U.S. Hispanic owned company forecast for 2008 totals 2.2 Million.

Entrepreneurship, the willingness to take a risk and start one’s own business, has always been the driving force of the U.S. economy. Research indicates that among American minority groups, Hispanics are the most likely to start their own business. The most recent government data shows Hispanics own the largest number of firms.

Continued growth is expected. HispanTelligence projects that sales from Hispanic-owned firms will reach $330.1 billion in 2007, and is projected to reach $539.0 billion by 2012. The retail trade, wholesale trade, and construction account for the top 3 industries within the Hispanic market according to a new Market Brief: “Hispanic-Owned Businesses, Growth Projections to 2012” released by HispanTelligence, the research division of Hispanic Business Inc.

The strong growth reflected in this report indicates the increasingly integral role of Hispanic-owned firms in the U.S. economy

HispanTelligence estimates that existing trends support the projections of at least 2.2 million Hispanic-owned businesses generating close to 388.7 Billion Dollars in revenues in 2008.

“The strong growth reflected in this report indicates the increasingly integral role of Hispanic-owned firms in the U.S. economy ” explained Dr. Juan Solana, HispanTelligence Chief Economist.