Minority Business Development Agency

1401 Constitution Avenue, NW

Washington, DC 20230

202-482-2332

www.mbda.gov

Entrepreneurial Parity Offers Greater Economic Impact

Entrepreneurial 

parity is defined 

as reaching 

proportionality 

between the Hispanic 

American adult 

minority population 

and business 

measures, such as 

number of firms, 

gross receipts, and 

employees. 

Quick Facts a

◊ There are 2.3 million Hispanic American-owned 

firms in the U.S.

◊ Hispanic American-owned firms contribute $351 

billion in U.S. economic output and 1.9 million jobs 

per year.

◊ Hispanic American-owned firms with employees 

average 8 workers and $1.1 million in annual 

receipts.

◊ Between 2002 and 2007, Hispanic Americanowned firms grew faster than the national average 

(44 percent) in 27 states and Washington, DC.

◊ Hispanic American-owned firms more concentrated 

in Arizona, California, Florida, Illinois, Texas, New 

Jersey, and New York.

a U.S. Census Bureau, 2007 Survey of Business Owners, June 2010 

b U.S. Census Bureau, Annual population estimates, June 2010

c

U.S. Census Bureau, 2002 Survey of Business Owners, September 2006 

d U.S. Census Bureau, Characteristics of U.S. Exporting Firms, June 2012

e

 University of Georgia, Selig Center for Economic Growth, The Multicultural Economy 2009

Hispanic 

American

Firms

All Minority

Firms

Non-Minority 

Firms

Number of 

firms

2.3

million

5.8

million

20.1

million

Combined gross 

receipts

$350.7

billion

$1.0 

trillion

$9.8 

trillion

Average gross 

receipts

$155

thousand

$178

thousand

$488.3

thousand

Number of firms 

with employees

249

thousand

767

thousand

4.3

million

Combined

receipts of firms 

with employees

$279.9

billion

$860.5 

billion

$9.1 

trillion

Average receipts 

of firms with 

employees

$1.1

million

$1.1

million

$2.1

million

Number of paid 

employees 

1.9

million

5.8 

million

50.1 

million

Economic Impact —$351 Billion in Revenues and 1.9 Million Jobs a

0

1

2

3

4

$0.0

$0.5

$1.0

$1.5

$2.0

0

1

2

3

4

5

6

7

8

Entrepreneurial Parity and Hispanic American-Owned Firms

2.3

3.4

Actual Parity

Number of Firms (in millions)

$ 0.4

$1.4

Actual Parity

Gross Receipts (in trillions)

1.9

7.4

Actual Parity

Paid Employees (in millions)

a,c

Population Buying Powere

Hispanic American All Minority Non-Minority

$978.4 billion $2.46 trillion $8.25 trillion

Fact Sheet

Hispanic American-Owned Firms
Exports and Global Reach d

◊ Hispanic American-owned firms that export 

average $7.2 million in annual receipts, 

compared to their non-exporting counterparts 

with average receipts of $124,000.

◊ Exports represent 13.4 percent of total revenue 

for Hispanic American-owned exporting 

companies, compared to 5.4 percent for all nonminority exporting firms. 

◊ 5.1 percent of Hispanic American-owned firms 

export goods and services, compared to 4.7 

percent of all non-minority firms.

Growth in Number of Hispanic American-Owned Firms (2002 —2007) c

-10%

0%

10%

20%

30%

40%

50%

60%

Hispanic American Firms Non-Minority Firms

Gross Receipts

Growth of Hispanic American-Owned Firms (2002-2007)

Employees

58%

21%

-1%

24%

44%

Number of

Firms

9%

a,b

0%

20%

40%

60%

80%

Firms $1 Million and Above Firms Under $1 Million

Total Receipts Total Employees

35%

65% 62%

38%

High-Revenue Hispanic American-Owned Firms

(Annual receipts over $1 million)

a

Industry Sectors of Hispanic American-Owned Firms

6%

8%

30%

15%

14%

10%

9% 8%

Construction

Administrative Support, Waste

Management & Remediation

Healthcare & Social Assistance

Transportation & Warehousing

Retail

Professional, Scientic & Tech

Real Estate & Leasing

Other

a

25 to < 50%

-0 to < 25%

50 to < 100%

100 to < 200%

Suppressed Data

WA

OR

MT ND

MN

WI

NV

ID

WY

SD

IA

CA

AZ

UT

TX

FL

NE

KS

CO

NM

AK

OK AR

LA

MI

IN IL OH

TN

KY

MS GA

SC

NC

VA

PA

NY

VT

ME

NH

AL

CT

HI

MO

MA

Other sectors include agriculture, utilities, manufacturing, 

wholesale, information, finance & insurance, 

accommodation & food services, and more.

Two percent of Hispanic American-owned firms are considered 

high-revenue. These firms are responsible for 65% of the total 

receipts and 62% of all jobs created by Hispanic American firms. 

DE

MD

RI

Growth Rates

NJ

Visit www.mbda.gov for more information about U.S. minority-owned firms.

WV