CENSUS SHOWS BOOM IN LATINO-OWNED FIRMS.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. The number of Latino-owned businesses increased at three times the rate for all U.S. firms in the last economic census. Their receipts rose by 135 percent, twice the overall rate, the Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census reported Wednesday. The survey of minority-owned business enterprises is conducted every five years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time last in 1992. The next economic census is scheduled for 1998, covering the year 1997. The report Wednesday concentrated on Latino businesses. The number of Latino firms was 490,000 in 1987 and had climbed to 863,000 in 1992. Receipts increased from $32.8 billion to $76.8 billion. For all U.S. firms, receipts rose 67 percent, from $2 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. to $3.3 trillion. Commerce Secretary Mickey Kantor said this growth took place amid a weak economy, in the face of discriminatory dis·crim·i·na·to·ry adj. 1. Marked by or showing prejudice; biased. 2. Making distinctions. dis·crim lending practices, and ``is a great testimony to the tenacity, courage and talent of the officers and employees of these companies.'' California led the states with Latino-owned businesses with 250,000 firms, about one-third of the total. Texas had 156,000 businesses and Florida was third with 118,000. However, the statistics showed that one of every five businesses in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). is Latino-owned. One in eight in Texas falls in that category and one in nine in Florida and California. The Los Angeles-Long Beach area, with 109,000 businesses, had 44 percent of the total in California. And Miami, with 77,000, had 65 percent of the Florida Latino-owned businesses.Forty-five percent of Latino firms were in the service industry. |
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