Already named one of the best cities for women-owned businesses, San Antonio has a new accolade for the entrepreneurial crowd. A new report names Alamo City one of the best for Hispanic entrepreneurs — No. 13 to be exact.
This is an important demographic to watch — and bolster — as Hispanics are creating businesses at 15 times the national rate. To determine which cities provide the best atmospheres for these budding entrepreneurs, WalletHub analyzed key metrics in two categories: Hispanic business-friendliness and Hispanic purchasing power.
San Antonio ranks 12th for the latter, which took into account such metrics as income and population growth of Hispanics, unemployment of Hispanics, and affordability. When it comes to being business-friendly, San Antonio ranks 23rd.
While there's room for improvement in that category, Texas as a whole is full of opportunities. Laredo, El Paso, and Corpus Christi are the three best cities in America for Hispanic entrepreneurs. In total, eight Lone Star State spots appear in the top 20, including Brownsville (No. 7), Amarillo (No. 11), Plano (No. 12), and Grand Prairie (No. 18).
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