Hispanic Business Growth Outstrips Rest of U.S.

The growth in Hispanic-owned businesses in the U.S. is outstripping that of companies in general, according to a study released Monday.

Between 2012 and 2015, the number of Hispanic-owned businesses has grown at an annual rate of 7.5 percent, 15 times faster than the 0.5 percent growth rate for all companies, according to the study by the consulting firm Geoscape and the United States Hispanic Chamber of Commerce.

There are an estimated 4.07 million Hispanic-owned businesses in the country, up 57 percent since 2007, the study said.

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