April 27, 2016
By Jessica Hamilton
Hispanic entrepreneurs looking to start a business will have a better chance making it in Texas, according to a new analysis.
A third of the U.S. population is predicted to be made up of the Hispanic and Latino community by 2050 and with the demographic creating businesses at 15 times the national rate, Hispanic entrepreneurs are on the rise.
WalletHub examined the Hispanic business environment in 150 of the largest metro areas in the nation to determine where these business minds can set up shop for optimized success. Eight of the Top 20 best cities for Hispanic entrepreneurs are in Texas, with the Lone Star State nabbing the top three spots.
Laredo (1), El Paso (2), Corpus Christi (3) and Brownsville (7) all landed in the top 10 best cities. Amarillo (11), Plano (12), San Antonio (13) and Grand Prairie (18) also made the list. Houston was ranked 26th.
Using metrics ranging from "Hispanic entrepreneurship rate" to "median annual income of Hispanics," the site detailed 19 data points to determine the list.
Source: Houston Chronicle