Latest Data on Latino Firms in MN, 2002

Latest Data on Latino Firms, 2002 Bruce P. Corrie, PhD corrie@csp.edu Economic Census, 2002 data released today show the following top businesses ranked by number of firms: Health care and social assistance (689), Professional, scientific and technical services (594), Construction (495), Retail trade (406) and Administration and Support and waste management and remediation services (273). Mexican Americans continue to be the largest number of Latino firms with 1908 firms and 277 million dollars in sales. Other Spanish/Latino/Hispanic firms were the next largest with 1692 firms and 155 million dollars in sales According to the Economic Census 2002, there were 3988 Hispanic firms in Minnesota with 462 million in receipts. 643 of these firms had employees with 361 million dollars in receipts, employing 4596 people with 97 million dollars in payroll.