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About
Hispanics in the U.S. and Maryland |
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We
believe it critical for Hispanics, Hispanic business persons and
the government and commercial entities that interact with our community
to have a clear understanding of who we are, where we came from,
what our issues are and where are we headed. Further, it is important
that this understanding have an underpinning of actual statistics
and not anecdotes or impressions based on myths, bias or prejudice,
ignorance or strictly a media-based and imperfect image of Hispanics.
In recognition of this goal, we have accumulated a short list of
facts concerning Hispanics and Hispanic businesses in the greater
U.S. and within our state of Maryland. Here is such a characterization.
POPULATION
& ECONOMIC STRENGTH
- Hispanics are the largest minority in the United
States, with an estimated population of 40 million. They are estimated
to grow by more than 1.7 million a year. (Source: U.S. Census
Bureau). Click here
to download a PDF file containing a breakout of Maryland Hispanics
by County.
- Hispanics are the second largest minority in Maryland,
with an estimated population of close to 300,000 representing
over 5.5% of the population. The State of Maryland gained more
than 104,000 Hispanics throughout the 1990's according to the
latest census data.
- In 2002, there were 37.4 million Hispanics in the
civilian non institutional population, of the United States, representing
13.3 percent of the total U.S. population. Among Hispanic population,
two thirds (66.9%) were of Mexican decent, 14.3 percent were Central
and South American, 8.6 percent were Puerto Rican, 3.7 percent
were Cuban and the remaining 6.5 percent were of other Hispanic
origins. (Source: US Census Bureau, June 2003.)
- Among the Maryland Hispanic population, 17.5% are
of Mexican decent, 24.63% are from Central America, with a most
dramatic 15.11 percent from El Salvador and 3.64 % from Guatemala,
11.2 percent are Puerto Rican, 2.96% are Cuban, 2.46% are from
the Dominican Republic, and 11.28% are from South American countries,
with 2.79% from Peru and 2.31% from Columbia. A breakout of the
Hispanic population by Maryland county and also by country of
origin is available by clicking HERE. (Source: US Census Bureau).
- More than one in eight of the people in the United
States are of Hispanic origin. (Source: U.S. Census Bureau)
- Hispanics accounted for 40 percent of the country's
population growth between 1990 and 2000. (U.S. Census Bureau)
- The median age for Hispanics is 25.8 years-10 years
younger than the median age for the United States as a whole.
(U.S. Census Bureau)
- The number of prosperous Hispanic households-those
with incomes of at least $100,000-rose 137 percent between 1990
and 2000. Hispanics living in the Washington, DC metropolitan
area represent the wealthiest of all regional groups. (Source:
U.S. Census Bureau)
- In 2002, the ten states with the largest Hispanic
markets by spending power were: California, Texas, Florida, New
York, Illinois, New Jersey, Arizona, Colorado, Georgia and New
Mexico. (Source: Selig Center)
- U.S. Hispanic purchasing power has surged to nearly
$700 billion and is projected to reach as much as $1 trillion
by 2007, nearly three times the overall national rate over the
past decade. Source: HispanTelligence®
- Current Hispanic purchasing power is 8.5% of total
U.S. purchasing power, but will reach 11% by 2010, when taking
into account factors such as the narrowing Hispanic vs. overall
U.S. income gap and the increase in the number of Hispanic households
with earned income. (Source: HispanTelligence)
- The over 400,000 Hispanic consumers in the Washington
metropolitan area are considered the most affluent Hispanics in
the country (Source: Latin Quarter News)
BUSINESSES
- There were 1.6 million Hispanic-owned businesses
in 2002, up 31 percent from 1997. Their receipts were $226.5 billion,
up 22 percent from 1997.
- Hispanic owned firms in the United States are expected
to grow 55% to 3.2 million by the year 2010. (Source: HispanTelligence)
- Maryland had 11,158 Hispanic businesses in 1997,
with an expected increase to over 20,000 by the year 2010 (Source:
HispanTelligence)
- A total of 199,725 Hispanic-owned businesses had
paid employees and their receipts totaled $184 billion, or about
$921,090 per firm.
- An IRS report predicts that 1 out of every 10 small
businesses will be Hispanic by the year 2007. Today the proportion
stands at 1 in 13 and rising.- (Source: Hispanic Trends)
- Hispanic-owned businesses with no paid employees
numbered 1.4 million, up 39 percent from 1997. They had receipts
of $42.5 billion, up 54 percent from 1997. Average receipts of
these businesses were $30,925 per firm.
- About 40 percent of Hispanic-owned firms were in
administrative and support and waste management; health care;
and other service industries. Another 13 percent were in construction.
- The distribution of Hispanic-Owned firms in Maryland
by industry category indicates that the services industry dominates
(49.6%), followed by construction (14.8%) and retail trade (5.4%).
LATINA
OWNED BUSINESS
- Hispanic women-owned businesses number 553,618,
employ 320,000 and generate $44.4 billion in sales nationwide.
(Source: Center for Women's Business Research, November 2004)
- More than one-third (34.9%) of all Hispanic owned
firms are owned by women. Hispanic women-owned firms employ 18.5%
of the workers in all Hispanic-owned firms and generate 16.3%
of the sales. (Source: Center for Business Women's Business Research,
November 2004.)
- Latinas control 39 percent of the 1.4 million companies
owned by minority women in the United States, which generate nearly
$147 billion in sales. (Source: Center for Women's Business Research,
November 2004)
- Four in ten minority women-owned firms are owned
by Latinas.
- Between 1987 and 1996, the number of Latina-owned
businesses grew by 206 percent, compared with 47 percent of all
businesses. (Source: Center for Women's Business Research)
- Between 1997 and 2004, the number of firms owned
by Hispanic women increased by nearly 64 percent, to 553,618,
and their combined revenue climbed by more than 62 percent, to
$44.4 billion. (Source: Center for Women's Business Research,
November 2004)
- 10 states with the greatest number of Hispanic
women-owned firms in 2002 were California (17 %), Texas (18%),
Florida (16%), New York (14%), Arizona (13%), Illinois, New Jersey,
Massachusetts, New Mexico and Colorado. (Source: Center for Women's
Policy)
EDUCATION
- One of every three Hispanic students does not complete
high school and only 10 percent of Hispanics graduate from four-year
colleges and universities. (Source: White House Initiative on
Educational Excellence for Hispanic Americans
- Among Hispanics who do complete high school, about
53 percent pursue a post-secondary education immediately after
graduation as compared to almost 66 percent of non-Hispanic whites.
(Source: White House Initiative on Educational Excellence for
Hispanic Americans)
- While 70 percent of white high school graduates
are at least "minimally qualified" for admission to
a four-year college, only 53 percent of Hispanic high school graduates
are "minimally qualified" (based on high school coursework
and academic achievement). (Source: Pew Hispanic Center)
- Only 10 percent of Hispanics graduate from four-year
colleges and universities. (Source: White House Initiative on
Educational Excellence for Hispanic Americans)
- By the time they are 26 years old, 43 percent of
Hispanic dropouts have received a GED, compared to 50 percent
of white dropouts. (Source: Pew Hispanic Center)
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