Hispanic and Latinos in America created businesses at 15 times the national rate in 2015.
Some cities in the Union have more fertile grounds for Hispanic entrepreneurs than others. Personal finance website WalletHub conducted an in-depth analysis of 2016’s Best Cities for Hispanic Entrepreneurs.
The analysis looked at 150 of the largest U.S. Cities based on 19 key metrics. The data ranged from income grown to share of Hispanic-owned businesses.
Here are the top 20 cities.
|Top 20 Cities for Hispanic Entrepreneurs|
|1||Laredo, TX||11||Amarillo, TX|
|2||El Paso, TX||12||Plano, TX|
|3||Corpus Christi, TX||13||San Antonio, TX|
|4||Pembroke Pines, FL||14||Chesapeake, VA|
|5||Baton Rouge, LA||15||Miami, FL|
|6||Hialeah, FL||16||Irvine, CA|
|7||Brownsville, TX||17||Springfield, MO|
|8||Sioux Falls, SD||18||Grand Prairie, TX|
|9||Tulsa, OK||19||Mobile, AL|
|10||Oklahoma City, OK||20||Overland Park, KS|
Comparing the Best & Worst:
- Hialeah, Fla., has the highest percentage of Hispanic residents, 95.6 percent, which is 61 times higher than in Jackson, Miss., the city with the lowest, 1.6 percent.
- Montgomery, Ala., has the lowest Hispanic unemployment rate, 3.88 percent, which is five times lower than in Detroit, the city with the highest, 20.86 percent.
- Irvine, Calif., has the highest percentage of Hispanics with at least a bachelor’s degree, 53.09 percent, which is 10 times higher than in Detroit, the city with the lowest, 5.10 percent.
- Detroit has the highest percentage of affordable housing for Hispanics, 68.23 percent, which is nine times higher than in New York, the city with the lowest, 7.43 percent.
- Pembroke Pines, Fla., has the lowest Hispanic renter-to-owner ratio, 0.47, which is 12 times lower than in Worcester, Mass., the city with the highest, 5.54.
For the full report and to see where your city ranks, please visit:
Jay Jay Ghatt is also editor at Techyaya.com, founder of the JayJayGhatt.com and JayJayGhatt.com where she teaches online creators how to navigate digital entrepreneurship and offers Do-It-For-You Blogging Service. She manages her lifestyle sites BellyitchBlog, Jenebaspeaks and JJBraids.com and is the founder of BlackWomenTech.com 200 Black Women in Tech On Twitter. Her biz podcast 10 Minute Podcast is available on iTunes and Player.fm. Follow her on Twitter at @Jenebaspeaks. Buy her templates over at her legal and business templates on Etsy shop!