Entrepreneurship is a really good thing for our economy, it creates new jobs, new products, and new markets. We would encourage you to read the 2020 State of Latino Entrepreneurship released by Stanford University and putted together by some of the leading business minds of the country.

One of the most striking aspects of the study is how it highlights the massive growth that Hispanic Businesses are experiencing all across the nation form Florida to Oregon the growth rate in Hispanic-owned businesses has increased as Hispanics slowly gain access to capital and stills. One engine for such growth seems to be thanks to the recovery of the construction sector from the 2008 Financial Crisis.

Hispanic-owned construction companies have grown 32% across the nation and thanks to an aging infrastructure and aging housing stock and a construction sector that is scrambling to catch-up to now decades of under investment.

The study contains a survey of more than 3,000 businesses and the challenges and opportunities that these businesses face currently and strkingingly access to capital remains to be a challenge for many firms since Hispanic-owned businesses are less likely to obtain financing. Also, for 2020 more Hispanic-owned businesses had losses compared to their white-owned equivalent which might hinder their future ability to obtain capital as credit terms become tighter over time.

We strongly encourage you to read the report and find something that might be of help for your business.

The full report can be found here: https://www.gsb.stanford.edu/sites/default/files/publication-pdf/report-2020-state-of-latino-entrepreneurship.pdf