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In the report
The number of Hispanic-owned businesses grew at three times the national rate for all companies from 1997 to 2002.
By Times Staff
Published March 22, 2006
According to a report released Tuesday by the Census Bureau:
Nearly three in 10 Hispanic-owned companies were in construction or service-related industries in 2002.
Hispanic-owned businesses generated nearly $222-billion in revenue in 2002, up 19 percent from five years earlier.
New York City in 2002 had the most Hispanic-owned businesses, 129,461, followed by Los Angeles, Houston and Miami.
There were 29,184 Hispanic-owned companies with receipts of $1-million or more in 2002.
There were 1,510 Hispanic-owned companies with 100 or more employees that generated more than $42-billion in receipts.
About 44 percent of Hispanic business owners were of Mexican descent.
[Last modified March 22, 2006, 12:40:33]
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