Milenio Associates, LLC Receipts of Latino-owned firms rose 49 percent, from $77 billion in 1992 to $114 billion in 1997, compared with a 40 percent increase for all U.S. firms of the same type over the same period. The data in the report were collected as part of the 1997 Economic Census from a large sample of nonfarm businesses filing tax forms as sole proprietorships, partnerships or any type of corporation, which had receipts of $1,000 or more in 1997. This increased in Latino businesses, is in line with the doubling of the Latino community during the 10 years since the last national population count was taken, jumping from 45,752 in 1990 to 90,820. Latinos now represent 8.7 percent of Rhode Island's total population. According to the data released by the bureau, eighty percent of the increase in the Hispanic population occurred in three communities: Providence, Pawtucket and Central Falls. All Firms¹ Rhode Island
Firms with Paid Employees
Firms
Sales and
Firms
Sales and
Employees
Number
Receipts
Number
Receipts
(Number)
Annual Payroll ($1,000)
($1,000)
($1,000)
Total 2,186 207,036 447 157,405 Kent County 103 20,767 37 19,037 Newport County 139 8,760 12 6,413 Providence 1,780 166,964 370 124,172 County 1 All firms data include both firms with paid employees and firms with no paid employees.
1,890 166 49 1,538
31,264 4,883 1,285 23,894
Source: Minority Owned Business Enterprises Table 3. Statistics for Latino Owned Firms by State: 1997, U.S. Census Bureau, 1997 Economic Census Mar. 6, 2001
Statistics for Selected Places With 100 or More Latino Owned Firms: 1997 All Firms¹ Firms Sales and
Firms
Rhode Island Number
Receipts
Firms with Paid Employees Sales Employees Annual and Payroll
Number
(Number) Receipts
($1,000)
($1,000) ($1,000) Total 2,186 207,036 447 157,405 Central Falls 100 6,060 24 4,564 Cranston 274 18,606 18 8,867 Pawtucket 190 46,167 32 42,068 Providence 731 61,893 124 39,736 1 All firms data include both firms with paid employees and firms with no paid employees.
1,890 25 69 542 445
31,264 833 1,784 7,024 6,619
Source: Minority Owned Business Enterprises Table 3. Statistics for Latino Owned Firms by State: 1997, U.S. Census Bureau, 1997 Economic Census Mar. 6, 2001, pg 108
© Tomás Alberto Ávila
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