Flawless Steel Welding is a proud Latino-owned business based in Denver, Colorado, for ten years now. With years of being in the construction industry, we were able to handle numerous projects. Some of which are Edgewater Public Market Place, Uptown Pearl and Tavern, Conn’s Homeplus, etc.
While there are adversities along the way, Flawless Steel Welding, just like the other Latino-owned businesses, will indeed continue to thrive. Growth and success can still be expected in the years to come. If you want to learn some facts about Latino-owned businesses, here are some of the things you should know about them:
3 Facts About Latino-Owned Businesses
1. Without Latino-owned businesses, the economy in the United States would have been worse between 2008 to 2010.
During the 2008 to 2010 recession, the number of non-Latino businesses drastically decreased. On the other hand, the number of Latino-owned businesses increased by over a million. If it weren’t for those new businesses, there would have been a 10% increase in the unemployment rate in the United States, according to researchers.
2. Latinos continue to contribute to the US economy.
According to the 2020 Latino-owned business study by Biz2Credit, the annual revenue of Latino-owned businesses increased from $479,413 in 2019 to $525,415 in 2020. The 10% increase shows that Latino-owned businesses are continuously growing and are expected to grow more in the coming years.
In 2020, a growth of 34% was observed in the number of Latino business owners for the past decade. Compared to the 1% increase in the number of all business owners in the entire United States, the rate at which Latino-owned businesses grow is indeed impressive.
3. Latino-owned businesses are over-indexed in numerous fast-growing industries.
Five of the fastest-growing industries in the United States are the following:
- Construction
- Health Care & Social Assistance
- Administrative, Support & Waste
- Professional, Scientific, Tech.
- Other Services (Except Public)
Latino-owned businesses are over-indexed in four of those industries. The only industry wherein Latino-owned businesses are not over-indexed is in Professional, Scientific, Tech. We, at Flawless Steel Welding, are proud to be a part of the construction industry.
About Us at Flawless Steel Welding
Besides being a part of the rapidly growing Latino-owned businesses in the United States, Flawless Steel Welding is also proud to provide professional structural services such as the following:
- Steel Fabrication
- Steel Erection Services
- Miscellaneous Steel Fabrication
- Sandblasting
- Press Brake
- CNC Services
- Structural Steel Services
- General Welding Services
- Crane Services
- Shear Studs Services
We are an AISC certified fabricator & erector, so you can rest assured that all our services are done with professionalism and quality. As our company name implies, we are dedicated to providing flawless results for all the projects entrusted to us, whether big or small. So, if you ever need to avail of some of the services listed above, such as metal fabrication in Colorado Springs, we will be more than happy to be at your service.
