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Hispanic-Owned Businesses Double From 2002 to 2013

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.


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