+ ++ New survey shows Hispanic businesses in hardest hit sectors are resilient | Latina Lista

New survey shows Hispanic businesses in hardest hit sectors are resilient

New survey shows Hispanic businesses in hardest hit sectors are resilient

LatinaLista — Hispanic Business magazine has released its annual list of the top 500 Hispanic businesses in the nation. During this turbulent economic time, it's expected that these businesses would be suffering hardships along with the rest of the country — construction, automotive and wholesale are especially hard hit now.

The magazine reports that revenues for the Hispanic 500 have slid back to lows not seen since 2002 and only for the third time in the directory's 26-year history.
Yet, editors at Hispanic Business have found some glimmers of light among the dismal news:
The service sector outperformed all sectors nationwide. Also, while some pockets of the country posted decreased revenues, "companies in California and Texas posted rising revenue of 10.6 percent and 16.3 percent, while companies in the Northeast made strong gains in revenues, 34 percent in New York and 21 percent in New Jersey."
However, what the list really shows is that even in those sectors hardest hit by the economy there are a few who are able to break through and actually post success stories because they have a fundamental understanding that hard times call for creative solutions.
The top ten of the Hispanic Business 500 are:
1. Brightstar Corp. — Wholesale
2. Molina Healthcare Inc. — Service
3. The Burt Automotive Network — Automotive
4. The Related Group of Florida — Construction
5. MasTec Inc. — Construction
6. International Bancshares Corp. — Finance
7. Ancira Enterprises Inc. — Automotive
8. The Diez Group — Manufacturing
9. Greenway Ford Inc. — Automotive
10. Lopez Foods Inc. — Manufacturing

Click to add a comment

You must be logged in to post a comment Login

Leave a Reply


More in Business


Brewing Hatred: Coors Beer Company Markets to Women, Latinos, LGBTQ Communities as Coors Family Attacks Their Rights

Latina ListaSeptember 16, 2015

New report highlights job sites’ costly consequences for Latino migrant workers

Latina ListaApril 29, 2015
Migrant Workers Farm Crops In Southern CA

Labor unions need Latino members to survive

Latina ListaOctober 7, 2014

Chicago’s Tamale Underground

Latina ListaSeptember 22, 2014

Business leaders create a complicated twist in the debate over immigration reform

Marisa TreviñoApril 5, 2012

New cable programming highlights nation’s need to uphold affirmative action

Marisa TreviñoFebruary 21, 2012

New report shows Latinos have unprecedented success in lawncare and landscape industry — but for how long?

Marisa TreviñoNovember 22, 2011

Alabama Arrest of German Mercedes-Benz executive under immigration law underscores how little history changes

Marisa TreviñoNovember 21, 2011

New report reveals Latino and black homebuyers with good credit were targets of subprime lenders

Marisa TreviñoNovember 17, 2011