Amarillo Lands in the Top 15 Best Cities for Hispanic Entrepreneurs

Amarillo is a great city for opportunity and growth and being a business owner is something most people want to strive for in their careers.

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According to the US Small Business Administration, one in four new businesses in the US is owned by a Hispanic.  Out of the 5 million Hispanic-owned businesses in the US, they contribute over $800 billion to the American economy each year.

WalletHub conducted a study to find out the best cities in the country for Hispanic Entrepreneurs.  They looked at a selection of cities in the United States and looked at 24 key indicators including Hispanic entrepreneurship rate to Hispanic income growth to the share of Hispanic-owned businesses.

Amarillo landed on the list at #15

Amarillo is a perfect place to start a business because of the great people, and the Amarillo people love to support their local businesses.

Here are some of the data from the study:

Hispanic Business Climate in Amarillo (1=Best, 91=Avg.):

• 50^th – Share of Hispanic Residents
• 1^st – Hispanic Unemployment Rate
• 83^rd – Hispanic Population Growth
• 40^th – Hispanic Renter-to-Owner Ratio
• 52^nd – Median Annual Income of Hispanics (Adjusted for Cost of Living)
• 26^th – Housing Affordability for Hispanics

According to the recent US Census data, Hispanics or Latinos make up 34% of the population in Amarillo and currently makeup 40% of the population in Texas. Hispanics are expected to make up 28% of the US population by 2060.  With this data, it makes perfect sense that Amarillo is perfect for Hispanic Entrepreneurs.  Our city is already full of amazing Hispanic business owners.