Hispanic-Owned Businesses Outpaced Overall Business Growth over 10-Year Period

The number of Hispanic-Owned Businesses grew 88 percent during the 10-year period from 1997 to 2007. Their growth rate was almost 3 times the national level (30 percent) for the period. Detailed information about Hispanic-owned business was recently released by the U.S. Census Bureau and can be found in the 2007 Survey of Business Owners (SBO). The SBO release provides final data on Hispanic businesses, including geographic and industry detail, business detail, and state-by-state growth.

 —Ying Lowrey, Senior Economist

3 Responses to Hispanic-Owned Businesses Outpaced Overall Business Growth over 10-Year Period

  1. Cursos Forex says:

    “The number of Hispanic-Owned Businesses grew 88 percent during the 10-year period from 1997 to 2007″…
    One average of 8,8% per year. This is a big increment.

  2. Nick says:

    I can’t think of anything else that has averaged 8.8% growth from 1997 to 2007.

    I’m really surprised by these results.

  3. Mike M says:

    As a small business owner in Austin TX I can attest to the growth in our community among hispanic business owners. I am always pleased to see diversity and healthy competition in the marketplace.

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