Wednesday, July 14, 2010

Latino-owned businesses booming in Utah

Business is booming in Utah according to recent reports by the Census Bureau.

It reported Tuesday that the number of Hispanic-owned businesses in Utah jumped by 78 percent between 2002 and 2007 — and revenues rocketed up by almost 138 percent.

In 2002, it estimated that Hispanics owned 5,177 businesses in Utah. Five years later, it estimated that they owned 9,221.

Hispanics still owned only about 3.7 percent of all businesses in Utah — while they make up 11.6 percent of the population, the Census Bureau estimated.

That 78.1 percent growth for Hispanic-owned businesses in Utah was eighth-fastest among the states.

For the full article on this Hispanic-owned business boom in Utah.