In 2025, Hispanic entrepreneurs are driving economic growth and redefining the American Dream. With over 5 million Hispanic-owned businesses contributing more than $800 billion to the U.S. economy annually (Source: U.S. Hispanic Chamber of Commerce), entrepreneurship has become one of the most promising avenues for wealth creation and generational financial security within the Hispanic community.
Why Entrepreneurship Matters for Hispanics
Economic Mobility:
Entrepreneurship allows Hispanics to
My old mentor used to say, “Not every entrepreneur is cut out for success, and not every failure is a lost cause.” The entrepreneurial journey isn’t just about having a groundbreaking idea or a foolproof business plan. It’s about the habits we cultivate, the mindset we possess, and how we navigate through the unpredictability of the business world. Remember: success isn’t always about doing more. Sometimes, it’s about doing it right. READ MORE AT PERSONAL BRANDING BLOG
A decade of research into Latino entrepreneurs paints a picture of an innovative and resilient group of business owners who are a key driver of the U.S. economy.
“Latino entrepreneurs are an important contributor to the growth of the U.S. entrepreneurial ecosystem,” says George Foster, a professor of management at Stanford Graduate School of Business and faculty director of the Stanford Latino Entrepreneurship Initiative, which has just published the 10th annual State of Latino Entrepreneurship
For many Hispanic immigrants arriving in the US, securing employment is far more complex than simply submitting a CV. Language barriers, complex applications, and limited access to technology often make the process overwhelming—even for those legally authorised to work. In a system that fails to accommodate one of the country's fastest-growing demographics, two Colombian entrepreneurs saw an opportunity to make a difference. Their Miami-based start-up, Ponte, is using AI and WhatsApp to revolut
Latino-owned businesses are a dynamic and growing portion of the U.S.; with more than 5 million firms driving $800 billion in revenue, they represent a massive opportunity for the U.S. The Latino Business Action Network (LBAN), in collaboration with the Stanford Graduate School of Business (GSB), released the 10th annual State of Latino Entrepreneurship (SOLE) research report unveiling groundbreaking data on the latest trends in Latino entrepreneurship across the U.S. READ MORE AT THE MANILA TI
Across busy neighborhoods in Miami and beyond, the hum of Latino-owned businesses tells a story of grit and ambition. They’re the bodegas, tech startups, construction firms, and family-run restaurants that keep local economies alive. The reality is that their contribution to the U.S. economy is essential. Yet, many of these businesses face barriers that prevent them from fully realizing their potential – and this is something that affects many other Latino-owned businesses across the nation. RE
Latino-owned small and medium businesses (SMBs) are growing rapidly, according to a new McKinsey & Co. report. Latinos start more businesses per capita than any other U.S. racial or ethnic group. In 2023, they created 36% of new businesses in the states—nearly double their representation in the overall population. According to the U.S. Census Bureau,
Still, Latino-owned SMBs comprise only 7% of total small-business firms with employees, and 17% of non-employer firms (which have no employees and
Latinos account for nearly half of Miami’s population — and 27% of local small business owners, according to a report released this week from consulting firm McKinsey. Latinos are creating 36% of new businesses overall in the United States, nearly double their representation in the population, the report says.
That phenomenon has been helped by a rise in Latina-owned businesses. From 2017 to 2021, 31 percent of new Latino businesses were started by Latinas. READ MORE AT MIAMI HERALD
Starting a new business is like embarking on a thrilling adventure—filled with opportunities, challenges, and the promise of success. But the path to entrepreneurial triumph is not always clear, and taking the wrong steps early on can derail even the most promising ventures. That’s why it’s crucial to have a solid foundation before you dive in. We’ve tapped into the expertise of top CEOs and founders who have been through the highs and lows of starting a business, and they’ve shared their inval
In 2024, two of the three richest people in Latin America were Mexicans. The leader of the rank was the Mexican business magnate Carlos Slim, the 14th richest person in the world. Slim had a fortune of 102 billion U.S. dollars, derived from his multiple businesses and investments. At third place was a fellow Mexican businessman, German Larrea, with a fortune of nearly 27.3 billion dollars.
Within each country's economy, there exists a relatively small segment of wealthier individuals who contri
Only 3% of Latino businesses in the United States have reached and surpassed the $1 million mark. Hispanic entrepreneurs who've achieved that milestone share tips on how they beat the odds. Latinos make up the fastest-growing segment of entrepreneurs, creating new businesses at multiples the rate of other groups.
But of the 4.65 million Latino-owned businesses in the United States, only 3% have hit $1 million or more in revenue. A major barrier is the lack of access to the capital they need to
About 7.1% of the nation’s 5,681,118 employer firms (businesses with at least one paid employee) in the United States were Hispanic-owned in 2021 and the construction sector had the largest number of Hispanic-owned businesses, according to the U.S. Census Bureau. Hispanic-owned firms generated $572.9 billion in revenue, around 3.3% of the total revenue ($17.4 trillion) generated by all employer businesses in 2021.
California had the largest number of Hispanic-owned firms (88,920), but not the l
Running a growing business is exciting, but it also comes with risks that could disrupt operations or lead to financial losses. Business insurance helps protect companies from unexpected events like accidents, lawsuits, or property damage, allowing them to focus on growth. We’ll explain why business insurance is essential for growing your company and highlight the types of coverage every company should consider. READ MORE AT CORN ON THE JOB
What cities are the best for Hispanic-owned businesses? Florida dominates. Out of top 20 cities, Florida cities took up 11 of the spots, including the first seven slots. See the top 20 cities for Hispanic entrepreneurs. READ MORE AT TC PALM
Not everyone wants to be an entrepreneur. And not everyone can be an entrepreneur. Many people aren’t in a situation that allows them towork 80 hours a week with no guaranteed income. Entrepreneurs are willing to work harder than most people. They know it’s a marathon, not a sprint. What are the qualities that it takes to be an entrepreneur? READ MORE AT MS. CAREER GIRL
Latino/a entrepreneurs continue to be a force for economic development in the United States: They own 4.7 million businesses that generate more than $800 billion annually. But they are not monolithic. A new report highlights the role played by women, immigrants, and new technologies in the growth of Latino/a-owned businesses. READ MORE AT THE STANFORD REPORT
According to a December 2023 report from the U.S Chamber of Commerce, despite headwinds from high inflation and a tight labor market, small business confidence was up at year-end and remains steady after the first quarter of 2024.
And that is good news for business owners, including the more than 600,000 Hispanic small business owners in Florida. The Sunshine State ranks as the second highest in the number of Hispanic small business owners.. READ MORE AT YAHOO FINANCE
Latinos outpace non-Latinos in the United States by wide margins in purchasing power and annualized income growth, as well as business creation, growth and resiliency. While Latinos make up 20% of the U.S. population, Latinos comprise just 1% of franchise owners. READ MORE AT FRANCHISE WIRE
The fastest growing Hispanic food company in the country, based in Central Texas, is helping empower and support Latino communities across the U.S. This year, Siete Family Foods is awarding a total of $300,000 to Latino-owned food and beverage establishments across the country, marking its biggest distribution to date. READ MORE AT MYSANANTONIO
Latino-owned businesses are a dynamic and growing portion of the U.S.; with more than 5 million firms driving $800 billion in revenue, they represent a huge opportunity for the U.S. In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses. READ MORE AT LATINO BUSINESS ACTION NETWORK
