The Hispanic business community is an integral part of the Indianapolis Region. Check out these key findings about Hispanic business in the Indy Region.
- Nearly 4,900 Hispanic-owned firms employing 7,300 across the nine-county metro area.
- These companies generate a combined $1.1 billion in revenues; the large majority are small enterprises or self-employed entrepreneurs.
- Hispanic-owned companies reflects the explosive growth of the Latino population across the Indianapolis region over twenty years.
- The metropolitan population of Hispanics and Latinos has risen by 480% in the last two decades, 16 times faster than overall population growth.
- Local Latino population growth is dominated by migration and births of Mexican origin (71% of total growth);
- In the nine-county region, Marion County had the largest numeric gains in Hispanic residents, while Hamilton and Hendricks Counties had the highest percentage growth (117% and 81%, respectively);
- Among Hispanic-owned businesses, small firms are most prevalent, and construction is by far the largest industry cluster;
- Other major industries represented – with an average size of one employee or less – include food and retail, professional services and healthcare/social services;
- The larger – by number of employees and average sales – Hispanic-owned businesses tend to be in transportation/warehousing, food service and accommodations, and wholesale trade.
*Numbers are subject to change
Prepared by Indiana Business Research Center at the IU Kelley School of Business in partnership with the IUPUI Office of Community Engagement