WalletHub recently published a study, detailing the best and worst cities for Hispanic entrepreneurs in the United States. The report entitled, "2014's Best and Worst Cities for Hispanic Entrepreneurs," was drafted with use of in-depth research and analysis, and it concluded that Providence, Rhode Island, was the absolute worst city in the U.S. for Hispanic entrepreneurs.

In recent years, Hispanics have been launching businesses at a record rate, piloting industries at twice the rate of the national rate. Business-minded and natural risk-takers, it's no surprise that Hispanics often create their own home-based and/or small business, which goes to produce in-home revenue, as well as revenue for their community.

"For Hispanics who've successfully integrated into American society, they also have managed to contribute significantly to the economy. Their collective impact is reflected in the growing quantity of Hispanic-owned businesses in the country, which stood at 3.1 million in 2013," report author Richie Bernardo said. "Together, they hauled in an estimated $486 billion in revenue, as reported by Geoscape and the U.S. Hispanic Chamber of Commerce. Even the estimated 11.7 million undocumented immigrants in the U.S. bestow net positive gains on the national economy over time."

WalletHub examined the minority business climate within the 150 most-populated U.S. cities to unearth "the most fertile ground for Hispanic enterprise." They assessed 19 key factors, such as corporate tax systems, Hispanic entrepreneurship rates and the share of business owned by Hispanics to determine their findings.

The leading 10 cities for Hispanic entrepreneurs, as featured in the report, were Pembroke Pines, Florida; Corpus Christi, Texas; Laredo, Texas; Gilbert, Arizona; Rancho Cucamonga, California; Jacksonville, Florida; El Paso, Texas; St. Petersburg, Florida; Baton Rouge, Louisiana; and Chandler, Arizona. And the cities that came in at the rear of the list were Minneapolis, Minnesota; Winston-Salem, North Carolina; Detroit, Michigan; Jersey City, New Jersey; Milwaukee, Wisconsin; Cleveland, Ohio; Newark, New Jersey; Philadelphia, Pennsylvania; Worcester, Massachusetts; and dead last, Providence, Rhode Island.

Some key results that were derived from the WalletHub report: the unemployment rate of Hispanics in Port St. Lucie, Florida is six times times higher than in Cincinnati, Ohio; the number of businesses owned by Hispanics in Hialeah, Florida is 140 times higher than in Cincinnati; and housing affordability for Hispanics in Detroit is none times higher than in New York. Also, the percentage of Hispanics with at least a bachelor's degree in Irvine, California is nine times higher than in Santa Ana, California.

To learn more about WalletHub, "The Social Network for Your Wallet," and their interesting findings, check them out on Facebook and Twitter. Also, check below for some more interesting data from WalletHub.