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Hispanic-owned Businesses

SME Toolkit offers complimentary business advice to Hispanic-owned businesses. Hispanic-owned businesses are currently the fastest growing segment in this market and that trend is expected to continue to grow over the next five to 10 years.

SME Toolkit ofrece consultoria de negocios complementaria al mercado de negocios propiedad de hispanos. Este sector de mercado es el que más rápido ha crecido últimamente y se espera continue su crecimiento en los proximos cinco a diez años. Ver información en español aquí learn more arrow

Read the SME Toolkit content in Spanish here learn more arrow


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Of Note
Hispanics in the United States are opening businesses at a rate that is three times as fast as the national average, according to a report released yesterday by the U.S. Census Bureau.

Nationally, there were nearly 1.6 million Hispanic-owned firms, still a small percentage of the 23 million individually owned businesses in the country. But Ying Lowrey, senior economist at the Small Business Administration's advocacy office, said minority-owned firms represent the fastest-growing segment of the nation's economy.

Hispanic immigrants "want to go into their own business as soon as they can leave their day jobs after saving enough money," said Michael Veve, a Washington lawyer who consults with small-business owners who want to do business with the federal government. "They seem to have a very clear perception that they can do better financially in their own businesses."

washingtonpost.com
March 22, 2006
 
 
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