Hispanic growth an economic factor

Report: Houston should prepare for Hispanic growth
— Houston Business Journal

Business and political leaders in Harris County should be prepared for unprecedented change during the next 20 years as Hispanics become the dominant demographic group in the region.

That was the message delivered at a Houston conference Thursday morning presented by the Greater Houston Partnership and Hispanic business groups.

The focal point of the conference was a report issued by the Tomas Rivera Policy Institute titled “Increasing Wealth in the Latin Community.”

Harry Pachon, the institute’s president and CEO, said an affluent Latino middle class is growing at a rapid pace. Nationwide, 37 percent of Hispanic households have incomes of more than $50,000 and 10 percent are above $100,000, he noted.


Author: Paloma Cruz

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