The US Census Bureau is reporting a 40% growth in Hispanic Owned Businesses for the state of Texas. Officials say just in Wichita Falls the number of Hispanic owned businesses increased from a flat 9% to 9.17% and that's just in the last 2 years.
Ray Venegas has recently added a new title to his name - entrepreneur.
"It has been a little nerve wrecking at times, but its a learning experience and its been fun," said Venegas, Local Hispanic Business Owner.
Venegas took over R & B Beverage Equipment Repair 10 months ago, but he couldn't do it alone. He sought help from L.O. Nelson at the Small Business Development Center at MSU.
"Ray actually came to us he wanted to go out on his own and do equipment repair in the restaurant arena, coffee machine and tea machines, things like that and so he came to us and we helped him from A to Z to get his business up and running and he's doing quite well," said L.O. Nelson, Assistant Director, MSU-SBDC.
"I take care of the Wichita Falls and Lawton area going in to restaurants, convenient stores, hotels that sort of stuff working on beverage equipment coffee tea," said Venegas.
Venegas is out networking with other Texoma businesses and he says he often runs across fellow Hispanic business owners.
"We have seen an increase of Hispanic potential businesses," said Nelson.
Although this is Venegas' first year as his own boss, he has one goal that keeps him going today.
"To be the person that people think of when they need their coffee machine isn't working right," said Venegas.
Nelson says the SBDC can help anyone with goals of opening their own business. He says they can help with planning, cash flow projections, loan packages and more. Some of the Hispanic owned businesses here in the Texoma area involve landscaping, equipment repair and construction businesses.