The number of Latino-owned businesses is growing 10x faster than White-owned businesses, as reported by the Stanford Graduate School of Business [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
collaboration with the Stanford Graduate School of Business (GSB), released the 9th annual State of Latino Entrepreneurship (SOLE) research report highlighting the latest trends in Latino entrepreneurship across the U.S. The findings will be presented today at the 2024 State of Latino Entrepreneurship (SOLE) Summit. The research provides valuable insights into the contribution and opportunity Latinos represent to the U.S. economy, as well as shedding light on the continuous challenges faced by Latino business owners. This year's report aims to understand better the diversity and intricacies of Latino entrepreneurship, focusing on three different sub-groups: women business owners, tech-centric firms, and immigrant-owned companies. KEY TAKEAWAYS: THE LATINO OPPORTUNITY FOR THE U.S. ECONOMY The research shows that Latino-owned businesses are a dynamic and growing portion of the U.S.; with more than 5 million firms driving $800 billion in revenue, they represent a huge opportunity
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