
The Hispanic demographic is playing an increasingly important role in shaping the U.S. economy. Major corporations now understand that reaching the Hispanic market is a core business imperative. This is especially relevant for companies with customers in states with large Hispanic populations.
- Purchasing power of Hispanics is predicted to exceed $1.5 trillion by 2015
- In 2009, nearly 3 million Hispanic-owned businesses generated $500 billion in annual revenues
- The number of Hispanic firms is growing 4X faster than the overall number of U.S. firms
- Approximately 1 out of every 6 Americans is Hispanic
- In all, U.S. Hispanics make up the 2nd largest nation in the world – only Mexico is larger
- Hispanics represent more than 50% of the U.S. population growth since 2000
- 25% of all kindergarten students in public and private schools in the U.S. are Hispanic
- 2.5 Hispanics are born in the U.S. every minute or 3,700 per day