Contact: Briana Kaya
Public Information Office
The number of Hispanic-owned businesses in Texas rose to 447,486, a 40.1 percent increase between 2002 and 2007, the U.S. Census Bureau announced today. Sales by these businesses increased nearly 47.2 percent to $62.1 billion over the same period. Texas ranked among the top three states in the number of Hispanic-owned businesses.
Among Hispanic-owned businesses in Texas, 56.7 percent were in five of the state's 254 counties — Harris, Bexar, Hidalgo, El Paso and Dallas. (See Table 1. [Excel]) Harris County ranked third in the nation for the number of Hispanic-owned businesses and second for business owners of Mexican origin.
Business owners of Mexican origin accounted for 79.7 percent of all Hispanic-owned businesses in Texas.
These data come from the Survey of Business Owners: Hispanic-Owned Businesses: 2007 and show the number of businesses, sales and receipts, number of paid employees and annual payroll. Data are presented by county and city, industry and size of business, as well as detailed Hispanic origin.
Three counties that border Dallas County saw large percent increases in the number of Hispanic-owned businesses between 2002 and 2007 — Denton (93.9 percent), Collin (81.3 percent) and Tarrant (67.7 percent).
Among Texas cities, Arlington (51.8 percent), Fort Worth (49.8 percent) and Austin (49.4 percent) saw large percentage increases in the number of Hispanic-owned businesses. (See Table 2. [Excel])
Texas metropolitan areas that saw large percent increases in the number of Hispanic-owned businesses include Dallas-Fort Worth-Arlington (54.1 percent), San Antonio (50.0 percent) and Houston-Sugarland-Bayton (38.1 percent).
The Survey of Business Owners defines Hispanic-owned businesses as businesses located in the United States in which Hispanics own 51 percent or more of the equity, interest or stock in the business.
The Survey of Business Owners is conducted every five years as part of the economic census. The 2007 survey collected data from a sample of more than 2.3 million businesses. The collected data in a sample survey are subject to sampling variability, as well as nonsampling errors. Sources of nonsampling errors include errors of response, nonreporting and coverage. More details concerning the SBO survey design, methodology and data limitations can be found at <http://www.census.gov/econ/sbo/methodology.html>.