Number of Hispanic owned businesses doubles

TUCSON, AZ (Tucson News Now) -The Arizona Hispanic Chamber of Commerce released its fifth annual edition of the DATOS Tucson report on Oct. 6. According to a release, the report provides an overview of the state of the Hispanic market in southern Arizona, as well as statewide and nationally.

"Tucson and southern Arizona are vital to Arizona's overall economic prosperity, especially as it relates to our fast-growing partnership with Mexico," said Gonzalo A. de la Melena, Jr., President and CEO of the Arizona Hispanic Chamber of Commerce. "We're proud to deliver the message that Arizona's future is inextricably linked to the economic health of its exploding Hispanic population."

The release states the number of Hispanic-owned business have doubled statewide 2007, while the number of Latina-owned businesses has tripled.

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Franchise Business Opportunities a Growing, Viable Path for Hispanic Entrepreneurs

DEERFIELD BEACH, Fla., Sept. 18, 2014 /PRNewswire/ -- Coverall North America, Inc., a leading franchisor of commercial cleaning businesses, is a viable option for aspiring Hispanic entrepreneurs interested in starting a business. Franchised business owners have found that being your own boss and having a flexible schedule to spend more time with loved ones are the benefits of ownership.

Of the 8,000 Coverall franchised business owners worldwide, 25 percent of them are of Hispanic descent.

National Hispanic Heritage Month Sept. 15 – Oct. 15, was enacted into law in 1988 to celebrate the history, cultures and contributions of Americans whose ancestors came from Spain, Mexico, the Caribbean and Central and South America. Sept. 15 is significant because it serves as the anniversary of independence for Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua.

"Coverall offers people the opportunity to become their own boss and take control of their future," said Rick Ascolese, CEO of Coverall. "We wish all of our business owners continued success as they operate their businesses for themselves and their families."

From Mexico, Robert Yepez started a Coverall franchised business eight years ago. Over the years, his business grew exponentially. Today, his franchised business services nearly 250,000 square feet each month.

Alan Landaverde, another Hispanic Coverall Franchised Business Owner, is originally from El Salvador. Landaverde worked in the aerospace industry for 25 years before changing his career path and starting a commercial cleaning franchised business. Like many business owners, Landaverde wanted the freedom of owning a business and more time to spend with his children.

Mercedes Cisneros moved to the U.S. in the 1980s and later started a Coverall commercial cleaning franchised business. She has owned her business for eight years growing it through customer referrals.

Coverall franchised business owners cite customer service and going above and beyond expectations as keys to their success.

"When a customer calls we do everything we can to help," said Yepez. "There is no task that my team cannot take on."

Coverall has been recognized with numerous awards for its franchise opportunities. Recently, the franchisor was named by G.I. Jobs as a 'Hot Franchise for Veterans' and was also named to USA Today's 'Top 50 Franchises for Minorities' list in 2013.

Learn more about Coverall franchise opportunities visit http://www.coverall.com/tufuturo

The Best And Worst Cities For Hispanic Entrepreneurs

Hispanics and Latinos now make up the largest ethnic minority in the U.S. By 2050 they will constitute a third of the country’s population, according to census figures and their impact in business continues to grow. Latinos today account for more than 70,000 of the country’s CEOs and the number of Hispanic entrepreneurs has tripled over the past twenty years – surging from around 557,000 in 1992 to over two million in 2012, according to a report by the Partnership for a New American Economy.

Together, they brought in an estimated $486 billion in revenue, says the U.S. Hispanic Chamber of Commerce.

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Report: U.S. Hispanic entrepreneurial growth dramatic

The number of Hispanic entrepreneurs in the United States has grown exponentially over the past two decades and Hispanic immigrants in particular have a higher rate of entrepreneurship than the U.S. population at large, according to a report released Tuesday by The Partnership for a New American Economy and the Latino Donor Collaborative.

The study, “Better Business: How Hispanic Entrepreneurs Are Beating Expectations and Bolstering the U.S. Economy,” released in Miami during a panel discussion and press conference, showed that between 2010-2012 the entrepreneurial rate declined overall in the U.S., but among Hispanics the rate shot up, said Jeremy Robbins, executive director of the partnership, an organization of 500 government and business leaders who support immigration reform.

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