The second annual Bank of America Hispanic Small Business Owner Spotlight survey was released earlier this month showcasing the environment of Hispanic entrepreneurial confidence nationwide. According to the report, the majority of Hispanics believe the national economy and their local economy will improve in 2018. Their response numbers of 60% and 67% respectively came in much higher than their non-Hispanic counterparts of 46 percent and 48 percent, respectively.
When broken down over several facest including growth in 2018versus a five year period, Hispanics were more positive on both outlooks versus non-Hispanic business owners in America. “Seventy-one percent believe their revenue will increase in 2018” along with “Seventy-seven percent of Hispanic small business owners report[ing] growth plans over the next five years.”