News Column

U.S. Latinas Continue to Face Disparities

November 8, 2013

Staff Reports -- HispanicBusiness.com

Latina entrepreneur

A Center for American Progress (CAP) report shows that the population of U.S. Latinas will increase from 16.4 percent today to 25.7 percent in 2050.

While Hispanic females are making significant strides across diverse industries, CAP reports that there is a "long way to go to fully close racial and ethnic disparities."

The Center for American Progress is an independent nonpartisan educational institute dedicated to improving the lives of Americans through progressive ideas and action, according to its website. It was founded in 2003 by John Podesta to provide long-term leadership and support to the progressive movement. It is headed by Neera Tanden and based in Washington, D.C.

CAP provides a detailed fact sheet with statistics about Latinas in the U.S. In particular, there are figures that show successes and disparities in health, education, entrepreneurship, economic security, and political leadership. According to CAP, the information "should guide our choices to enact sensible policies to unleash the potential of this growing demographic and benefit our economy."

Some key highlights under entrepreneurship:
* Latinas are underrepresented as business owners, especially among the Fortune 500 companies. However, ownership among Latina entrepreneurs has grown immensely over the past 15 years.
* As of 2013, Latinas owned about 1 out of every 10 women-owned businesses.
* In 2012, data showed that the receipts of Latina-owned businesses totaled $65.7 billion; this is an increase of 180 percent from 1997 to 2013.
* Revenue for Latina-owned businesses grows at about 9.5 percent per year.
* Latina-owned businesses are concentrated in the industries of health care at 20 percent, administrative services at 18 percent, retail at 10 percent, professional at 9 percent, and real estate at 6 percent.

To view CAP's fact sheet, click here.



Source: HispanicBusiness.com (c) 2013. All rights reserved.


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