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The Power of Shopping Local During the Holidays

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As Christmas approaches, storefronts along Main Street begin to glow with lights, window displays, and the unmistakable energy of the holiday season. Behind those windows are not faceless corporations, but neighbors, families, and entrepreneurs who power our local economy year-round. Choosing to shop local during the holidays is more than a seasonal trend—it’s a meaningful investment in the communities we call home.

The Heart of Our Communities Lives on Main Street

Local businesses are the ba

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As 2026 approaches, Latino entrepreneurs are entering one of the most important business-building moments in modern history. Latino-owned businesses continue to grow faster than the national average, Latino buying power keeps climbing, and the next wave of innovation is increasingly being driven by diverse founders who understand culture, community, and market gaps.

But momentum alone is not a strategy.

The entrepreneurs who will win in 2026 are those preparing today—financially, operationally,

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Small Business Saturday, the weekend after Thanksgiving, has become a cultural and economic tradition—one that encourages consumers to support local businesses during the busiest shopping season of the year. But for the Hispanic community, this day carries even deeper significance.

Hispanic entrepreneurs are one of the fastest-growing forces in the U.S. economy, fueling job creation, innovation, and community development at remarkable rates. Supporting these businesses on Small Business Saturda

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Latino entrepreneurs have become one of the most powerful engines of economic growth in the United States. Over the past decade, Latino-owned businesses have expanded faster than the national average, played a critical role in the post-pandemic recovery, and emerged as major contributors to employment, innovation, and community revitalization.

Today, the U.S. Latino economy is estimated in the trillions—large enough to rival some of the world’s biggest national economies. And with Latinos driv

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For many professionals, entrepreneurship represents freedom — the ability to control your schedule, create something meaningful, and build long-term wealth. But behind every success story are countless lessons learned through preparation, persistence, and planning. Whether you’re starting a small business, launching a side hustle, or transitioning from corporate life, taking the entrepreneurial route requires clear-eyed consideration of the risks, rewards, and realities.

1. Know Your “Why”

Befo

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Yesterday, the U.S. Federal Reserve made a quiet but meaningful shift in policy. For the first time since December 2024, the Fed trimmed its benchmark federal funds rate by a quarter percentage point, lowering the target range to 4.00%–4.25%. The move signals a new phase of monetary policy, one aimed at stabilizing a cooling labor market rather than fighting runaway inflation.

Fed Chair Jerome Powell emphasized that while inflation remains above the 2% target, the greater risk now is a slowdown

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Every September and October, Hispanic Heritage Month provides a moment to honor the history, culture, and contributions of the Latino community. Among the most impactful contributions is the remarkable rise of Latino entrepreneurship — a powerful force reshaping the U.S. economy, driving innovation, and creating opportunities for future generations.

Latino Entrepreneurs: The Fastest-Growing Segment

Latino-owned businesses are one of the fastest-growing segments in the U.S. economy. According to

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The creative economy has always been a space for innovation and cultural expression, and Hispanic entrepreneurs are playing a transformative role within it. Across the United States, Latinos are launching businesses in film, music, theater, design, and live entertainment—industries that not only generate significant economic value but also carry the power to shape culture and representation.

Creativity as Enterprise

For many Hispanic professionals, entrepreneurship in the arts is both an econom

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Hispanic Entrepreneurship in Action

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Hispanic American entrepreneurs have long played a pivotal role in shaping the U.S. economy, creating businesses that both serve their communities and drive national growth. From neighborhood barbershops and restaurants to multimillion-dollar enterprises, Hispanic entrepreneurship has been a story of creativity, determination, and cultural pride.

Historical Foundations and Trailblazers

The history of Hispanic entrepreneurship in the U.S. is filled with pioneers who overcame systemic barriers to

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Latino entrepreneurs are one of the fastest-growing groups of business owners in the United States, yet they remain severely underfunded. Despite representing a large share of new business formation, Latino founders receive less than 2% of venture capital funding. Latina women are even more underrepresented, receiving less than 0.1%.

At the same time, Latino-owned businesses are growing faster than the national average. From 2019 to 2022, Latino businesses expanded at a median annual growth rat

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Source: Getty Images

For many professionals, a side gig begins as a spark—an idea fueled by passion, creativity, or the need to supplement income. Over time, that spark can grow into something more substantial, raising the question: When is the right time to turn your side hustle into your full-time career?

The decision is both exhilarating and daunting. It requires weighing financial realities, personal readiness, and cultural context. For Hispanic professionals in particular, entrepreneurship

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Hispanic-owned small businesses are a vital component of Chicago's economic landscape, contributing significantly to the city's diversity and entrepreneurial spirit. As of 2025, these enterprises continue to demonstrate resilience and growth, despite facing unique challenges.

Economic Contributions and Growth
Hispanic-owned businesses in Chicago have shown remarkable growth over the past few years. Between 2017 and 2022, Latino or Hispanic-owned businesses grew in 204 of 227 U.S. metro areas, w

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In 2025, Hispanic entrepreneurship continues to be one of the fastest-growing forces in the American economy. Hispanic-owned businesses are reshaping industries, generating employment, and driving innovation across the country — but also navigating unique challenges along the way.

The Growth Story
As of 2025, there are over 5 million Hispanic-owned businesses in the U.S., contributing more than $800 billion to the American economy annually. The number of Latino-owned employer businesses grew by

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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.

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Why Entrepreneurship Matters for Hispanics

Economic Mobility:
Entrepreneurship allows Hispanics to

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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

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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

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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

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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

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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

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Latino small business owners skew younger

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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

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