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You are here: Home / History / How many American businesses are owned by Hispanic Americans?

How many American businesses are owned by Hispanic Americans?

March 28, 2020 by Karen Hill

Belying the common image of the Hispanic American as a hired hand in someone’s factory or field, Latinos are more likely than ever to run their own companies.

As of 1992, Hispanic Americans owned 862,605 businesses-5 percent of all the businesses in the country. California, Texas, and Florida have especially high numbers of Hispanic-owned business.

Most Hispanic American businesses are small firms owned by a single proprietor. Many of these firms are new.

The number of Hispanic-owned businesses increased 76 percent from 1987 to 1992, nearly triple the rate of growth for U.S. firms as a whole.

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Filed Under: History

About Karen Hill

Karen Hill is a freelance writer, editor, and columnist. Born in New York, her work has appeared in the Examiner, Yahoo News, Buzzfeed, among others.

Previous Post: « What types of work do Hispanic Americans do and in which occupations?
Next Post: What are Pseudo Hispanics and Where do Pseudo Hispanics come from? »

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