A new report finds that immigrants outpaced native-born Americans in starting new businesses last year.
Tag: Hispanic businesses
The crisis in the U.S. auto industry is among the many serious challenges facing Michigan’s economy. People are moving out of Michigan at a higher rate than any state in the nation, and at 8.5 percent Michigan has the highest average annual unemployment rate in the U.S. Despite these trends, business in the state’s Hispanic community is flourishing.
Feet In Two Worlds‘ Martina Guzman reported on Detroit’s thriving Latino businesses in a piece that aired on WDET, Detroit Public Radio.
Guzman compared some Motown neighborhoods where “buildings designed by world famous architects” are “now abandoned” to the city’s Mexicantown where “historic buildings have been renovated. There are ethnic grocery stores, bakeries, restaurants, shops and a bustling main street.”
As the national economic crisis deepens and the state faces the loss of thousands more manufacturing jobs, Metro Detroit’s Latino business community may be a ray of hope on Michigan’s bleak economic landscape.
You can hear Martina’s piece by pressing play or you can visit WDET’s page here.[audio:http://wdet.org/audio/articles/HispanicBiz.mp3]