Hispanic-owned Business growth

A good article to read is “Texas ranks high in Hispanic-owned business growth,” in the Austin American Statesman. The number of Hispanic people in our state who own a business has incredibly increased. From 2002 to 2007 the number has increased 40% and in Austin, the number has increased by 49% with $1.5 million of revenue to the Austin economy. According to the Census Bureau's Survey of Business Owners, this Hispanic-owned business growth rate exceeded the national growth rate for all businesses of 18 percent. It also says that Hispanic business employed 26 percent more than the business overall. The nation’s economic census is done every five years and the 2007 survey includes data from more than 2.3 million businesses. This survey is very encouraging for Hispanics in Texas since we are ranked 3^rd state with most Hispanic businesses with a 21% rate. This article is worth reading because it makes you realize how our state is growing and how our business are turning. For Hispanics, it is very important to read this kind of news because they see businesses that will provide services to Hispanics and also to know they have chances to own a business themselves.