US Entrepreneurship Rate Is Mostly Driven By Hispanic Population

Since the early 2000s, the Hispanic community has shown significantly higher rates of opportunity-driven entrepreneurship than white, African American, and Asian American populations. This type of entrepreneurship occurs when someone starts a new business to take advantage of a business opportunity rather than becoming self-employed out of economic hardship.

This PIIE Chart was adapted from Gonzalo Huertas and Jacob Funk Kirkegaard’s Working Paper 19-3, The Economic Benefits of Latino Immigration: How the Migrant Hispanic Population’s Demographic Characteristics Contribute to US Growth