Top 10 best cities for Hispanic entrepreneurs

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With National Small Business Week approaching and the U.S. census projecting Hispanics to be over 25% of the population by 2050, the personal-finance website WalletHub has released its report on 2018’s Best Cities for Hispanic Entrepreneurs. To help Hispanic entrepreneurs find the best citis to start their enterprises, WalletHub compared more than 180 U.S. cities across 23 key metrics. The data set ranges from Hispanic entrepreneurship rate to Hispanic income growth to share of Hispanic-owned businesses. Here are the top 20 cities in America for Hispanic entrepreneurs:

Top 20 Cities for Hispanic Entrepreneurs

 

1 Laredo, TX 11 Miami, FL
2 South Burlington, VT 12 Tulsa, OK
3 Charleston, WV 13 Grand Prairie, TX
4 Corpus Christi, TX 14 Sioux Falls, SD
5 Oklahoma City, OK 15 Cheyenne, WY
6 Pembroke Pines, FL 16 Tampa, FL
7 Amarillo, TX 17 Irving, TX
8 San Antonio, TX 18 Fort Worth, TX
9 Bismarck, ND 19 El Paso, TX
10 Casper, WY 20 Austin, TX

Best vs. Worst cities for Hispanic entrepreneurs

  • Hialeah, Fla., has the highest share of Hispanic residents, 96.26 percent, which is 72.9 times higher than in Jackson, Miss., the city with the lowest at 1.32 percent.
  • Fargo, N.D., has one of the lowest Hispanic unemployment rate, 0.90 percent, which is 18.8 times lower than in Rochester, N.Y., the city with the highest at 16.90 percent.
  • Pittsburgh has the highest share of Hispanics with at least a bachelor’s degree, 46.90 percent, which is 10.7 times higher than in Detroit, the city with the lowest at 4.40 percent.
  • Charleston, W.V., has the highest entrepreneurship rate among the Hispanic population, 3.15 percent, which is 28.6 times higher than in Toledo, Ohio, the city with the lowest at 0.11 percent.

View full report and your city’s rank now:
https://wallethub.com/edu/best-and-worst-cities-for-hispanic-entrepreneurs/6491/

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