South Florida a Hub for Hispanic-owned Businesses

South Florida is home base to six of the 10 largest Hispanic-owned companies in the United States, according to the latest ranking from media company HispanicBusiness of Santa Barbara, Calif.

Two of the 10 largest hail from Fort Lauderdale: SDI International, a technology services provider that ranked No. 4 based on $980 million in revenue last year, and Liberty Power, an independent supplier of retail electricity that ranked No. 8 based on $655 million in revenue last year.

Analysts say South Florida dominates the list, because Hispanic entrepreneurs in the area tend to be wealthier, better educated and more international in their focus than Latinos in other areas of the country. Broward, Miami-Dade and Palm Beach counties have one of the highest percentages of Hispanics among major metro areas in the country, including many immigrants active with business overseas.

“The Miami area has always been a great destination for the entrepreneurial community,” said Jerry Haar, director of Florida International University’s Pino Global Entrepreneurship Center. “We draw on entrepreneurs from throughout the Americas, with more from the upper- and middle-class and more based in international trade.”

 

Read : “South Florida a Hub for Hispanic-owned Businesses” an article by HispanicBusiness Inc.

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