Similar Stories to Get Started: Hispanic Business Growth Outstrips Rest Of Us on Bing News

The growth in Hispanic-owned businesses in the U.S. is outstripping that of companies in general, according to a study released Monday. Between 2012 and 2015, the number of Hispanic-owned businesses has grown at an annual rate of 7.5 percent, 15 times faster than the 0.5 percent growth rate for all companies, according to the study by the consulting firm Geoscape and the United States Hispanic Chamber of Commerce. There are an estimated 4.07 million Hispanic-owned businesses in the country, up 57 percent since 2007, the study said. Revenue at Hispanic-owned companies has also surged, rising 88 percent to a projected $661 billion this year from $351 billion in 2007. While Geoscape expected an increase in growth of Hispanic-owned businesses, the pace came as a surprise, said Cesar Melgoza, CEO of the Miami-based company that has released other studies on Hispanic business in the U.S. One reason for the increase is the difficulty some Hispanics have found working and advancing in big U.S.

BING NEWS:
  • Hispanic Consumers Fuel CPG Growth
    According to two reports from marketing researcher and consumer analytics advisor Circana, Hispanic consumers are fueling 16% of total consumer packaged goods (CPG) growth in the United States, with ...
    11/19/2024 - 5:17 am | View Link
  • Hispanic-owned businesses surging on U.S. mainland
    Hispanic business owners accounted for nearly 5.2 million companies with $766.8 billion in annual sales, 3 million employees, and $124.4 billion in annual payroll. #NewsismyBusiness ...
    11/17/2024 - 8:09 pm | View Link
  • Empowering Hispanic-Latino Business Ownership Through Community Investment
    While the Hispanic-Latino entrepreneurial community is driving U.S. economic growth, there are still roadblocks hindering their full potential.
    11/14/2024 - 10:15 pm | View Link
  • Bakeries to barber shops: A booming Hispanic population is thriving in New Orleans
    A quick drive down Williams Blvd. in any direction can provide a snapshot of a boom of Hispanic-owned restaurants, shops, lawyers offices, health clinics and La Industria Barbershop, the newest ...
    11/14/2024 - 8:17 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News