The Arizona Hispanic Chamber of Commerce's Datos Report says that Hispanic consumers will spend more than $43 million in the state in 2013.
The annual report shows that the market segment is growing.
“By 2015, that will be $50 million for the state of Arizona in Hispanic purchasing power, said Lea Marquez-Peterson, president of the Tucson Hispanic Chamber of Commerce.”
The report also shows Hispanics, and particularly Hispanic women, are rapidly becoming business owners.
Findings show there are 67,000 Hispanic-owned businesses in Arizona, with roughly one-third owned by women.