Rate of Hispanic business start-ups highest in midwest

8602410055?profile=originalThe growth in Hispanic-owned businesses in the United States is outstripping that of companies in general and the fastest growth has been in Midwest states, according to a study released Sept. 21.

The number of Hispanic-owned businesses grew by 30 percent in Minnesota, Iowa, Missouri, Kansas, Nebraska, North Dakota and South Dakota.

Nationally, between 2012 and 2015, the number of Hispanic-owned businesses has grown at an annual rate of 7.5 percent, 15 times faster than the 0.5 percent growth rate for all companies, according to the study by the consulting firm Geoscape and the United States Hispanic Chamber of Commerce. READ MORE AT INSURANCE JOURNAL

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