Friday, September 26, 2014

Hispanic-owned businesses growing more than twice as fast as national average

Hispanic owned businesses across the United States are growing more than twice the national average since 2007, according to a new report.

The Hispanics in Business 2014 study, by Geoscape, says Hispanic owned businesses will grow to 3.22 million by the end of 2014 and exceed $486 billion in annual revenue. The number of Hispanic businesses has increased 43 percent since 2007, the rate of all U.S. businesses increased 18 percent during the same period, and revenue that year was $358 billion.

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