Hispanics Hispanics Changing the Face of Business

Hispanics make up 4% of the 7.7 million U.S. business owners with paid employees.

46% of Hispanic business owners are under the age of 45.

Hispanic-owned businesses in the U.S. will grow 55% in the next six years to 3.2. million.

Hispanics own 5.8% of all U.S. businesses.

More than one-third (34.9%) of Hispanic-owned firms are owned by women.

Hispanic women own 553,618 U.S. businesses, employe 320,000 and generate $44.4 billion in sales nationwide.

Hispanics accounted for half of the nation’s population growth between July 1, 2003 and July 1, 2004.

Hispanics are filling one of every three job openings.  (Bureau of Labor Statistics)

Source: U.S. Census, U.S. Economic Census, Center for Women’s Business Research


Ira S Wolfe