With a level playing field, latino entrepreneurs could contribute $1.47 trillion to the U.S. economy
This post originally appeared on the blog of our partner, CDC Small Business Finance [2].
As an organization committed to creating access to capital for Latino entrepreneurs, we feel it is critical to share a look at the state of Latino-owned businesses. We encourage everyone to ask themselves if they are stepping up to support Latino small business growth and success.
DID YOU KNOW?
- There are more than 4 million Latino entrepreneurs in the nation.
- In California, a quarter of all businesses are owned by Hispanic entrepreneurs. But in spite of this entrepreneurial clout, Latino businesses account for just 6.5 percent of receipts and sales in the state.
- Latino businesses are currently driving over $660 billion into the U.S. economy annually.
- Latino entrepreneurs are outpacing the growth of all other businesses in the U.S. by 3-to-1.
- Potential to add $1.47 trillion to the U.S. economy if Latino entrepreneurs had the same access to resources and opportunity as their counterparts.