WalletHub recently released a list of the Best Cities for Hispanic Entrepreneurs. According to the article, the more than four million Hispanic-owned businesses in the U.S. have grossed $144 billion in yearly revenue. The article ranks the 150 largest cities in the United States based on factors that include entrepreneurship rates, the share of businesses owned by Hispanics, and 5-year survival rate, among others.

So, in celebration of Hispanic Heritage Month, we are diving into the top 5 cities on the list and finding the resources that make those cities so successful for Hispanic entrepreneurs. With this, we hope that we are able to encourage other cities to implement these resources to help their entrepreneurial communities.

5. Baton Rouge, LA

Baton Rouge boasts a large Hispanic population that has grown in the last few years, which certainly has contributed to its place on this list. However, the state itself has a lot of resources for entrepreneurs. In particular, they have the Hispanic Chamber of Commerce of Louisiana, which has itself launched many resources to help entrepreneurs. Some of those resources include The Hispanic Business Resources & Technology Center, which is a coalition of public and private entities that provide business assistance, educational opportunities, and social services to areas affects by Hurricane Katrina. This organization also offers entrepreneur training courses that are taught in the evenings in both English and Spanish. They have also pushed to have the U.S. Senate Committee on Small Business & Entrepreneurship to translate their resources in Louisiana into Spanish.

4. Pembroke Pines, FL

As a major population center in the Miami Metropolitan Area, Pembroke Pines boasts a large Hispanic population. But more than that, the city itself is a huge supporter of small businesses and entrepreneurs. in fact, of the small businesses in the city, all of them have less than 20 employees. The city lists 24 organizations that are able to help with building a business and for Hispanic entrepreneurs specifically they suggest the Hispanic Business Initiative Fund. This organization is focused on helping Hispanic entrepreneurs start and scale their businesses by offering funding opportunities and other bilingual resources.

3. Corpus Christi, TX

Corpus Christi, along with the entire coastal area of Texas, has been a great haven for entrepreneurs because of the recent revitalization of Main Street in many of these towns. Corpus Christi, in particular, has been a great city because of the Coastal Bend Innovation Center, which offers businesses the chance to grow with resources that they provide and with mentors that can ensure the business owners are going in the right direction. In addition, the Service Corps. or Retired Executives offer mentors to small business owners. However, in all our research, the biggest takeaway was that the small business community in this city is one that is very supportive of each other and want to help the city grow together.

2. El Paso, TX

In addition to its close proximity to Mexico, El Paso is the home to the University of Texas, which is one of the main reasons the city is such a successful area for entrepreneurs. The School of Business Administration at the university offers a Center for Hispanic Entrepreneurship, which is a research program that helps support Hispanic entrepreneurship in the region. There is also the El Paso Hispanic Chamber of Commerce, which works to add to the growth of the city’s relationship with Mexico and the business owners that work in both spaces. They offer education and networking events for small business owners of minority and women-owned businesses.

1. Laredo, TX

With a population that is 95.6% Hispanic, Laredo is naturally a city that supports much Hispanic entrepreneurship because of the sheer number of Hispanic-owned businesses. In addition to the high Hispanic purchasing power, Laredo has a high success rate for their entrepreneurs and a low. The city has nearly 25,000 businesses that have less than 20 employees. Though the city doesn’t have as many resources to help start businesses, the low starting barrier makes it the perfect place for entrepreneurs to grow their businesses!

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