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Hispanic-owned businesses growing more than twice as fast as national average

by Midnight Oil
8 replies
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Hispanic-owned businesses growing more than twice as fast as national average | Fox News Latino
  • Profile picture of the author ForumGuru
    Banned
    Hispanics accounted for over half of the population growth (2000-2010) in the US so I suspect many believe their is a correlation.

    The 2010 Census counted 50.5 million Hispanics in the United States, making up 16.3% of the total population. The nation’s Latino population, which was 35.3 million in 2000, grew 43% over the decade. The Hispanic population also accounted for most of the nation’s growth—56%—from 2000 to 2010.

    Hispanics Account for More than Half of Nation
    Cheers

    -don
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  • Profile picture of the author WalkingCarpet
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    "They said alien and she thought it meant illegal alien." Aliens (1986)
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  • Profile picture of the author garyv
    That headline is misleading. The article is about the "number" of businesses growing at twice the rate - not actual business. That has nothing to do with actual business growth. That number includes businesses that will start and fail - and some will never actually do any business.
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    • Profile picture of the author TimPhelan
      Originally Posted by garyv View Post

      That headline is misleading. The article is about the "number" of businesses growing at twice the rate - not actual business. That has nothing to do with actual business growth. That number includes businesses that will start and fail - and some will never actually do any business.
      I don't think it's misleading at all and the number of current businesses wouldn't include businesses that failed since 2007. Sure, there are many of the current businesses that will fail, among all groups.
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      • Profile picture of the author garyv
        Originally Posted by TimPhelan View Post

        I don't think it's misleading at all and the number of current businesses wouldn't include businesses that failed since 2007. Sure, there are many of the current businesses that will fail, among all groups.

        Yes, but Hispanic businesses have a failure rate of 50% in the first year, where the average failure rate in the first year of business is around 15%.

        And I'm not saying that it couldn't happen. Of course it will eventually happen. The Hispanic population growth rate is much higher in this country than others.

        But it's not happening right now the way this propaganda piece is saying. This study was put out there by the Hispanic chamber of commerce. Not exactly a non-biased group.
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        • Profile picture of the author TimPhelan
          Originally Posted by garyv View Post


          And I'm not saying that it couldn't happen. Of course it will eventually happen. The Hispanic population growth rate is much higher in this country than others.

          But it's not happening right now the way this propaganda piece is saying. This study was put out there by the Hispanic chamber of commerce. Not exactly a non-biased group.
          What couldn't happen?

          I don't see how this is propaganda Gary. Isn't it a good thing there are a growing number of hispanic businesses, whether a higher percentage fails or not?
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          • Profile picture of the author garyv
            Originally Posted by TimPhelan View Post

            What couldn't happen?

            I don't see how this is propaganda Gary. Isn't it a good thing there are a growing number of hispanic businesses, whether a higher percentage fails or not?
            Of course it's a good thing. But fudging real numbers is not a good thing, unless you have an agenda. Possibly a political agenda that involves amnesty for a group that would help your political causes. Of course the Hispanic Chamber of Commerce would never have a political agenda that leans toward amnesty right?
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  • Profile picture of the author ForumGuru
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    This is not at all a new story or trend...between 1997 and 2002 Hispanic owned businesses were growing at three times the national average.

    According to a new report released by the Census Bureau, Hispanic-owned businesses now comprise one of the fastest-growing segments the U.S. economy. Between 1997 and 2002, the number of businesses owned by Hispanics grew by 31 percent -- three times the national average for all businesses -- hitting 1.6 million in 2002 and generating some $222 billion in revenue.

    Hispanic-Owned Businesses Booming - ABC News
    Cheers

    -don
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