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Santa Barbara, CA--(HISPANIC PR WIRE)--June 1, 2006--The June issue of Hispanic Business magazine features the 24th annual Hispanic Business 500(R), the benchmark directory of the 500 largest Hispanic-owned companies in the United States.
The Related Group of Florida, a leading builder of luxury condominium highrises, has maintained its lead for the second year in a row as the top Hispanic-owned company in the nation with 2005 revenues of $3.247 billion. It is the first company in the history of the Hispanic Business 500 to grow by $1 billion in two consecutive years. Related CEO and Chairman Jorge Perez attributes the firm’s success to broad relationships and networks within South Florida along with a carefully monitored strategy and infrastructure that can support flexible planning and fast growth.
The annual Hispanic Business 500 directory is widely recognized as the barometer of the U.S. Hispanic Economy. Cumulative revenues for the directory totaled $34.82 billion in 2005, a 15.2 percent increase from 2004 – or four times the growth rate of the U.S. economy. A searchable directory of the 2006 Hispanic Business 500 is available on the magazine’s companion website, HispanicBusiness.com.
“The 500 can be read as divided between the fast-growing, well-capitalized top of the rankings, and the slower-growth bulk of the list. It is the latter, all with revenues in excess of $5 million, that make up the U.S. Hispanic middle-market economy,” stated Jesús Chavarría, Editor and Publisher of Hispanic Business magazine.
More broadly, according to a companion article at HispanicBusiness.com that reports on just-released Economic Census data, U.S. Hispanic-owned enterprises numbered 1.6 million in 2002, accounting for revenues of $245 billion. Their numbers increased 31 percent since the last Economic Census in 1997, at almost three times the rate of all U.S. companies.
The June issue of Hispanic Business magazine is available in print and digital editions. The digital edition is available immediately for download, and subscriptions for both editions are available at HispanicBusiness.com.
About Hispanic Business Inc.
For more than a quarter century, Hispanic Business Inc. has been the source for the latest trends, research, and reporting on the growth of the U.S. Hispanic consumer market and the Hispanic enterprise and professional sectors.
Hispanic Business Media properties provide innovative branding and targeted marketing solutions across multiple platforms:
-- Award-winning print editorial via Hispanic Business(R) magazine, which provides readers in the United States and around the world with the most relevant and data-driven news on the U.S. Hispanic economy.
-- Fresh, real-time online content and interaction via HispanicBusiness.com(R).
-- Hispanic Business Events, which feature and draw the nation’s most affluent and influential Hispanic leaders. Examples include: The Hispanic Business magazine EOY(R) Awards for entrepreneurial excellence; the CEO Capital Markets Roundtable; and the Woman of the Year (WOY) Awards.
-- Unique data reports on the U.S. Hispanic sector developed by HispanTelligence(R), the research arm of Hispanic Business.
-- Diversity recruiting and development services from HireDiversity.com(R).
Hispanic Business(R) magazine, HispanicBusiness.com(R), Hispanic Business magazine EOY(R), HireDiversity.com(R), and HispanTelligence(R) are registered trademarks of Hispanic Business Inc. 2006 Hispanic Business Inc. All rights reserved.
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CONTACT
Matt Erickson
(805) 964-4554 x308
Matt.Erickson@hbinc.com |
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