Providence ranks last of cities for Hispanic entrepreneurs

PROVIDENCE RANKED last in a survey conducted by WalletHub regarding best and worst cities for Hispanic entrepreneurs. / COURTESY OF WALLETHUB
PROVIDENCE RANKED last in a survey conducted by WalletHub regarding best and worst cities for Hispanic entrepreneurs. / COURTESY OF WALLETHUB

PROVIDENCE – Rhode Island’s capital city ranked last in a survey of the best and worst cities for Hispanic entrepreneurs.

The survey, released by WalletHub Tuesday, listed Providence’s overall rank at No. 150, in a list of 150 cities. Second to last was Worcester, Mass. at No. 149. Boston ranked No. 138.

Providence also ranked last in Hispanic purchasing power, and No. 145 in business friendliness.

Regarding highest unemployment rates, Providence was ranked No. 140. In comparison, Plano, Texas, had the lowest unemployment rate of Hispanics.

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The top three cities for Hispanic entrepreneurs were Pembroke Pines, Fla.; Corpus Christi, Texas, and Laredo, Texas.

WalletHub assessed the minority business climate within the 150 largest U.S. cities in celebration of National Hispanic Heritage Month beginning Sept. 15. WalletHub examined 19 metrics, including Hispanic entrepreneurship rates, corporate tax systems and the share of businesses owned by Hispanics.

“With the findings of this study, WalletHub aims to help aspiring Hispanic and Latino entrepreneurs find the most fertile ground from which to grow their enterprises,” the company stated in a press release.

To view the entire list, visit http://wallethub.com/edu/best-and-worst-cities-for-hispanic-entrepreneurs/6491/.

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