The number of Latino-owned businesses has grown nearly 50 times faster than non-Latino-owned businesses, yet Latino businesses lag far behind in revenue compared with those owned by non-Latinos. The result is a $1.4 trillion opportunity for the U.S. economy, according to a new report from the Stanford Latino Entrepreneurship Initiative.
On Wednesday, the organization gathered founders and CEOs of Mastec, Liberty Power, Senzari, Nearpod, Rokk3r Labs and Endeavor Miami to discuss the findings and what is ahead for its new national project that aims to provide industry research and education programs for accelerating Latino entrepreneurs.
“Today, the primary engine of growth is Latino business formations. That’s a volume statement. This program is focused on catalyzing the gazelles, the companies that can grow very fast and very big,” Sol Trujillo, chairman of Trujillo Group Investments and a member of the SLEI board, told the group gathered in downtown Miami. “This is a national resource we are trying to build at Stanford.” READ MORE AT MIAMI HERALD
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