The number of Latino-owned businesses is growing 10x faster than White-owned businesses, as reported by the Stanford Graduate School of Business
In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses.
- In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses.
- As shown in the graph, the 3-year (2020-2023) median compound annual growth rate was 8.7% for Latino-owned businesses versus just 5.6% for white-owned businesses.
- Latinos are not only starting businesses faster and experiencing higher revenue growth rates but they are also creating more jobs with better benefits.
- It’s important to highlight that Latinas are starting new businesses and growing revenues more rapidly than their male counterparts.