought
Hispanic Economy in Transition - Entire Report
Hispanic-Owned Businesses: Growth Projections to 2012
Hispanic Economy in Transition - Chapter 1 - Population
Hispanic Economy in Transition - Chapter 5 - Wealth
Hispanic Economy in Transition - Chapter 3 - Labor Force
Hispanic Economy in Transition - Chapter 9 - Politics
Hispanic Economy in Transition - Chapter 8 - Youth
Hispanic Economy in Transition - Chapter 2 - Household
Hispanic Economy in Transition - Chapter 7 - Education
Hispanic Economy in Transition - Chapter 4 - Consumer Markets
2004 U.S. Hispanic Women in Profile
The U.S. Hispanic Economy in Transition: Facts, Figures, and Trends – 2005 Edition
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