Irving ranked in the top 30 U.S. cities for hispanic entrepreneurs, according to a new study by WalletHub.
The study examined the 150 most populated cities in the country and weighed factors like highest median annual income for Hispanics and share of hispanic owned businesses to come up with the list.
Before the metrics were calculated, WalletHub suspected the areas with the highest Hispanic populations numbers would do the best, according to WalletHub analyst Jill Gonzalez. For the most part, that prediction held true. Texas and Florida fared well, while New England and the eastern Midwest fared poorly.
Other rankings for cities in North Texas were, No. 35 Fort Worth, No. 37 Dallas and No. 44 Arlington.
So how can cities improve the environment for Hispanic and minority entrepreneurs?
Jill Gonzalez, WalletHub analyst:“When we’re looking at entrepreneurship in general, corporate taxes always come into play to make it a more business friendly environment for anyone. In terms of Hispanic entrepreneurs, getting some incubators started that specifically deal with hispanic entrepreneurs that help them connect with resources across the country, but of course within their city first, would definitely be helpful.”
Presented by Dallas Business Journal