PSL ranked fourth best city for Hispanic entrepreneurs

Published on September 04, 2024

Wallet Hub Award best city for entrepreneurs

, WalletHub Financial Writer

Expect the Hispanic and Latino community’s contributions to the U.S. economy to be nothing short of monumental in the coming decades. This demographic is expected to make up 28% of the U.S. population by 2060 — translating into large buying power. In addition, nearly one in four new businesses is Hispanic-owned.

But what places have the best conditions for a Hispanic-owned enterprise? To answer that question, WalletHub compared more than 180 U.S. cities across 23 key indicators of success for Hispanic entrepreneurs. Our data set ranges from the Hispanic entrepreneurship rate to Hispanic income growth to the share of Hispanic-owned businesses.

  • Port St. Lucie's overall rank: 4
  • Total Score: 64.76
  • Hispanic Business-Friendliness rank: 7
  • Hispanic Purchasing Power rank: 9

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