According to a new report released by the Office of Latino and Latin American Studies at UNO, Latino businesses grew in the years 2000-2007.
Dr. Lissette Aliaga-Linares, a Post Doc Research Associate, says these businesses grew despite the challenges faced before 2008.
Aliaga-Linares says from 2002-2007, the number of Latino-owned businesses grew at a faster pace than other ethnic groups. She says there two major trends emerged in the report.
"Most of the growth comes from the businesses that don’t have paid employees. There is also an emerging trend of Latina-owned businesses. The sector where most Latina women opened businesses falls under the social assistance sector - which is mostly childcare or eldercare - explained 68% of the growth."
Aliaga-Linares says the report indicates Latino business owners are more likely to be male at 58% and between the ages of 25 and 54.
She says male-owned businesses are more concentrated in the construction sector.
Data was gathered through the US Census Bureau’s 2007 Survey of Business Owners Public Use Microdata Sample. Additional information was purchased from InfoUSA.