Bain & Company's new report estimates that equitable funding for Latino entrepreneurs could generate $1.4 trillion in additional revenue today and $3.3 trillion in 2030
New research from Bain & Company, conducted in collaboration with the Stanford Latino Entrepreneurship Initiative at Stanford Graduate School of Business and the Latino Donor Collaborative, shows that Latino-owned businesses in the US offer some of the highest potential, yet most overlooked, opportunities for investors.
"The economic output of US Latinos is now more than $2.7 trillion, making it the seventh largest economy in the world, tied with France" said Hernan Saenz, the leader of Bain & Company's global Performance Improvement practice. "Latino entrepreneurs have the capacity and capability to drive massive growth for the US economy, but they need the funds to do it. Our research suggests that the traditional supply chain of capital is broken for Latino-owned businesses. Although Latinos are contributing ever increasing amounts of capital to our financial system, the funds are not flowing back to scale Latino-owned businesses. It's up to investors to lead the way in closing this gap."
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
