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 analyzed U.S. census data and other information, projected there would 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 the South Atlantic region will surpass the number in the Pacific region this year.
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.
MORE HBJ HEADLINES
McDonald’s announces shift to cage-free eggs E-commerce invades old-school mattress business Briefs: Swedish Edmonds adds vice president of medical affairs France plans to close its oldest nuclear plant Army awards Indiana company $428 million ambulance contract Boeing plans to increase 767 production
Our new comment system is not supported in IE 7. Please upgrade your browser here.