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FACTS ABOUT HISPANIC BUSINESSES IN BALTIMORE
• Hispanics are the second largest minority in Maryland, with an estimated population of close to 300,000 representing over 6.3% of the population, and these numbers are expected to have a least doubled by the 2010 Census.
• The State of Maryland gained more than 104,000 Hispanics throughout the 1990's according to the latest census data. These numbers are expected to at least double by next year's Census.
• The number of prosperous Hispanic households-those with incomes of at least $100,000-rose 137 percent between 1990 and 2000. Hispanics living in the Washington, DC metropolitan area represent the wealthiest of all regional groups. (Source: U.S. Census Bureau)
• The over 400,000 Hispanic consumers in the Washington metropolitan area are considered the most affluent Hispanics in the country (Source: Latin Quarter News)
• There were 1.6 million Hispanic-owned businesses in 2002, up 31 percent from 1997. Their receipts were $226.5 billion, up 22 percent from 1997.
• Hispanic owned firms in the United States are expected to grow 55% to 3.2 million by the year 2010. (Source: HispanTelligence)
• Maryland had 11,158 Hispanic businesses in 1997, with an expected increase to over 20,000 by the year 2010 (Source: HispanTelligence)
• A total of 199,725 Hispanic-owned businesses had paid employees and their receipts totaled $184 billion, or about $921,090 per firm.
• Hispanic-owned businesses with no paid employees numbered 1.4 million, up 39 percent from 1997. They had receipts of $42.5 billion, up 54 percent from 1997. Average receipts of these businesses were $30,925 per firm.
• About 40 percent of Hispanic-owned firms were in administrative and support and waste management; health care; and other service industries. Another 13 percent were in construction.
• The distribution of Hispanic-Owned firms in Maryland by industry category indicates that the services industry dominates (49.6%), followed by construction (14.8%) and retail trade (5.4%).
[SOURCE: MARYLAND HISPANIC CHAMBER OF COMMERCE]
All pictures and text © 2009 Elianne Ramos. All Rights Reserved.
Comments
Thank you for writing something positive about Latinos and the positive contributions we make to the state of Maryland and this country.
Too many times all you hear about Latinos is how many are illegal or undocumented, don't speak English and how we are taking job and social services from Americans.
This article shows that the Latino community in general is making a great contribution to the state of Maryland, also at the same time similar contributions are made by Latinos across the U.S.
In reference to the numbers of Latinos in Maryland, I think they are much higher, is well know that the U.S. Census did a pretty bad job on 2000 counting Latinos. I know this because I show it with my own eyes. I only hope that this time around they do a better job.
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