Number of Hispanic owned businesses doubles

Published: Oct. 6, 2015 at 2:19 PM MST|Updated: Dec. 1, 2015 at 4:08 PM MST
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TUCSON, AZ (Tucson News Now) - The Arizona Hispanic Chamber of Commerce released its fifth annual edition of the DATOS Tucson report on Oct. 6.
According to a release, the report provides an overview of the state of the Hispanic market in southern Arizona, as well as statewide and nationally.

"Tucson and southern Arizona are vital to Arizona's overall economic prosperity, especially as it relates to our fast-growing partnership with Mexico," said Gonzalo A. de la Melena, Jr., President and CEO of the Arizona Hispanic Chamber of Commerce. "We're proud to deliver the message that Arizona's future is inextricably linked to the economic health of its exploding Hispanic population."
The release states the number of Hispanic-owned business have doubled statewide 2007, while the number of Latina-owned businesses has tripled.

James Garcia with the Arizona Hispanic Chamber of Commerce said the increase is due to the graduation rate increasing among Hispanics.

He also said during the recession when people were being laid off, some decided to start their own business instead of looking for a new job.

Candy Ramirez, who owns Candy's Cakes and More, said, "To own my own business is not just showing other girls that it can be done but also showing my two boys and my step-daughters that you can have your own independent and make your own money and whatever it is you want to do because it is yours. You don't have to give it back to anybody else."

Maria Larios and her husband started their business nearly 10 years ago. After decades of working for someone else, she knew it was time to be her own boss.

"It is always great to own our own business. It has been great. We really like it, really enjoy it. It is everyone's American dream to have their own business," she said.

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