A new university study presents the challenges Hispanic-owned small businesses in Texas face in growing their businesses including overcoming a lack of employee training in management and communication skills and gaining better access to markets. The report presented at the Texas Association of Mexican Chambers of Commerce annual August meeting in San Antonio was produced by the university’s Bureau of Business Research and funded by both the university and the Ewing Marion Kauffman Foundation. The university invested $155,000 in the survey through the McCombs School of Business and the Office of the President.
The survey conducted by mail between July 2011 and August 2012 solicited 2,811 Texas-based Hispanic businesses with paid employees. Research findings concluded that Hispanic businesses largely remain small, and that their owners hire mainly Hispanic or an equal number of Hispanic and non-Hispanic employees, which is in line with previous census results. To read a story that offers recommendations for these businesses, click the link http://www.today.mccombs.utexas.edu/2012/08/university-study-reveals-critical-needs-of-hispanic-owned-small-businesses-in-texas, or to view the full report, visit ic2.utexas.edu/hob.