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There are 787,914 Hispanic women-owned businesses in the United States. This reflects a tremendous 45.7% increase in number since 2002 and a 133.3% increase since 1997. In comparison, Hispanic men-owned businesses grew 84.1% from 1997 to 2007. -
Hispanic women-owned firms across the country have total receipts of $55.7 billion. The total receipts of Hispanic women-owned firms grew 57.8% since 2002.
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Women-owned firms make up 34.9% of all Hispanic nonfarm businesses across the country.
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A full 93.3% of these firms are non-employer firms, with average receipts of $21,904.
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The remaining 6.7% of the firms have paid employees, employing a total of 363,430 people across the country with a payroll of $9.3 billion. These employer firms have average receipts of $745,729.
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One in 10 (10.2%) of all women-owned firms across the country are owned by Hispanic women.
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The West has the highest representation (14.7%) followed by the South (11.6%), the Northeast (9.0%) and the Midwest (2.7%).
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The states with the largest number of Hispanic women-owned businesses are: California (205,309), Florida (138,984), and Texas (137,541).
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The top industries for Hispanic women include: health care and social assistance (20.1% of all Hispanic WOBs are in this sector), other services (18.1%), and administrative and support and waste management and remediation services (17.1%).
- Industries least represented by Hispanic WOBs include management of companies and enterprises (less than .01%), mining, quarrying, and oil and gas extraction (.06%), utilities (.07%), and agriculture, forestry, fishing, and hunting (.15%).
Originally posted on National Women’s Business Council website.
