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Recognizing Hispanic American Heritage Month: Commerce Department Offers Valuable Resources and Services for Hispanic Entrepreneurs and Hispanic -Owned Businesses

The Hispanic American community is deeply rooted in the history of the United States and are an integral part of the rich fabric of our nation. True to our mission of creating the conditions for economic growth and opportunity—for all Americans—the Commerce Department works every day to support and invest in the Hispanic business community to create jobs and promote economic growth.

Over our Nation’s history, the Hispanic American community in general, and the Hispanic American business community in particular, has provided invaluable contributions that have enriched America’s economy and overall society. With the number of Hispanic Americans increasing as a share of the United States’ overall population, we look forward to even more contributions from this vital community.  

As of April 1, 2020, the Hispanic share of the U.S. population was 18.7%, making people of Hispanic origin the nation’s second largest racial or ethnic group. Hispanic-owned companies are a quickly growing segment of U.S. businesses. Hispanic-owned employer firms account for over 40% of all minority-owned employer firms in the U.S., contribute $423 billion in U.S. economic output, and produce 2.87 million jobs per year.

Many Commerce Department agencies offer a wide range of services to help U.S.-based companies, entrepreneurs, innovators, and minority and women-owned businesses compete and be successful while strengthening the United States’ role as a global leader.

Below are a list of services and resources ranging from demographic data, grant opportunities, assistance with exporting as well as valuable resources for Hispanic American innovators, entrepreneurs and minority-owned businesses.

Additional government tools and resources for businesses, entrepreneurs and minority and women-owned businesses can also be found at the U.S. Small Business Administration.