Washington Heights: 181st Street and Broadway is the heart of Dominican business in New York City. And it’s not just in Washington Heights. The number of Hispanic-owned businesses in New York City has nearly doubled since the late 1990s. More than 140,000 — or about 1 in 7 businesses in the Big Apple — are now owned by Latinos.
It is a national phenomenon. More than 3 million Latino-owned businesses exist in America today. That is up more than 40 percent since 2007. The fact is Hispanics are starting businesses at three times the national rate, fueling the economy, empowering Hispanic families, and all while changing Main Street USA.
“It’s a sign of pride,” said Cid Wilson. “You know the sign of pride that we are coming here, that we are succeeding in America, and here in Washington Heights this is an example of what we are seeing around the country as Latinos are opening businesses they are creating businesses they’re growing businesses and they are thriving.”
Dominican-American Wilson has seen firsthand how the power of small business can impact generations of immigrants, including himself. Wilson’s parents emigrated from the Dominican Republic to Washington Heights in the mid-1960s and together they became one of the first to open a Hispanic medical practice in the neighborhood, right across the street from home.
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