For every new business opened in the U.S., how many are Hispanic-owned?

Answer: About 1 in 4

Questions:

• What do you see as the pros and cons of starting and running your own business?
• Would you prefer being an employee of another person’s business or owning your own? Why?
• What Hispanic-owned businesses have you visited in your community?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Small Business Administration):

• Nearly one in four new businesses is Hispanic-owned.
• The nearly 5 million Hispanic-owned businesses in the United States contribute more than $800 billion to the American economy annually.
• There are over 375,000 Hispanic-owned, employer businesses located across all 50 states and the District of Columbia. These enterprises employ at least one employee other than the owner.
• Hispanic employer businesses employ about 1 million workers, with more than $100 billion in annual payroll. The number of Hispanic-owned businesses that employ at least one employee other than the owner increased by 14% between 2012 and 2017 — more than twice as fast as the national average.
• In the decade preceding the pandemic, the number of Hispanic business owners increased 34% compared to an increase of just 1% among non-Hispanic business owners.

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Celebrate Hispanic Heritage Month with us, check out these events and resources!

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The Entrepreneurship mini-unit is packed with lessons and resources to expose your students to the world of business.

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.