Send by email

your name: email to: message:
Username: Email: Password: Confirm Password:
Login with
Confirming registration ...

Edit your profile:

Country: Town: State:
Gender: Birthday:
Email: Web:
How do you describe yourself:
Password: New password: Repite password:

Sunday, February 11, 2018

Latino entrepreneurs succeed in the United States


The advance of the minority with more growth in the United States is undeniable. If in 2012 there were 3.3 million businesses created by Latinos, in 2017 a growth of 46% was known. In the case of businesses created by whites, the decline was 6% to teach the 19 million companies. However, Latinos still have barriers to overthrow, such as access to credit, especially by banks.

Stanford University, the most prestigious on the west coast of the United States, the birthplace of Silicon Valley and innovative businesses, has set itself an obsessive goal: to make economic prosperity serve as an engine of social progress. With the intention of measuring the impact of Latinos on the entrepreneurial field, the institution has conducted a survey of more than 5,000 business creators who identify themselves as such.

Under that label, broad to be inclusive, it includes anyone who identifies as an heir of Hispanic culture, regardless of whether their immigration status or generation. It covers both Spanish and Mexican, Colombian or American who adhere to the term. "The growth of Latino businesses has displaced that of any other democratic group. The study indicates that despite scarce access to financing through bank loans, they grow. Many Latinos function as a family. More than half recognize that it is part of the culture to create a company", said Paul Oyer, director of the study.

The role of millennials was also highlighted. "Young entrepreneurs, especially those who come to the United States as children, are the ones that develop the best. An 86% of the companies created by immigrants have this profile”, said the academic. "It's something like a message of hope. They are the ones that best scale the business”, he said to emphasize the importance of training:" Educating in the United States, with access to higher education, makes them learn the language faster, have more opportunities and access capital."

Marlene Orozco, one of the researchers of the faculty, explained that this is just the beginning: "We are still on the surface”. She related how some states are more favorable to Latinos: "Florida, California, Texas, Nevada and New York are at the top, but with nuances. Florida and Nevada are the places where most of these entrepreneurs rely on private investment. Contrary to what might seem, California, the birthplace of Silicon Valley, is not where venture capitalists help Latinos. " Jerry Porras, director of the Stanford program for Latino entrepreneurs, addressed the community: "The challenge is to create an ecosystem, change it and make it work across the country. There is an opportunity to be great, both traditional companies and startups that increasingly scale seeking excellence”.

You must be wondering, as I am, what Mr. Trump has to say about this investigation.