Latino owned business
• The total number of businesses grew by 34% between June 2009 and June 2019 (10 years) compared to 1% for all business owners in the USA
• Employs more than 3 million people
• Contributes nearly $500 billion in annual sales to the U.S. economy.
• Average annual growth rate in revenue of 14% (outpacing the growth of the U.S. economy)
• 5-year compound annual growth rate in revenue of 9%.
• 54% of Latino-owned businesses had positive annual revenue growth and
• 63% had positive compound annual revenue growth over the past five years
• The total number of businesses grew by 34% between June 2009 and June 2019 (10 years) compared to 1% for all business owners in the USA
• Employs more than 3 million people
• Contributes nearly $500 billion in annual sales to the U.S. economy.
• Average annual growth rate in revenue of 14% (outpacing the growth of the U.S. economy)
• 5-year compound annual growth rate in revenue of 9%.
• 54% of Latino-owned businesses had positive annual revenue growth and
• 63% had positive compound annual revenue growth over the past five years
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