NEW YORK (AP) - The number of Hispanic-owned businesses in the U.S. is expected to nearly double this year from 2002.
That's the finding of a study released Friday by the U.S. Hispanic Chamber of Commerce and Geoscape, a company that provides demographics data. The study, which analyzed U.S. census data and other information, projected there would be nearly 3.2 million Hispanic-owned businesses in the country in 2013, up from nearly 1.7 million in 2002.
The study also forecasts that the number of Hispanic-owned businesses in the South Atlantic region will surpass the number in the Pacific region this year.
The surge in Hispanic-owned businesses reflects the rapid growth of the Hispanic population. The number of Hispanics counted in the U.S. census in 2012 rose 2.2 percent from 2011 to 53 million.
Copyright 2016 by The Associated Press. All Rights Reserved.