Hispanics form considerable economic base for Idaho

Recently a business partner brought to my attention an article on Hispanics in Idaho.  I found the information very motivating with today’s economic conditions.  Recent studies show that Hispanics in Idaho increased in purchase power in comparison with Hispanics nationwide by a full percentage point, reaching 13.5% in 2008.

Hispanics play a large part in overall economic  growth, and are increasingly becoming more important contributors to the economy of Idaho and its businesses.  Furthermore, the Hispanic population grew by 5% in 2008, representing 10% of the total population in the state.  Pew Research Center shows that 60% of the 10% are homeowners/householders in Idaho and rank 3^rd in the nation. 

The statistics show that the influence of Hispanics will continue to grow in the future, and during the current recession, will continue to contribute to the economic growth of the state of Idaho.

Source: Idaho Department of Labor & Mirada Magazine

 

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