Meet Austin, Texas’s Growing Ranks Of Latino Business Owners
AUSTIN, TX — Becoming a successful entrepreneur is all about the business of product, payroll, cash flow, money in and money out. But maybe most of all it is about risk-taking and sacrifice. Just ask Adriana Rodriguez, German Ustariz and his wife Delmy, three Central Texans who took a chance and turned their business ventures into profit makers.
They are among the thousands of people fueling a booming growth in Hispanic-owned businesses in the greater Austin area, a compelling portrait which emerges in a recent study by the Greater Austin Hispanic Chamber of Commerce.
Hispanic-owned businesses in the study posted revenues of $4.8 billion in 2013, an impressive 90 percent increase over 2007 revenues reported in a Census Survey of Business Owners. More robust growth is expected. The study projects that Hispanic-owned businesses could exceed 51,000 in number and add more than $12.8 billion to the Central Texas economy by 2020. Employment by Hispanic-owned businesses in the region is projected to more than double – from just shy of 49,000 in 2013 to 127,500 in 2020…
Link to article