The Dynamic Power of Ethnic Capital (visit www.ethnictrends.info for data on the ethnic markets)
Thursday, December 23, 2010
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
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