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Hispanics will play huge role in Arizona's future economy, DATOS report says

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Posted at 10:23 AM, Sep 23, 2019
and last updated 2019-09-23 13:23:15-04

Hispanic consumers will have a ton of buying power during the next few years — especially in Arizona, according to a report released Friday.

The Arizona Hispanic Chamber of Commerce "2019 Datos: The State of Arizona’s Hispanic Market" reported Hispanic buying power in Arizona will reach $57 billion in 2022.

The 23rd annual Datos report also found Hispanic-owned businesses are playing an increasingly important role in the American economy.

The number of Hispanic-owned businesses increased by 40.2% from 2012 to 2018, while all U.S. businesses grew by 18.8% in comparison.

Read more from the Phoenix Business Journal.