The Growing Business Sector You Need to Know About

The number of Hispanic businesses in the United States is growing and you should consider benefiting from this. Sales derived from Hispanic-owned firms are estimated to reach three-hundred and thirty one billion dollars in 2007 and then steadily grow to five- hundred and thirty-nine billion dollars by 2012, according to research by HispanTelligence, the research division of Hispanic Business Inc. According to the report, the three major areas of Hispanic business include retail, wholesale trade, and construction.

The importance of Hispanic businesses and the Hispanic consumer cannot be ignored. The trend clearly indicates their rising importance in the everyday fabric of American business. Hispanics as a group accounted for over 13% of the U.S. population. As an investor, there are many opportunities to play the significant growth in this key consumer group.

In December 2003, Hispanic-owned investment bank Ramirez & Co, launched the first major index of Hispanic stocks listed in the US. The Ramirez & Co Hispanic index comprises about 10 companies.

The fact of the matter is that the Hispanic community is significant and stocks that cater to this consumer group could win big going forward.

As far as U.S.-listed stocks with a Hispanic orientation, I have provided a list and their descriptions below. The stocks should not be construed as an endorsement and the list is only for information purposes. I advise more due diligence in examining these companies.

Entravision Communications Corporation (NYSE/EVC) is a Spanish-language media company that targets U.S. Hispanics.

First BanCorp (NYSE/FBP) is a financial holding company operating in Puerto Rico and the Virgin Islands.

Gruma S.A.B. de C.V. (NYSE/GMK) produces and distributes corn flour and tortillas.

International Bancshares Corporation (NASDAQ/IBOC) is a financial holding company comprised of four banks in south and southeast Texas.

MetroCorp Bancshares, Inc. (NASDAQ/MCBI) is a Houston- based bank with a Hispanic customer base.

Popular, Inc. (NASDAQ/BPOP) provides financial services in Puerto Rico, the United States, the Caribbean and Latin America

Spanish Broadcasting System, Inc. (NASDAQ/SBSA) is a Hispanic-controlled radio broadcasting company with stations across the United States.