Latino-owned businesses booming in Utah

Do you notice more grocery stores owned by Hispanics that cater to Hispanics? Or car dealerships? Or restaurants? The Census Bureau has noticed them, too, and says the growth rate for such businesses in Utah is among the fastest in the nation.

It reported Tuesday that the number of Hispanic-owned businesses in Utah jumped by 78 percent between 2002 and 2007 — and revenues rocketed up by almost 138 percent. Businesses owned by whites in Utah didn't do poorly, either. In fact, they had the second-fastest growth in the nation in that five-year period before the recession hit. That's according to a new Census report on estimates of business ownership by race, ethnicity and gender for the five-year period.

In 2002, it estimated that Hispanics owned 5,177 businesses in Utah. Five years later, it estimated that they owned 9,221. READ FULL STORY

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