Hispanic Hospitality Is Helping the American Economy
Style Magazine Newswire | 10/5/2018, 2:16 p.m.
Hispanic businesses contribute a staggering $700 billion to the national economy annually. According to the State of Latino Entrepreneurship report, the Hispanic population is starting businesses at three times the rate of the general population. What all of this equates to is a large economic catalyst for the nation resulting in more jobs and more money going back into local economies across the country. Among these businesses, we have seen significant growth in the number of restaurants owned and operated by Hispanic entrepreneurs. As a whole, the restaurant industry is the second largest private-sector employer in the country, employing over 15.1 million Americans and, of that group, 25 percent are Hispanic. This entrepreneurial spirit is one that the National Restaurant Association and the United States Hispanic Chamber of Commerce (USHCC) are proud to support and celebrate not just this month, but throughout the year.