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

Posted: Updated:
HISPANIC BUSINESSES
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.

Also on HuffPost:

Close
Iconic Companies Founded By Immigrants
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction