There are more than 9,700 Hispanic-owned businesses in Ohio, according to the most recent Survey of Business Owners conducted by the U.S. Census Bureau. Of that number, businesses with a payroll total 1,340 and, combined, employ more than 11,600 workers with an annual payroll of more than $375 million. Receipts for those businesses approached $2 billion with receipts for all Hispanic-run businesses topping $2.3 billion.
The construction sector has the highest proportion of Hispanic firms at 17 percent. This compares to 13 percent for all Ohio firms. Of the Hispanic construction firms, over 90 percent are small with no paid employees. There is also a high Hispanic concentration in health care/social assistance sector at 14 percent. Sectors that are underrepresented by Hispanic-owned firms are real estate/rental/leasing and retail. Real estate is nearly 5 percentage points less than the proportion for all Ohio firms.
The distribution of receipts and employees for Hispanic-owned firms by sector varies greatly from that of the state taken as a whole. Nearly 25 percent of receipts, the largest share, comes from the retail sector and 23 percent of employees are in the accommodation/food services sector. Conversely, for all Ohio businesses, retail brings in 13 percent of receipts and accommodation/food services has 9 percent of employees.
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