--(BUSINESS WIRE)--Stanford Graduate School of Business:
|
WHAT: |
Stanford Graduate School of Business (GSB) and the Stanford Latino Entrepreneurship Initiative (SLEI) will host an event on Wednesday, Jan. 18, where new research findings about the current state of Latino entrepreneurship will be introduced and discussed with business leaders. |
| SLEI surveyed over 4,900 companies around the U.S., and findings include: | |
|
∙ 40-50% of large Latino-owned businesses with over $1 Million in revenue or over 50 employees are owned by immigrants. |
|
|
∙ Latino businesses have demonstrated a growth rate 300% higher than the national average over the last decade. |
|
|
∙ Latino businesses are located all over the U.S. with 75% in majority non-Latino neighborhoods. |
|
|
SLEI is a Stanford University research initiative housed within Stanford GSB. SLEI, in collaboration with the Latino Business Action Network, has created a comprehensive research database of more than 1.3 million U.S. Latino-owned businesses and survey panel of over 4,900 independent companies. |
|
|
WHO: |
Speakers include top-level CEOs and industry experts as well as academic experts from Stanford University and Stanford Graduate School of Business. |
|
|
|
|
WHEN: |
Wednesday, Jan. 18, 10:00 a.m.-12:00 p.m. The State of Latin@ Entrepreneurship |
|
|
|
|
WHERE: |
Knight Management Center |
|
Stanford Graduate School of Business |
|
|
655 Knight Way |
|
| Stanford, CA 94305 | |
|
WHY: |
Heading into 2017, immigration and the economic impact of immigrants on the U.S. economy will take a prominent role in policy due to the 2016 presidential elections. The Stanford research proves timely as it sheds light into the economic impact that Latino immigrant-owned business have on the U.S. economy. |
|
There are currently over 4 million Latino-owned businesses in the United States. According to data reported by the U.S. Hispanic Chamber of Commerce, these businesses represent the fastest-growing sector of the American economy. Projections peg growth at a staggering 43% rate between 2007 and 2015, compared to 20.2% for all U.S. firms. While only 2% of Latino-owned businesses earn over $1 Million a year in revenue, SLEI’s research enables a better understanding of growth factors that drive businesses to scale. These businesses have the potential to power unprecedented growth in the U.S. economy. |
|
