Beneath the vast Texan skies, the city of Houston in Harris County is a bustling hub of energy, innovation, and cultural richness. Its vibrant

tapestry showcases a mosaic of diverse communities, but one in particular dazzles with a brilliance that’s impossible to overlook — the Hispanic community. Their soaring numbers, increasing economic influence, and radiant cultural contributions make them an integral part of Houston’s heartbeat. As the city eagerly anticipates the Houston Hispanic Chamber Of Commerce - DATA SUMMIT at The Federal Reserve on Wednesday, August 23, 2023, let’s delve into why this community’s numbers and stories are truly unparalleled.

Hispanic Houston:

A Demographic Marvel

Harris County, brushing against the 5 million mark, is home to a Hispanic population that constitutes a staggering 42%. Yet, these are not mere statistics.

These numbers tell the tale of dreamers, doers, and dynamos who’ve shaped the city’s contours, breathing life and vigor into its every nook and cranny.

Economic Titans of Texas

When it comes to business acumen, the Hispanic community has etched its mark on Houston’s skyline, both metaphorically and literally. Their contributions range from quaint family-owned eateries that have become culinary landmarks to sprawling corporations that command global attention. These enterprises collectively inject billions into the city’s economy, proving the mettle and entrepreneurial spirit of Houston’s Hispanic populace.

A Symphony of Culture

The rhythm of Hispanic culture reverberates through Houston’s streets. Each melody, dance step, and brushstroke adds depth to the city’s cultural repertoire.

Celebrations like Cinco de Mayo and Dia de los Muertos aren’t just events; they’re Houstonian traditions, embraced and cele- brated by all.

HHCC Partnered With U.H. Hobby School Of Public Affairs For The 2023 Data Summit:

As the date approaches, the buzz around the DATA SUMMIT at The Federal Reserve is palpable. Here’s a sneak peek into the grandeur and gravitas of the event:

Demographic Deep Dive: A comprehensive exploration of the Hispanic community’s growth, dynamics, and projected future in Houston.

Economic Expedition: Analyzing the profound impact of Hispanic businesses, their trajectory, challenges, and the opportunities ahead.

Cultural Chronicles: Mapping the indelible influence of Hispanic arts, music, and festivals on the city’s ethos.

Youth and Future: Spotlighting the ambitions, challenges, and potential of the young Hispanic generation, and how they’re gearing up to shape Houston’s future.

Addressing the Disparities: An honest conversation about the socioeconomic disparities and the road ahead to ensure equitable growth and representation.

Wrapping Up

The Houston Hispanic Chamber Of Commerce - DATA SUMMIT at The Federal Reserve isn’t just an event; it’s a testament to the formidable presence and power of the Hispanic community in Houston. As the city gears up for this monumental summit, it’s evident that in the story of Houston, the numbers indeed don’t lie. But beyond the data is the essence of a community that has crafted, nurtured, and elevated the spirit of Houston to global acclaim.

For more information, visit www.HoustonHispanicChamber.com

Hispanic Demographic

Hispanics have accounted for more than half of total US population growth since 2010. In 2019, the number of Hispanics reached 60.6 million, making up 18% of the U.S. population. That’s up from 50.7 million in 2010. The share of US Hispanics with college experience has increased since 2010. About 41% of U.S. Hispanic adults ages 25 and older had at least some college experience in 2018, up from 36% in 2010. The share of Latinos in the US who speak English is growing rapidly. In 2022, 72% of Latinos ages 5 and older spoke English proficiently, up from 59% in 2000. Four in five Latinos are US citizens. A record 35 million Latinos are projected to be eligible to vote in 2024, up from 30 million in 2018. Five states are home to two-thirds of all Latino eligible voters. Texas is home to nearly 6 million

National Hispanic Economic Data

According to the SBA, nearly 1 in 4 new businesses in the U.S. are Hispanic-owned. The nearly 5 million Hispanic-owned businesses in the United States contribute more than $800 billion to the American economy annually. Hispanic employer businesses employ about 1 million workers, with more than $100 billion in annual payroll. In the decade preceding the pandemic, the number of Hispanic business owners increased 34% compared to an increase of just 1% among non-Hispanic business owners.

Hispanic Small Business Data

Houston is home to more than 125,000 small businesses. Together, small businesses in the region employ nearly 500,000 Houstonians. Houston is a leader nation in small business optimism, per the Houston Business Journal. This can be attributed to the increased diversification of the economy in the region. Houston also ranks among the top 30 cities where small businesses are thriving. Houston boasts more than 9,000 new startups created annually, which attracts more than $750 million in venture capital funding annually.

Houston Hispanic Spending Power

Houston Hispanics currently spends more than $54 billion a year. By 2022, Hispanic spending in the region could top $80 billion – more than 25% of spending in the region. More than 53% of Hispanics in the region own their own home. The Hispanic community represents 1/4th of the region’s residential market. Hispanics are two times more likely to start a business than other demographic groups. Hispanics represent more than a quarter of all auto sales in the region. Hispanic-owned small businesses represent nearly 50% of the small businesses owned in the region. Over 30% of Hispanics in Houston own some kind of an investment. The number of Hispanic entrepreneurs in the region out-numbers all other demographic groups 2 to 1.