Hispano Spending Power in Texas

Study: Hispanics pumped $171 billion into Texas economy in 2008
Dallas Business Journal

Hispanic buying power in Texas is expected to jump 47 percent to $252 billion by 2013, according to a study by the Selig Center for Economic Growth at the University of Georgia. The study found that Hispanic households contributed more that $171 billion to the Texas economy last year.

Texas was home to 8.9 million Hispanics in 2008, or 37 percent of the state’s population, according to figures from the U.S. Census Bureau. Businesswise, the Top 20 Hispanic-owned companies pumped nearly $4 billion into the Texas economy last year, and employed 14,617 people, according to the 2008 Hispanic Business 500. Updated figures are expected to be released next year by the Census, and Texas Comptroller Susan Combs projects the number to be even higher. “We expect to see significant growth in Hispanic-owned businesses,” she said. “By encouraging growth and diversity, we provide opportunities for all businesses, large or small, to grow, prosper and propel our economy.”

Thank you for the information Dr. Abraham Benavides!