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The Nexus
BUSINESSJul 5 · 08:00 UTCFORTUNEAnthony Hernandez

America’s entrepreneurial boom begins long before venture capital

Latino-owned businesses added 180,000 new firms between 2017 and 2023, preventing a decline in U.S. business creation as white-owned businesses lost 140,000. Latino entrepreneurs generated more jobs and revenue growth than any other major racial or ethnic group, with the broader Latino economy approaching $4 trillion in annual output.

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Latino entrepreneurstopicStanfordorganizationwhite-owned businessestopicMinority-Serving InstitutionsorganizationCompton CollegeorganizationHispanic-Serving InstitutionorganizationU.S. economytopic
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