May 30 2006

Hispanics: Business Ownership Key to American Dream

Published by at May 30, 2006 4:29 am under Hispanic Marketing

It can’t be denied — Hispanics and hard work go together like American business and cheap labor.

This partly explains why the rate of Hispanics who start their own businesses far outpaces the national average by a 3-1 ratio.

Many Hispanics see being their own boss as the only way to true prosperity here.

In 2002, there were 1.6 million Hispanic-owned establishments, a 31 percent jump from 1997. Today there are an estimated 2 million establishments with more opening each month.

Of those Hispanic-owned businesses, nearly half are owned by people of Mexican descent, and the majority are mom-and-pop operators

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