Hispanic Businesses See 60% Growth in Iowa

Census data has found 60% growth in Hispanic-owned businesses in Iowa before the recession, the
19th-fastest growth rate in the nation. The data show the Hispanic business growth rate outpaced the 10% growth seen for all Iowa businesses between 2002 and 2007.

Statewide, Hispanic-owned businesses make up less than 1% of the state's total businesses. Data show that ten other states have fewer Hispanic-owned businesses than Iowa. Hispanics are about 4.5% of the state's population, growing nearly 63% from 2000 to 2009 to about 134,000. The newspaper reports receipts from Hispanic businesses increased 59% from 2002 to 2007, totaling $457 million in 2007. READ MORE

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