Wednesday, March 22, 2006

Hispanic buyers create $700b in business opportunities

The Tennessean reports in this article on a U.S. Census Bureau report that Hispanic-owned businesses are booming: 1.6 million U.S. businesses with Hispanic owners in 2002, up 31% from 1997, which was more than three times the growth of all U.S. companies. Hispanic consumer spending, which now stands at $700 billion per year, fueled the growth.

The story quotes Nashville business owners Robert Chavez and Diana Holland, who say that the opportunities in a strong economy attract Hispanic entrepreneurs.

It appears that an angle of the story about the impact of immigration law on Hispanic businesses was deleted in editing. Without explanation, the caption under a picture in the story describes the business of Tennessee resident and Mexico native Rodolfo Guerra "legally questionable."

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