Latino entrepreneurs are the ones who strive for the American dream.
If someone represents the American dream in this country, it is the Latino entrepreneurs. Many of us have emigrated from our home countries to achieve an ideal, and for so much effort and sacrifice have always been our best weapons.
Latino in the United States proves day after day that more than a source of work, we are potential resource generators.
Hispanics and Latinos are now the largest ethnic minority in the United States. According to some official estimates for the year 2050, Latinos will account for one third of the country’s population, and their impact on the business world and private investment would increase with them. Latinos today represent more than 70.000 of the country’s CEO, and the number of Hispanic entrepreneurs has tripled in the last 20 years, from 557.000 in 1992 to over 2 million in 2012, according to a report by the Association for a New American economy.
However, there are many circumstances that the Hispanic business man must overcome before becoming a successful entrepreneur. The limits of language, race or own culture can be added to the difficulties of being a migrant in this country. And while it’s true that it’s not easy to do business in the United States, business success for many struggling Latino entrepreneurs is a viable dream. And the proof of that is the roughly 486 million dollars they earned together in revenue, according to the figures of the American Hispanic Chamber of Commerce.
Taking advantage of the opportunities that we offer is crucial in order to give our entrepreneurship a good start in the economy. In this sense, it is important to know that some cities in the United States are more hospitable to Hispanic entrepreneurs than others, it is said in a recent study that was published a few days ago by a specialized financial institution. The lack of credit history, the language barrier and the difficulty of gaining access to bank financing and financing for small businesses remain important challenges. Moreover, access to capital is completely out of reach for a large part of the undocumented population.
We have used 19 key indicators, including the Hispanic entrepreneurship rate, corporate tax systems and the participation of Hispanic companies in the assessment of the climate of minority affairs in 150 cities. Great America.
If you are planning to start a business in the United States, you may want to pay attention to the following list of cities that are beneficial in the study for Hispanic entrepreneurship. These are the top ten cities for Latino entrepreneurs:
- Pembroke Pines, Florida.
- Corpus Christi, Texas
- Laredo, Texas, USA
- Gilbert, Arizona
- Rancho Cucamonga, California
- Jacksonville, Florida
- El Paso, Texas, USA
- St. Petersburg, Fla.
- Baton Rouge, Louisiana
- Chandler, Arizona
Are you a Latino businessman? You can share your opinion in the section and the comments below.