2013 might have been a good year for Hispanic businesses in the United States. But it looks as though 2014 is even more promising than the past twelve months. With all the positive reports going around describing the said market’s noticeable growth, the forthcoming year radiates hope for greater profits and a more perceptible development of the Spanish market. In a recent article published online, Latino companies in Illinois are believed to have achieved a growth of three times the progress of all the businesses in the said state. Read the full article below to learn more:
Number of Hispanic businesses small, but growing fast in Illinois
The number of Hispanic-owned businesses in Illinois is small compared to the Hispanic population, but the growth of those businesses is nearly three times that of all other companies in the state, according to a study by a new entrepreneurial support center.
Illinois is just one of the many states where the growth potential of the Hispanic market in the US emerged. This is actually great news not only for the Latino businessmen but also for companies who are trying to reach out to the Hispanic market. Truly, the population is now a major player in the economic world. Their buying power is getting stronger than before which gives companies a great opportunity to attract new, loyal and profit-generating patrons. To give you an idea how Hispanic businesses are faring all over the United States, read this interesting article that features a demographic about the Spanish market over the years.
New Report: Hispanic-Owned Businesses Doubled Over Last Decade
Hispanic-owned businesses have nearly doubled over the last decade, a rate more than twice than the average national business growth rate during that period, according to a new study released Friday.
Hopefully, these articles enabled you to perceive the promising future of Hispanic businesses and the growing strength of the Spanish market. With all these positive reports, you should take efficient marketing tactics and Latino customer care into great consideration to make your Hispanic business prosper even more. Let us help you reach out to the Latino community. We create results-driven Spanish marketing plans and implement them using only the best tools and methodologies. Call us at 1-855-CLL-ZLLA!
