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Sep 25, 2023

Question of the Day [Hispanic & Latinx Heritage Month]: What are the top 3 industries for Hispanic/Latinx-owned businesses?

About 375,000 U.S. businesses are Hispanic/Latinx-owned. What three industries make up most of them?

Answer: 

  1. Construction
  2. Accommodation and food services
  3. Professional, scientific, and technical services

An artistic banner that reads: Hispanic Heritage Month. We are all, we are one.

Questions:

  • What skills and qualifications are needed for a career in these fields? Are they applicable across all fields, or are some industry-specific?
  • How would a person’s skills and qualifications need to be different to own a business in these fields rather than just being employed in them?
  • What role does having mentorship in a specific industry play compared to someone starting a business with no experience?

 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind the numbers (US Census Bureau):

"Approximately 7% or 375 thousand businesses in the United States were Hispanic-owned in 2020. The top three sectors for Hispanic-owned businesses were: Roughly 16% Construction. These businesses had a total of 381,379 employees. About 13% Accommodation and food services. These businesses had a total of 50,231 employees. (Includes restaurants and food services.) Approximately 12% Professional, scientific, and technical services. These businesses had a total of 188,001 employees. (Includes accounting, engineering, architectural, veterinary services.)"

 

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Check out more NGPF resources to celebrate Hispanic & Latinx Heritage Month!

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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

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