Statistics of the Month - September Latin American Women Hispanic women-owned businesses in the United States, 2004: As of 2004 there are an estimated 553,618 majority-owned, privately-held Hispanic women-owned firms in the U.S., employing 320,000 people, and generating nearly $44.4 billion in sales. Between 1997 and 2004, the number of Hispanic women-owned firms increased by 63.9 percent and sales have increased by 62.4 percent. Four in ten (38.8 percent) firms, majority-owned by women of color, are owned by Hispanics. Firms owned by Hispanic women now represent 8.3 percent of all privately-held, majority women-owned firms in the U.S. More than one-third (34.9 percent) of all Hispanic-owned firms are owned by women. Hispanic women-owned firms employ 18.5 percent of the workers in all Hispanic owned firms and generate 16.3 percent of the sales. More than half (58.1 percent) of all Hispanic women-owned firms are in the service sector; 13.3 percent are in retail trade; and 5.4 percent are in goods-producing industries. A substantial portion is in unclassified industries (14.2 percent). The greatest growth by industry in the number of Hispanic women-owned firms from 1997 to 2004 is in the transportation, communications and public utilities industry, with 72.5 percent growth; followed by services (62.4 percent) and construction (50.6 percent). A large growth rate was also found among unclassified industries (63.9 percent). Source: 2005 Women's Business Research, http://www.womensbusinessresearch.org *Disclaimer: Although we try to use the most credible sources, we are not responsible for any incorrect findings. Read more: CDW Archive: "Profile From Another Culture: The First Woman Writer in the Americas" by Carlos B. Gil Want more statistics, on a variety of topics? Visit our Diversity Statistics page.

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