Entrepreneurial Power of Latinos

From the Immigration Policy Center:

New Census Data Underscores Growing Entrepreneurial Power of Latinos

New data released this week by the U.S. Census Bureau highlights the rapidly growing economic power of Latino-owned businesses in the United States. According to the Bureau’s 2007 Survey of Business Owners, there were 2.3 million Latino-owned businesses in the country as of 2007, which generated $345.2 billion in sales and employed 1.9 million people. Moreover, the number of Latino-owned businesses grew by 43.7 percent between 2002 and 2007, which was more than twice the national average. In other words, the Latino community tends to be highly entrepreneurial, and the businesses which Latinos create sustain large numbers of jobs. Read more…
 
bh