By NWBC Council
It was estimated that there were 1.9 million Hispanic women-owned firms in the United States in 2016, employing 550,400 workers and generating $97 billion in revenues. The number of Hispanic women entrepreneurs grew at a faster rate than any other group – 137 percent between 2007 and 2016.  With the United States Census Bureau projecting the number of Hispanic women to nearly double by 2050 and for Hispanic people to become the number-one minority group in the United States, the growth rate in the number of Hispanic women-owned businesses is expected to continue to surge.
However, Hispanic women are underrepresented as entrepreneurs. While their share of the population is 8.3 percent, their share of businesses is 5.3 percent. In addition, on average, Hispanic women-owned businesses are significantly smaller than businesses owned by other major racial and ethnic groups. According to the 2012 Survey of Business Owners and Self-Employed Persons (SBO), Hispanic women-owned businesses generated on average $54,000 in revenue per year compared to businesses owned by their White women counterparts ($171,000) and businesses owned by White men ($716,000). Employer firms represented five percent of Hispanic women-owned firms while employer firms represent 12 percent of White women-owned firms. White men-owned firms were five times more likely to be employers than Hispanic women-owned firms.
Read more here.