MEDIA ADVISORY: New Stanford Research Finds Latino Entrepreneurs Face Funding Obstacles, Despite Explosive Growth

Annual research presentation event highlights Latino entrepreneurship growth potential and hindrances

STANFORD, Calif.--()--Stanford Graduate School of Business:


    Stanford Graduate School of Business (GSB), the Stanford Latino Entrepreneurship Initiative (SLEI), and the Latino Business Action Network (LBAN) will present their latest research on Latino entrepreneurship in the U.S.
The 2019 State of Latino Entrepreneurship report includes responses from more than 5,000 Latino-owned companies around the U.S. and Puerto Rico. The annual report is designed to identify business growth potential as well as obstacles to entrepreneurship among Latinos.
Among the findings:

• The majority of Latino-owned businesses did not apply for financing in the last 12 months, but among those that did, over 25% did not obtain the amount of financing requested.

• Successful, Latino-owned businesses are more likely to be tech companies with diversified funding streams, but Latino tech companies still report access to capital as a major factor impacting their profitability.

• Government contracts provide a path towards scalability for Latino-owned businesses.

• Latino export businesses are likely to be successful.


• Personal credit scores are a more significant basis for securing capital than business credit scores.



Friday, January 25, 1 – 3 p.m.

***NOTE: Members of the media are advised to register here in advance for access and parking passes.***



CEMEX Auditorium
Knight Management Center
Stanford Graduate School of Business
655 Knight Way
Stanford, CA 94305



Welcome: Mark Madrid, CEO, LBAN; Jerry I. Porras, Lane Professor of Organizational Behavior and Change, Emeritus, SLEI Advisor, and Cofounder, LBAN


Opening Remarks: Persis Drell, Stanford University Provost

About SLEI: Paul Oyer, The Mary and Rankine Van Anda Entrepreneurial Professor and Professor of Economics; SLEI Faculty Advisor
Research Presentation: Marlene Orozco, Lead Research Analyst, SLEI
Panel Discussion:

• Organizer: Mark Madrid, CEO, LBAN Moderator: Victor Arias Jr., Stanford University Trustee Emeritus

• Chairman and Cofounder, LBAN Rafael Alvarez, Founder, ATAX Franchise

• Derek Goldstein, CEO, Casaplex

• Maria Marin, President and CEO, Unlimited Recycling

• Christine Sax Stotesbery, President, Dorado Accessories

Fireside Chat:

• Nick Bailey, Former President and CEO, Century 21 Real Estate

• Sol Trujillo, Cofounder and Chair, Latino Donor Collaborative; Founder and Chair, Trujillo Group, LLC



Latino-owned businesses remain the fastest-growing entrepreneurial segment in the U.S. The U.S. Census Bureau reports that while the total number of businesses in the U.S. declined from 2007 to 2012, the number of Latino-owned businesses grew by 46 percent. SLEI research estimates approximately 5 million U.S. Latino business owners to date. Retaining Latino entrepreneurs as a driving economic force in the U.S. economy is more important than ever. A stronger U.S. economy depends on supporting Latino-owned businesses. The Stanford Latino Entrepreneurship Initiative (SLEI) will present the driving forces and challenges, including capital access, of this high-impact group of entrepreneurs.



Media Contact:
Heather Hansen
Stanford Graduate School of Business


Media Contact:
Heather Hansen
Stanford Graduate School of Business