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

WHAT:

∙ 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:

WHEN:

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

WHERE:

Stanford Graduate School of Business

655 Knight Way

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.