WORCESTER – The City of Worcester has been ranked towards the bottom of U.S. cities offering entrepreneurial opportunities for the Hispanic community, according to a new report from the data experts at Wallethub.
The report — 2019’s Best & Worst Cities for Hispanic Entrepreneurs — ranks Worcester #175 out of 182 American cities studied in an attempt to find the best cities for a Hispanic-owned enterprise.
WalletHub compared the 182 cities across 24 key metrics ranges from Hispanic entrepreneurship rate to median annual income of Hispanics to share of Hispanics with at least a bachelor’s degree.
In the categories of “Hispanic Business-Friendliness” and “Hispanic Purchasing Power,” Worcester ranked #153 and #174, respectively.
The most alarming note in the report regarding Worcester is the City’s bottom five ranking (#177) for lowest median annual income for Hispanics [adjusted for cost of living].
Even with Worcester’s poor ranking, the City does find itself ranked higher than other New England cities, including: New Haven (#179), Bridgeport (#180) and Providence (last on the list at #182).
To see how Worcester compares to other cities in New England and across the country, scroll the map below.
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