Hispanic Businesses in Texas Skyrocket

Wednesday, Sep 22, 2010  |  Updated 10:00 AM CDT
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Hispanic Businesses in Texas Skyrocket

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U.S. Census figures show Texas is ranked third nationally when it comes to number of Hispanic-owned businesses.

The number of Hispanic-owned businesses in Texas grew by 40 percent between 2002 and 2007, reaching 447,000. The government figures, released Tuesday, show Texas was behind California and Florida.

The Austin American-Statesman reported Wednesday that Texas was also No. 3 in percentage of businesses that are Hispanic-owned, with 21 percent.

Gabriel Sanchez, who is regional census director for Texas, Louisiana and Mississippi, says the figures are encouraging. Sanchez says the trends are self-evident to anyone who has spent time driving around Texas and "in these times when people are so concerned about jobs, businesses create jobs, so growth of any businesses is good overall."

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