Tag Archives: WalletHub

hispanic

Valley cities rank high for Hispanic business climate

The United States is often dubbed “a nation of immigrants.” But lately the path to American citizenship has been a rough road, especially for an increasing number of Hispanics. Whether they’ve entered U.S. borders lawfully or otherwise, many have felt the sting of marginalization, racism and discrimination in every kind of social environment. And despite the unfriendly welcome, they’re as motivated as ever to put down roots in American soil in order to find better opportunities and improve their lives.

For Hispanics who’ve successfully integrated into American society, they also have managed to contribute significantly to the economy. Their collective impact is reflected in the growing quantity of Hispanic-owned businesses in the country, which stood at 3.1 million in 2013. Together, they hauled in an estimated $486 billion in revenue, as reported by Geoscape and the U.S. Hispanic Chamber of Commerce. Even the estimated 11.7 million undocumented immigrants in the U.S. bestow net positive gains on the national economy over time.

Equally as impressive, Hispanics opened businesses — many owned by self-employed individuals — at a rate more than twice the national average of 18 percent between 2002 and 2007, according to the most recent U.S. Census Bureau figures. Today, Hispanics and Latinos constitute the largest ethnic minority in the U.S. And by 2050, they could make up a third of the country’s population, quickly becoming what USHCC President and CEO Javier Palomarez appropriately described as “America’s business future.”

In celebration of National Hispanic Heritage Month beginning Sept. 15, WalletHub, a leading personal finance social network, assessed the minority business climate within the 150 largest U.S. cities. It did so by examining 19 key metrics such as Hispanic entrepreneurship rates, corporate tax systems and the share of businesses owned by Hispanics.

Among the Top 20 best cities for Hispanic entrepreneurs, Metro Phoenix is represented by two cities — Gilbert and Chandler. Below are the rankings of each of them together with the top metrics.

Gilbert ranks No. 4 for Hispanic business climate:
4th – Hispanic Renters to Hispanic Owners Ratio
12th – Unemployment Rate of Hispanics
15th – Housing Affordability for Hispanics
18th – Length of Average Workday

Chandler ranks No. 10 for Hispanic business climate:
15th – Unemployment Rate of Hispanics
18th – Income Growth of Hispanics
18th – Length of Average Workday
19th – Hispanic Renters to Hispanic Owners Ratio

phoenix

Report: Arizona is 7th Least Safest State

With June being National Safety Month,the personal finance social media network WalletHub decided to follow up on its analysis of 2014’s Best & Worst Cities for Families with an in-depth look at the Safest States to Live In.

WalletHub compared each of the 50 U.S. states and the District of Columbia based on 26 key metrics. The data is broken down into categories that include workplace safety, emergency preparedness, home and community stability, traffic safety and, of course, financial security. By doing so, families and individuals can easily factor safety among their considerations when comparing prospective locations to lay down roots. Below is a brief overview of WalletHub’s findings.

Safety Conditions in Arizona:

35th – Murder and Non-negligent Manslaughter per Capita
38th – Fatalities per 100 Million Vehicle Miles of Travel
41st – Employer Health Insurance Coverage Rates
35th – Public Hospital Rankings
23rd – Sex Offenders Per Capita
31st – Assault per Capita
37th – Percentage of Population Without Health Insurance Coverage
37th – Percentage of People Who Spend More Than They Make
50th – Annual Consumer Savings Account Averages
17th – Number of Climate Disasters (over 1 billion in damage)

For the full report, visit http://wallethub.com/edu/2014s-safest-states-to-live-in/4566/.

downtown Gilbert AZ

Gilbert among best cities for families

With Father’s Day coming up on Sunday and the school year making way to free time with family, the personal finance social network WalletHub today followed up on its analysis of the Best & Worst Places to Staycation in 2014 with an in-depth look at the Best & Worst Cities for Families.

WalletHub compared each of the 150 largest cities in the U.S. based on 31 key metrics – ranging from crime rates and school system ranks to housing costs and even the number of parks per capita – in order to help families across the country identify the ideal location to put down roots. It’s wedding season, after all, and a lot of newlyweds will be making such crucial decisions in the months to come.

Here are 2014’s Best Cities for Families:

1. Plano, Texas
2. Sioux Falls, South Dakota
3. Overland Park, Kansas
4. Fremont, California
5. Irvine, California
6. Virginia Beach, Virginia
7. Lincoln, Nebraska
8. Anchorage, Alaska
9. Gilbert, Arizona
10. Amarillo, Texas