Top Cities in the United States for Entrepreneurship by Hispanic Americans in the Year 2025

WalletHub Releases 2025 Report on Hispanic Entrepreneurship

Orlando, Florida, has been named the top city for Hispanic entrepreneurs in WalletHub's 2025 report, which was released ahead of National Hispanic Heritage Month. The report examined over 180 cities using 23 metrics that capture the vitality of Hispanic entrepreneurship.

Florida cities dominate the rankings, reflecting both depth and consistency in supporting Hispanic entrepreneurship. Orlando ranks tenth in the study for the percentage of businesses owned by Hispanic residents, with more than 19%. Pembroke Pines, Fort Lauderdale, Dover, Miami, Cape Coral, Hialeah, Port St. Lucie, Albuquerque, South Burlington, Tampa, Laredo, Boise, Tallahassee, Jacksonville, Nampa, St. Petersburg, Oklahoma City, Missoula, and Corpus Christi are among the top 20 cities.

The U.S. cities in the top 20 include Miami, Los Angeles, Houston, and San Antonio. Rapid population growth in Orlando strengthens the customer base and talent pipeline for Hispanic entrepreneurs.

In top cities for Hispanic entrepreneurs, as many as 30 percent of businesses are Hispanic-owned. However, underserved communities often lack robust mentorship, networks, and institutional support, slowing early traction for Hispanic entrepreneurs. Access to capital is identified as the most persistent barrier for Hispanic entrepreneurs, with only about one-fifth receiving full funding.

The Latino population is the fastest-growing demographic in the United States, expanding the pool of potential entrepreneurs and the customer base they can serve. Generational influence fuels the surge in Hispanic entrepreneurship, with many founders growing up watching family members build livelihoods through enterprise.

The Hispanic Chamber of Commerce in Orlando expands networks and voice for Hispanic entrepreneurs. In some cities, like Pearl City, which posts the lowest Hispanic unemployment rate among the cities examined, and South Burlington, which records the highest share of Hispanics with at least a bachelor's degree, these organisations play a crucial role in supporting the growth of Hispanic businesses.

However, many Hispanic firms miss out on contracts due to incomplete certifications. Analysts point to standard features of lower corporate tax environments, strong growth prospects, and supportive institutions as factors contributing to the success of Hispanic businesses in top cities.

Despite their presence in technology and growth sectors, less than 2% of venture capital flows to Latino ventures. Family support can predict success for Hispanic entrepreneurs, but systemic inequities often limit that early boost.

In conclusion, the 2025 WalletHub report highlights the potential for growth in Hispanic entrepreneurship, as well as the challenges that still need to be addressed. By fostering a supportive environment, cities can help Hispanic entrepreneurs thrive and contribute to the economic growth of their communities.

Top Cities in the United States for Entrepreneurship by Hispanic Americans in the Year 2025