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Population & Economic Strength

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Hispanics in Westchester County

› In 2005 18% of the Westchester County population was of Hispanic origin, totaling almost 170,000.

› In 2002 there were about 8,400 Hispanic-owned businesses in Westchester.

U.S. Hispanic Demographics
› According to the U.S. Department of Education, 84,333 Hispanics earned a Bachelors Degree and 24,017 earned a Masters or Doctorate degree in 2004.

› According to the U.S. Census Bureau, Hispanics are the fastest growing ethnic
group in the U.S. and constitute almost 15% of the total U.S. population today.
As of June 1, 1999 there were an estimated 31.3 million Hispanics living in
the United States.

› The Hispanic population is expected to reach 52.7 million or 16.3% of the
nation’s total population by the year 2020.

› According to the U.S. Census Bureau, by the year 2050, Hispanics are
expected to comprise 24.5% of the total U.S. population.

› Hispanics are the largest minority in the United States, with an estimated
population of 41.3 million. They are estimated to grow by more than 1.7 million
a year. (Source: U.S. Census Bureau)

› In 2004, there were 41.3 million Hispanics in the U.S., representing 14.2% of
the total U.S. population.

› 63% of Hispanics in the U.S. are of Mexican origin; 10% from Puerto Rico;
4% from Cuba; 3% from Dominican Republic; and 3% from El Salvador.
(Source: 2005 Pew Hispanic Center, tabulations from 2000 Census)

› More than one eight of the people in the United States are of Hispanic origin. (
Source: U.S. Census Bureau)

› Hispanics accounted for 40% of the country¹s population growth between
1990 and 2000. (U.S. Census Bureau)

› The number of prosperous Hispanic households (those with incomes of at least $100,000) rose 137% between 1990 and 2000 (Source: U.S. Census Bureau)

› U.S. Hispanic purchasing power has surged to nearly $700 billion and is projected to reach $1 trillion by 2010, nearly three times the overall national rate of consumer purchasing power over the past decade. (Source: HispanTelligence®)

› Current Hispanic purchasing power is 8.5% of total U.S. purchasing power, but will reach 11% by 2010, when taking into account factors such as the narrowing Hispanic vs. overall U.S. income gap and the increase in the number of Hispanic households with earned income. (Source: HispanTelligence®)

› The net worth of U.S. Hispanics surpassed $534 billion in 2000, a 30% increase since 1998. (Source: HispanTelligence®)

› Hispanics represent the largest minority group online with 6.9 million net users, followed by 6.6 million African Americans and 4 million Asians online, according to eMarketer’s web site.

Business and Entrepreneurship
› There are approximately 2 million Hispanic-owned businesses in the country that generate almost $300 billion in annual gross receipts. By 2010, there will be 3.2 million Hispanic firms generating $465 billion (Sources: Small Business Administration, HispanicTelligence® )

› The number of Hispanic-owned companies grew 82% since 1997, making them among the fastest-growing business segments in the nation (Source: HispanTelligence® )

› 1 out of every 10 small businesses will be Hispanic by the year 2007. (Source: Hispanic Trends)

› Small businesses make up 98% of all businesses and create the majority of new jobs added to the economy. (Source: Small Business Administration)

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