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America Counts: Stories Behind the Numbers
A Profile of the Nation’s Hispanic-Owned Businesses
About 7.1% of the nation’s 5,681,118 employer firms (businesses with at least one paid employee) in the United States were Hispanic-owned in 2021 and the construction sector had the largest number of Hispanic-owned businesses, according to the U.S. Census Bureau.
The 2022 Annual Business Survey shows there were a total of 406,086 Hispanic-owned employer firms in the United States in 2021.
A business is considered Hispanic-owned when 51% or more of the stock or equity is held by Hispanic owner(s) of any race. Businesses are considered equally Hispanic/non-Hispanic owned when 50% of the stock or equity is held by a Hispanic owner(s) of any race and the other 50% of the stock or equity is held by a non-Hispanic owner(s) of any race.
Continue reading to learn more about:
- Hispanic-owned firms in urban and rural areas and by state
- Top sectors for Hispanic-owned businesses
- Remote workers
- Family-owned businesses
- Education and veteran status
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