Hispanic-Owned Business Facts:
Did you know?
The number of Hispanic-owned businesses is increasing at more than twice the rate of the national average.
The number of Hispanic-owned businesses has doubled since 2002, growing at more than twice the rate of the national average.
There are approximately 3.2 million Hispanic-owned businesses in the US, that combined, contribute in excess of $470 billion to the American economy every year.
The number of Hispanic-owned businesses with receipts of $1 million or more increased 51.6 percent — from 29,168 to 44,206 businesses between 2002 and 2007.
Hispanic-owned businesses comprised 23.6 percent of all businesses in New Mexico, highest among all states, followed by Florida (22.4 percent), Texas (20.7 percent), California (16.5 percent) and Arizona (10.7 percent).