SUMMARY: This report provides insights regarding Latino entrepreneurship and the Latino business sector, focusing on financing and growth opportunities. Overall, Latino businesses are growing faster than the Latino population.
- The number of Latina-owned companies increased by 87% from 2007-2012 but around 40% of Latina entrepreneurs do not feel qualified to access funding from financial institutions.
- Millennials that came to the United States as children own 86% of scaled, immigrant-owned firms despite only 27% of Latino businesses being immigrant-owned.
- Latino firms secure the bank loans at the lowest rate of other groups with 12% while white firms secure 18.4% of bank loans.
- 9% of Latino businesses have international clients, leading with the highest rate.
- Prosperity Now, The State of Latino Entrepreneurship in 2017: What You Need to Know, Diego Quezada
- Palm Beach Multicultural Business News, State of Latino Entrepreneurship 2017, Gene
- Stanford Graduate School of Business, What’s Fueling Latino Entrepreneurship — and What’s Holding It Back, Kerry A. Dolan
- Hispanic Executive, SLEI Unveils Its 2017 State of Latino Entrepreneurship Research Report, Jonas Weil
- Silicon Valley Business Journal, Despite Big Barriers, Latino Entrepreneurs are Outpacing All Others in U.S., Marlize van Romburgh
- The Hispanic Institute, Latino-owned Businesses Are the Fastest-Growing Entrepreneurial Segment in the United States Despite Funding Barriers, Rafael
DATE OF PUBLICATION: February 17, 2018
AUTHORS: Marlene Orozco (Lead Research Analyst for SLEI), Paul Oyer (Fred H. Merril Professor of Economics at the Stanford Graduate School of Business; and SLEI Faculty Advisor), and Jerry I. Porras (Lane Professor of Organizational Behavior & Change Emeritus at Stanford Graduate School of Business; SLEI Faculty Advisor; and Latino Business Action Network Cofounder)
ABOUT THE RESEARCHER: Stanford Latino Entrepreneurship Initiative (SLEI) is a research and education collaboration between Stanford University and the Latino Business Action Network (LBAN), a 501(c)(3) not-for-profit organization located in Palo Alto, CA. SLEI is housed at the Stanford Graduate School of Business.