Hispanic business

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Every once in a while, one of our centers gets a call from a reporter. That was the case last Tuesday, when the 2002 SURVEY OF BUSINESS OWNERS (SBO) came out with the release of the Final Estimates of Business Ownership by Hispanic or Latino Origin. It showed that the Hispanic-Owned Firms: 2002 in the Albany area actually dropped in relation to 1997, though the population had increased.

Complicating the story further was the fact that the the 1997 data were in SIC, while the 2002 data were NAICS-based. Also, the definition of the Albany metro area changed. The Albany-Schenectady-Troy, NY MSA used to include Albany County, Montgomery County, Rensselaer County, Saratoga County, Schenectady County, and Schoharie County. The current definition, however, excludes Montgomery County.

There's a new beast in the Census terminology, though, the Combined Statistical Area. The Albany-Schenectady-Amsterdam, NY CSA includes the newly configured Albany-Schenectady-Troy Metropolitan Statistical Area, the Amsterdam, NY Micropolitan Statistical Area, the Glens Falls, NY Metropolitan Statistical Area, the Gloversville, NY Micropolitan Statistical Area, and the Hudson, NY Micropolitan Statistical Area.

Micropolitan? If you REALLY want to know the definition of all of these terms go here.

Regardless, Amsterdam, NY Micropolitan Statistical Area is Montgomery County; Gloversville, NY Micropolitan Statistical Area is Fulton County; Hudson, NY Micropolitan Statistical Area is Columbia County, NY; (Glens Falls, NY Metropolitan Statistical Area is Warren County and Washington County).

This was SO convoluted that, uncharacteristically, I ended up speaking to the reporter myself, the results of which are found here. Generally, though, we prefer to remain the background, trying to make our advisors look good.
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N.Y. Leads Boom in Hispanic Business, according to Hispanic Business magazine.

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