MEDIA ADVISORY: New Research Finds Over 40% of Million-Dollar Latino-Owned Business Are Owned by Immigrants

The Stanford Latino Entrepreneurship Initiative Provides Insights
About U.S. Latino Entrepreneurial Landscape

–(BUSINESS WIRE)–#latinobusiness–Stanford Graduate School of Business:

WHAT:

Stanford Graduate School of Business (GSB) and the Stanford Latino
Entrepreneurship Initiative (SLEI) will host an event on Wednesday,
Jan. 18, where new research findings about the current state of
Latino entrepreneurship will be introduced and discussed with
business leaders.
 
SLEI surveyed over 4,900 companies around the U.S., and findings
include:
 

∙ 40-50% of large Latino-owned businesses with over $1 Million in
revenue or over 50 employees are owned by immigrants.

∙ Latino businesses have demonstrated a growth rate 300% higher
than the national average over the last decade.

∙ Latino businesses are located all over the U.S. with 75% in
majority non-Latino neighborhoods.

 

SLEI is a Stanford University research initiative housed within
Stanford GSB. SLEI, in collaboration with the Latino
Business Action Network
, has created a comprehensive research
database of more than 1.3 million U.S. Latino-owned businesses and
survey panel of over 4,900 independent companies.

 

WHO:

Speakers include top-level CEOs and industry experts as well as
academic experts from Stanford University and Stanford Graduate
School of Business.

 

WHEN:

Wednesday, Jan. 18, 10:00 a.m.-12:00 p.m. The
State of Latin@ Entrepreneurship

 

WHERE:

Knight Management Center

Stanford Graduate School of Business

655 Knight Way

Stanford, CA 94305
 

WHY:

Heading into 2017, immigration and the economic impact of
immigrants on the U.S. economy will take a prominent role in
policy due to the 2016 presidential elections. The Stanford
research proves timely as it sheds light into the economic impact
that Latino immigrant-owned business have on the U.S. economy.

 

There are currently over 4 million Latino-owned businesses in the
United States. According to data reported by the U.S. Hispanic
Chamber of Commerce, these businesses represent the
fastest-growing sector of the American economy. Projections peg
growth at a staggering 43% rate between 2007 and 2015, compared to
20.2% for all U.S. firms. While only 2% of Latino-owned businesses
earn over $1 Million a year in revenue, SLEI’s research enables a
better understanding of growth factors that drive businesses to
scale. These businesses have the potential to power unprecedented
growth in the U.S. economy.

Contacts

Stanford Graduate School of Business
Heather Hansen, 650-723-0887
hhansen@stanford.edu