Number Of Hispanic-Owned Businesses Nearly Doubled Over The Last Decade

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Reynaldo Robledo, second from left, walks with his sons Everado, left, Lazaro, second from right, and Jenaro, right, walks through a vineyard together at the Robledo Family Winery in Sonoma, Calif., Saturday, Sept. 18, 2010. The Robledo winery is one of a handful of Latino-owned wineries that have sprouted on modest acreage, reaching the ready glasses and educated palettes of Hispanic professionals and others. (AP Photo/Eric Risberg) | AP

NEW YORK — The number of Hispanic-owned businesses in the U.S. is expected to nearly double this year from 2002.

That's the finding of a study released Friday by the U.S. Hispanic Chamber of Commerce and Geoscape, a company that provides demographics data. The study, which analyzes U.S. census data and other information, projects there will be nearly 3.2 million Hispanic-owned businesses in the country in 2013, up from nearly 1.7 million in 2002.

The study also forecasts that the number of Hispanic-owned businesses in what it calls the South Atlantic region – Maryland, Virginia, West Virginia, the Carolinas, Georgia and Florida – will surpass the number in the Pacific region, which includes the West Coast and Alaska and Hawaii.

The study projects that there will be more than 866,000 Hispanic-owned businesses in the South Atlantic this year, compared with nearly 796,000 in the Pacific.

The surge in Hispanic-owned businesses reflects the rapid growth of the Hispanic population. The number of Hispanics counted in the U.S. census in 2012 rose 2.2 percent from 2011 to 53 million.

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