Across busy neighborhoods in Miami and beyond, the hum of Latino-owned businesses tells a story of grit and ambition. They’re the bodegas, tech startups, construction firms, and family-run restaurants that keep local economies alive. The reality is that their contribution to the U.S. economy is essential. Yet, many of these businesses face barriers that prevent them from fully realizing their potential – and this is something that affects many other Latino-owned businesses across the nation. READ MORE AT BELATINA
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About 7.1% of the nation’s 5,681,118 employer firms (businesses with at least one paid employee) in the United States were Hispanic-owned in 2021 and the construction sector had the largest number of Hispanic-owned businesses, according to the U.S. Census Bureau. Hispanic-owned firms generated $572.9 billion in revenue, around 3.3% of the total revenue ($17.4 trillion) generated by all employer businesses in 2021.
California had the largest number of Hispanic-owned firms (88,920), but not the largest share (about 11.8%) of that state’s 750,821 employer firms. Around 18.1%, or 85,966 of Florida’s 473,751 firms and about 14.6% or 63,560 of Texas’ 436,808 firms were Hispanic-owned. READ MORE AT US CENSUS BUREAU
According to a December 2023 report from the U.S Chamber of Commerce, despite headwinds from high inflation and a tight labor market, small business confidence was up at year-end and remains steady after the first quarter of 2024.
And that is good news for business owners, including the more than 600,000 Hispanic small business owners in Florida. The Sunshine State ranks as the second highest in the number of Hispanic small business owners.. READ MORE AT YAHOO FINANCE
National Hispanic Heritage Month is annually celebrated from Sept. 15 to Oct. 15 for recognizing the contributions and influence of Hispanic Americans to the history, culture and the achievements of the United States. As the Hispanic population continues to grow in Florida, we take a look at how state, county and local communities are working to integrate and celebrate this growing population. VIEW VIDEO DISCUSSION AT SPECTRUM NEWS 13
Inflation and rising interest rates will affect the South Florida real estate market in 2023, but it will still remain strong thanks in part to foreign buyers, mainly from Latin America, who were number one in 2022, according to specialists consulted by EFE. READ MORE AT EL AMERICAN
Florida is one of the many states in the U.S. whose name is Spanish in origin. “La Florida” which can be translated to mean “the flowering” references the beautiful flowers that grow and blossom here. Florida’s name is not the only mark that Hispanic people have left on the state, especially South Florida.
Although the arrival of Spanish-speaking people came long before the 1930s, most Hispanic contributions can be traced to large immigration groups of Cubans, Venezuelans and Nicaraguans. READ MORE AT THE CURRENT
