Why Offering More Credit to Latino-owned Businesses is Vital to the Future of the U.S. Economy
Retrieved on:
Thursday, February 10, 2022
"Ensuring their continued success with access to credit to grow their businesses should be everyone's priority because they have become a major driving force in the economy.
Key Points:
- "Ensuring their continued success with access to credit to grow their businesses should be everyone's priority because they have become a major driving force in the economy.
- They now represent 24 percent of all new businesses, compared to only 10 percent just a decade ago," said De Alba.
- Latinos are also the fastest-growing segment of the U.S. population and the best way for them to reach wealth is through entrepreneurship.
- That's why they're also twice as likely as the general population to start a business.