MEDIA ADVISORY: New Stanford Research Finds Over 40% of Million-Dollar Latino-Owned Businesses Are Owned by Immigrants

News Corp CEO Rupert Murdoch to Discuss the State of Latin@ Entrepreneurship

--()--Stanford Graduate School of Business:



Stanford Graduate School of Business (GSB) and the Stanford Latino Entrepreneurship Initiative (SLEI) will introduce new research on the current state of Latino entrepreneurship. The findings will be discussed with business leaders, including News Corp Chairman and CEO Rupert Murdoch and former Telstra CEO Sol Trujillo.

SLEI surveyed more than 4,900 companies around the U.S. and findings include the following:

Among large Latino-owned businesses (those with over $1 million in revenue or more than 50 employees) 40-50% are owned by immigrants.

The number of Latino-owned businesses has grown 300% faster than the national average over the last decade.

Latino-owned 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 and conducted in collaboration with the Latino Business Action Network. SLEI has created a comprehensive database of more than 1.3 million U.S. Latino-owned businesses and a survey research panel of over 4,900 independent companies.


WEDNESDAY, JAN. 18, 10 a.m. to 12 noon. Media interviews are available after the event.



Rupert Murdoch, CEO and Chairman of News Corp

Sol Trujillo, former CEO of Telstra Corp

Jerry Porras, Lane Professor Emeritus of Organizational Behavior and Change

Doug Rivers, Senior Fellow, Hoover Institution

Phil Pompa, Executive Director, Latino Business Action Network

Victor Arias, Stanford Board of Trustees Emeritus, MBA '82

Natassia Rodriguez Ott, PhD, Research Analyst, SLEI

Fred W. Alvarez, Stanford Board of Trustees, Partner, Jones Day



Oberndorf Event Center (North Building Room 302)
Stanford Graduate School of Business
655 Knight Way
Stanford, CA 94305


This year immigration and the economic impact of immigrants on the U.S. economy are likely to take a prominent role in policy discussions due to the 2016 presidential elections. This new research proves timely as it sheds light onto the economic impact that Latino immigrant-owned businesses have on the U.S.

There are currently more than 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 in number. Estimates peg growth at a 43% rate between 2007 and 2015, compared with 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 significant growth in the U.S. economy.


Stanford Graduate School of Business
Heather Hansen, 650-723-0887


Stanford Graduate School of Business
Heather Hansen, 650-723-0887