Tuesday, September 15, 2020

State of latino entrepreneurship (2019 research report)

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

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