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Report projects Hispanic business growth

Monday, December 1, 2014 by Elizabeth Pagano

For those who missed it, last week the Greater Austin Hispanic Chamber of Commerce released its 2014 Central Texas Hispanic Business Market Landscape. The report, which surveyed 9,693 Hispanic-owned businesses in the region that generate $4.8 billion in revenue, predicted that by 2020 that number could climb to 51,000 businesses that would generate $12.8 billion in revenue. At a news conference last week, Economic Development Department Director Kevin Johns said the report was a “critical step” toward developing a realistic analysis of the population of Hispanic businesses. “I think the future is rapidly approaching for the Hispanic business community,” Johns said. “I think if we all pull together, this is going to be a major part of the solution in creating equality and growth in Austin’s future.”

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