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Hispanic Women-Owned Businesses


Numbers and Characteristics

  • 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.
  • Women-owned firms make up 34.9% of all Hispanic nonfarm businesses across the country.
  • A full 93.3% of these firms are non-employer firms, with average receipts of $21,904.
  • 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.

 
Geography

  • One in 10 (10.2%) of all women-owned firms across the country are owned by Hispanic women.
  • The West has the highest representation (14.7%) followed by the South (11.6%), the Northeast (9.0%) and the Midwest (2.7%).
  • The states with the largest number of Hispanic women-owned businesses are: California (205,309), Florida (138,984), and Texas (137,541).

 
Industry

  • 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%).