Latino Businesses - Rapid Growth in Hennepin County

Latino Firms – Rapid engine of growth in Hennepin County Bruce P. Corrie, PhD Professor of Economics, Concordia University www.ethnictrends.info/MarketResearch.html corrie@csp.edu, Tel: 612 321 8263 Latino firms are a rapid engine of growth in Hennepin County according to the latest data from the Economic Census, 2007. During the period 2002-2007 the number of Latino firms grew by 26 percent and their revenue by 545 percent. There were 1609 Latino firms in Hennepin County with $1.01 billion in revenue. They employed almost 4000 people with an annual payroll of $136 million – an 84 percent increase in employment and 222 percent increase in annual payroll during the same period. For more details see: www.ethnictrends.info/MarketResearch.html