Make plans to attend an intimate after work evening of business networking with Northeast Ohio’s Latino Professional Community in business, education, media & marketing, entrepreneurs & government.
While there can be debate about what it means, the unassailable fact is that Latino -owned businesses in Cleveland and surround areas are growing at a blistering pace, in fact more than twice the national average. This trend has been sustained for at least the last decade and manifests itself both in the growing number and size of Latino- owned businesses. During the latest 5-year period for which information is available from the census bureau.
The experts expect that this trend will continue over the next decade. Latino-owned businesses are expected to increase their total revenue contribution to the economy by 8% annually over the 10 years from 2005 to 2015. This is more than three times the average growth for all businesses. What does this mean: Latinos will have more economic clout, employ a greater proportion of the population and purchase substantially more in goods and services than they do today.
Statistics are shown for non-Hispanic businesses, for businesses that are equally (50 percent/ 50 percent) owned by both Hispanics and non-Hispanics, and for four Hispanic subgroups — businesses owned by people of Mexican, Cuban, Puerto Rican or other Hispanic origin.
Call
(216) 264-0312
Comments
Powered by Facebook Comments
