Population & Economic Strength

-There are approximately 2 million Hispanic-owned businesses in the country that generate almost $300 billion in annual gross receipts. By 2010, there will be 3.2 million Hispanic firms generating $465 billion (Sources: Small Business Administration, HispanicTelligence® )

– The number of Hispanic-owned companies grew 82 percent since 1997, making them among the fastest-growing business segments in the nation (Source: HispanTelligence® )

– Hispanics are the largest minority in the United States, with an estimated population of 41.3 million. They are estimated to grow by more than 1.7 million a year. (Source: U.S. Census Bureau)

– In 2004, there were 41.3 million Hispanics in the U.S., representing 14.2 percent of the total U.S. population.

– 63 percent of Hispanics in the U.S. are of Mexican origin; 10 percent from Puerto Rico; 4 percent from Cuba; 3 percent from Dominican Republic; and 3 percent from El Salvador. (Source: 2005 Pew Hispanic Center, tabulations from 2000 Census)

– More than one eight of the people in the United States are of Hispanic origin. (Source: U.S. Census Bureau)

– Hispanics accounted for 40 percent of the country¹s population growth between 1990 and 2000. (U.S. Census Bureau)

– States with the fastest-growing Hispanic populations are: Nevada, Washington, Oregon, Massachusetts, Virginia, North Carolina and Florida. (Source: Pew Hispanic Center, 2005)

– From 2000 to 2004, the Hispanic population increased 14 percent while the non-Hispanic population increased just 2 percent during this same time period. Source: Pew Hispanic Center, 2005).

-In 2002, the ten states with the largest Hispanic markets by spending power were: California, Texas, Florida, New York, Illinois, New Jersey, Arizona, Colorado, Georgia and New Mexico. (Source: Selig Center)

– U.S. Hispanic purchasing power has surged to nearly $700 billion and is projected to reach $1 trillion by 2010, nearly three times the overall national rate of consumer purchasing power over the past decade. (Source: HispanTelligence®)

-Current Hispanic purchasing power is 8.5% of total U.S. purchasing power, but will reach 11% by 2010, when taking into account factors such as the narrowing Hispanic vs. overall U.S. income gap and the increase in the number of Hispanic households with earned income. (Source: HispanTelligence®)

– The net worth of U.S. Hispanics surpassed $534 billion in 2000 a 30 percent increase since 1998. (Source: HispanTelligence®)