www.Gazelleindex.com seeks to provide information, data, and analyses that assist minority and small businesses in improving their performance. One of our readers’ favorite blog posts examined the 2007 – 2010 performance of companies owned by each race and ethnic group. The time frame corresponded to the Great Recession. The groups studied included Blacks, Hispanics/Latinos, Asian, women, and whites. Gazelleindex is powered by EuQuant, pronounced U-Quant. In this update, we discuss business performance since the recession ended in 2009. The analysis tracks 1,660 Hispanic-owned firms that were federal government contractors. The same company was followed from year-to-year. A snapshot was taken in January 2010 and then again in January 2014. The results indicate the industry with the largest number of Hispanic-owned businesses was Professional, Scientific and Technical Services (21.9%). The industry that had the highest average revenue was Wholesale and Retail Trades ($11.7 Million). Finally, the industry that experienced the fastest revenue growth was Professional, Scientific and Technical Services (65%). Find out where your industry stacks up.
Industry Distribution
The largest industry concentration of Hispanic-owned businesses was in Professional, Scientific and Technical Services (21.9%). This was followed in respective order by the following industries: Textiles, Chemical and Metals Manufacturing (15.5%); Residential Construction (14.5%); Industrial and Commercial Construction (13.5%); Specialty Trades Contracting (9.9%); Electronic and Equipment Manufacturing (6.6%); Wholesale and Retail Trades (5.7%); Heavy and Civil Engineering Construction (5.3%); Telecommunications, Data Processing and Internet Services (3.6%); Information, and Broadcasting -except Internet (1.8%); Administrative Support Services (1.2%); Transportation and Warehousing (0.7%); and lastly Finance, Insurance and Real Estate (.5%).
Average Revenue
The highest average income, as of January 2014, for Hispanic owned businesses, organized in descending order by industry was as follows: Wholesale and Retail Trades ($11.7 Million); Transportation and Wholesale Services ($11.6 Million); Electronic Product and Equipment Manufacturing ($8.9 Million); Industrial and Commercial Construction ($8.2 Million); Information Broadcasting -except Internet ($8.2 million); Telecommunications, Data Processing and Internet ($7.1 Million);Residential Construction ($6 Million); Heavy and Civil Engineering Construction ($5.9 Million); Textiles, Chemicals and Metal Manufacturing ($5.9 Million); Specialty Trades Contracting ($3.9 Million); Professional, Scientific and Technical Services ($3.9 million); Administrative Support Services ($2.8 Million); Finance, Insurance and Real Estate ($2.2 Million).
Average Revenue Growth, 2010-2013
For Hispanic owned businesses, the fastest growing industries ranked by revenue were as follows: Professional, Scientific and Technical Services (65%); Specialty Trades Contracting (46%); Telecommunications, Data Processing and Internet (33%); Residential Construction (30%); Electronic Product and Equipment Manufacturing (28%); Transportation and Warehousing (22%); Wholesale and Retail Trades (15%); Finance, Insurance and Real Estate (15%); Information Broadcasting -except Internet (13%); Administrative Support Services (8%); Manufacturing, Textiles, Chemicals and Metals (1%); Industrial and Commercial Construction (-2%); Heavy and Civil Engineering Construction (-73%);
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