Hispanic-Owned Businesses Growing At Record Pace Under Trump

Biz2Credit, which helps finance small business, recently conducted a study that showed Latino-owned businesses are experiencing significant growth during President Donald Trump’s time in office.

‘Latino-owned businesses have grown’

Biz2Credit’s CEO Rohit Arora said Latino business owners are seeing a 46 percent jump in revenue this year, which will be a boost to America’s strong economy.

“Latino-owned businesses have grown 31.6% since 2012, and our research finds that revenues of Latino-owned companies jumped 23% from 2017-18.,” noted the study. “Cost management is a challenge for young and growing firms, which can factor into the dip in credit scores. Latino businesses are thriving and expanding, and they help contribute to the overall strength of the U.S. economy.”

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Hispanic Business Doing Well Despite Democrats’ Propaganda

In May, Alfredo Ortiz of the Job Creators Network said that while Democrats continue to say Trump’s economy has not been good for Hispanics, the facts reveal the opposite.

“The fact is that Hispanics are flourishing in the Trump economy,” Ortiz wrote at The Hill. “Democrats asserting the contrary is a mere partisan talking point to try to deny Trump the Hispanic support he has earned and which may decide the presidential election outcome next year.”

“Expect Democrats to increase their identity politics attacks in an effort to skew Latinos against Republicans over the next year and a half,” Ortiz added.

Last year,  Arora called the rapidly expanding Latino community a “powerful force” and said that those businesses “contribute more than $700 billion to the economy annually.”

 

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“The achievements of Latino small businesses are impressive when you consider it is often hard for them to gain access to capital. Yet they are making progress,” Arora noted.

Kenia Castillo, who operates the popular Canave restaurant in Inwood, New York, says what’s happening now for Latinos in the U.S. is like a dream come true.

“This is the American Dream for us,” Castillo told the New York Post. “We keep getting busier and are now looking at expansion.”

The study also found California, Texas, New York, Georgia, and Pennsylvania were the top five states for Hispanic owned businesses.

Manuel Chinea, COO of Popular Bank, said, “The growth of Latino businesses is undeniable and will undoubtedly increase as this important group becomes a larger section of the population,”

“By 2050, Latinos are expected to comprise almost 30% of the population, compared to 18% today,” he added.

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Mike Pence: ‘President Donald Trump is the best friend that Latino and Hispanic business have ever had’

Vice President Mike Pence noted back in June, “Under the leadership of President Donald Trump, in two & half short years we have the lowest unemployment rate ever recorded for Hispanic Americans.”

“President Donald Trump is the best friend that Latino and Hispanic business have ever had in the White House,” Pence added.

As Alfredo Ortiz noted, Democrats will continue to paint President Trump in the worst possible light to American Hispanics, but given this good economic news – will it work?