That puts Hispanics at No. 2 just behind whites demographically, and it means the nation’s diversity is rising. The eye-popping 43 percent growth in the Hispanic population over the last decade arose from an increase in U.S. births, and to a lesser extent, immigration, according to D'Vera Cohn, a senior writer at the Pew Research Center, who told CNN that Hispanics now account for nearly one-quarter of children under the age of 18.
The other big growth demo? The Asian population, which also grew 43 percent. But the figures were less dramatic, with the population rising from 10.2 million in 2000 to 14.7 million in 2010, with Asians now accounting for 5 percent of Americans.
We won't know the full implications of America’s population shift right away, but here are some areas that are sure to be impacted.
Meet the New Bosses: The rise in population means that we can expect to see a growing number of Hispanic-owned businesses—and given the youthful population, entrepreneurs aplenty. To figure out who the next generation of big players will be, it’s helpful to look at which Hispanic-owned companies are burning the brightest right now.
HispanicBusiness magazine’s 100 Fastest-Growing Companies report, published in September 2010, shows that for U.S. businesses owned by Hispanics, the fastest growth is concentrated in three areas: the service sector, accounting for 56 percent of total revenues, and construction, making up 20.5 percent. The remaining 15 percent includes finance, manufacturing, energy, automotive, retail and transportation.
The fastest-growing company on the list is MicroTech, a Virginia-based information-technology firm that services more than 60 government agencies, including the Social Security Administration, the Federal Aviation Administration, and the U.S. armed forces.
The number of Hispanic-owned U.S. businesses overall 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 estimates from HispanTelligence, released prior to the new Census figures coming out. READ MORE
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