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What Limits Hispanic Entrepreneurs

Hispanic entrepreneurs opened twice as many businesses as the national average in the 2000s, according to U.S. Census data.
Hispanic entrepreneurs opened twice as many businesses as the national average in the 2000s, according to U.S. Census data.Photograph by Getty

When broadcast television and Internet data streams out of the Democratic National Convention this week, Louis Romero will be “feeling really good” about his company, Network Cabling Systems in Charlotte. That’s because the $8 million, 55-employee venture spent two months this year upgrading cable systems at one of the convention’s venues to accommodate coverage. “When we look at our president and the other political figures, we’ll know we had something to do with that,” says Romero, 50.

As a Hispanic entrepreneur, Romero has “just as much opportunity as any other business does,” and has faced obstacles with cash flow and administration, similar to many business owners. His goal this year is to “grow organically and smart” and draw up a succession plan for his 22-year-old venture.