According to a study done by Hispanic Business Magazine, the number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion.
After talking to the President of the Hispanic Chamber of Commerce, Lea Marquez-Peterson, I learned that Hispanic-owned businesses were growing faster than any other group in the United States. I also learned that Latina's were outnumbering men in starting up new businesses. She said there were several reasons for the growth of Hispanic-owned businesses:
-there are more educational opportunities available, and more people (especially women) are getting the information they need to start and run a business
-the massive rise in unemployment has made it harder to find jobs so many have decided to just start their own businesses
-right now is a great time to start a business if the person is prepared, because real estate is low and there are many out-of-work employees
She also said that many established business are using this time to expand. One of Tucson’s landmarks, El Charro has revamped one of its stores to turn it into Sir Vezas, which seeks to attract a younger crowd.
Dear Samantha,
ReplyDeleteyour article is very intersting. I live in France and im finishing my english master degree. I spent a year at the U of A as an exchange student and currently doing a research project on mexican people in the city Tucson so maybe you can help me? I'm trying to find if there is any upper mexican business or political class in Tucson.Any idea of website or magazine i could check on this subject?
Thank you
Best regards,
O.R