ERIC Number: ED287957
Record Type: RIE
Publication Date: 1987-Sep
Reference Count: N/A
Hispanic Business Ownership: A Profile.
McKay, Emily Gantz
Hispanic Americans owned nearly 250,000 U.S. businesses in 1982. This is only one-fourth of the number which would be expected given their proportion of the population. Most Hispanic businesses were small service or retail establishments with no paid employees. This report provides an analysis of survey data which were collected by the Bureau of the Census in 1982, and published in 1986. The data provide the following profile of Hispanic businesses: (1) the average annual gross receipts of a Spanish-owned business are about $60,000, and more than one-third have gross annual receipts of less than $5,000; (2) most are unincorporated; (3) they are heavily concentrated in California and Texas; (4) there are major subgroup and geographic differences in business ownership, which are of importance to corporations and government entities concerned with providing opportunities to minority vendors; (5) Blacks are even less likely than Hispanics to be business owners; and (6) public programs designed to encourage and assist minority business ownership have underserved Hispanics. Statistical data are presented in 15 figures and a 14-item list of sources is included. (VM)
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: National Council of La Raza, Washington, DC.
Note: This analysis was made possible by funding from Adolph Coors Company.