That's the finding of a study released Friday by the U.S. Hispanic Chamber of Commerce and Geoscape, a company that provides demographics data. The study, which analyzed U.S. census data and other information, projected there would be nearly 3.2 million Hispanic-owned businesses in the country in 2013, up from nearly 1.7 million in 2002.
The study also forecasts that the number of Hispanic-owned businesses in the South Atlantic region will surpass the number in the Pacific region this year.
The surge in Hispanic-owned businesses reflects the rapid growth of the Hispanic population. The number of Hispanics counted in the U.S. census in 2012 rose 2.2 percent from 2011 to 53 million.