Hispanic Business Projections in 2012

Key insights include:
Hispanic-owned firms in the United States expect to grow 90.9 percent to 3 million

Total revenues of Hispanic-owned firms will increase by 50.8 percent from 2003

Projections of the "Transportation an Warehousing" industry show a growth of 60.6% from 2002

More than 90 percent of all Hispanic-owned firms, and their sales volume, are concentrated in 20 states

74.8% of all Hispanic firms are concentrated in 4 states.

Hispanic-Owned Businesses
The number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion, according to new estimates by HispanTelligence. Spurred by growing entrepreneurial trends and affluence among the nation´s largest minority population, the increase is expected to come at a robust rate of 8.5 and 8.7 percent, respectfully, over the next couple years.

HispanicBusiness.com
KEY FACTS IN ARIZONA

Arizona's total Hispanic population is 1,895,149 or 29.6% of the state's population (U.S Census Bureau, 2010).

Arizona has the fourth largest Hispanic population nationwide (Pew Hispanic Center, 2011).

Arizona has 766,000 eligible Hispanic voters, which constitutes 18% of all eligible voters in the state (Pew Hispanic Center, 2011).

In Arizona, 79% of the White population is eligible to vote, whereas 39% of the Hispanic population is eligible to vote (Pew Hispanic Center).

Arizona's unemployment rate stands at 8.7%; among Hispanics, the unemployment rate is even worse at 13.4% (U.S. Department of Labor).

Approximately 834,000 Hispanics live in poverty in Arizona. This number translates to 39% of the overall Hispanic population in the state (U.S. Census Bureau, 2010).

Hispanic Buying Power

Despite the recession, Hispanic buying power is expected to grow 50 percent in the next five years nationwide, from $1 trillion in 2010 to $1.5 trillion in 2015. (Seelig/U.S. Census)

Annual Hispanic buying power in Arizona is $34 billion. (DATOS/AZHCC)

The poverty rate among Hispanics nationwide increased to 23 percent in 2008, up from 22 percent the year before. (DATOS/U.S. Census) (Note that while total wealth among Hispanics is growing steadily, individually Latino families have been disproportionately impacted by the Great Recession.) (AZHCC/U.S. Census)

Over the past 30 years, the U.S. Hispanic population has grown seven times faster than the population of our nation as a whole (DATOS/U.S. Census), and Hispanic buying power has grown 108 percent in the past 10 years. (Seelig/U.S. Census)

The median income of Hispanic households in Arizona in 2008 was $37,913, down slightly from the year before. (U.S. Census)

Hispanics and Health

The impact of the Hispanic population growth in Arizona is magnified by the fact that the non-Hispanic white and African-American populations are fairly stagnant in growth, but also aging. As the huge baby boom generation moves toward retirement, young Hispanics are filling in behind them. In addition, the proximity to the U.S./Mexico border contributes to the unique health status of Arizona Hispanics. Healthy Gente includes a set of health objectives for addressing distinctive health issues along the U.S./Mexico border.
One in every three Hispanics in Arizona is obese, and with the state's changing demographics, that figure could get worse without intervention.
A new report released Tuesday by the Robert Wood Johnson Foundation and the Trust for America's Health lists Arizona among the six most obese states in the country when it comes to its Hispanic population, and 15th out of the 50 states and the District of Columbia for its rate of childhood obesity


Read more: http://azstarnet.com/news/local/article_5784ade9-a441-5d41-a5fc-daf406bc0f9e.html#ixzz1dewxx6Gy

Hispanics and Education

In 2008-2009, Hispanic enrollment in Pima County accounted for 48 percent of the total. The growth in Pima County’s K-12 enrollment was almost purely driven by Hispanics between 2000 and 2008.
Minority school enrollment in Arizona has exceeded non-minority enrollment. Between 1998 and 2008, 86 percent of all school enrollments from K-8 was attributed to Hispanics. (DATOS/Arizona Department of Education)

Hispanic Leadership in our Region

There are many examples of Hispanic Leadership in our community. Please see below for links to key commuity groups:

Las Doñas del Descedientes del Presidio - click here