Economic Development, Human Resources, and Small Business & Startups

Grand Rapids ranks 122nd in US for Hispanic entrepreneurs

May 3, 2018
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Grand Rapids has again been ranked toward the bottom in a list of cities with good business climates for Hispanic entrepreneurs.

Grand Rapids ranks 122nd out of 182 cities in the 2018 ranking of “Best cities for Hispanic entrepreneurs,” which was posted last week by WalletHub, a personal finance website.

The city ranks 67th for Hispanic business friendliness and 150th for Hispanic purchasing power.

Detroit, the only other Michigan city in the ranking, ranks No. 172.

Methodology

WalletHub compared 182 cities — including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state — across 23 key metrics.

The data set ranges from Hispanic entrepreneurship rate to Hispanic income growth, to share of Hispanics with at least a bachelor’s degree, to share of Hispanic-owned businesses.

Each city’s rank was determined using a weighted average of all metrics.

Top 10

1.   Laredo, Texas
2.   South Burlington, Vermont
3.   Charleston, West Virginia
4.   Corpus Christi, Texas
5.   Oklahoma City
6.   Pembroke Pines, Florida
7.   Amarillo, Texas
8.   San Antonio, Texas
9.   Bismarck, North Dakota
10. Casper, Wyoming

Bottom 10

173. Jersey City, New Jersey
174. Rochester, New York
175. Worcester, Massachusetts
176. Newark, New Jersey
177. Buffalo, New York
178. Wilmington, Delaware
179. Cleveland
180. Bridgeport, Connecticut
181. Providence, Rhode Island
182. New Haven, Connecticut

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