STANFORD, Calif.--(BUSINESS WIRE)--Stanford Graduate School of Business:
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WHAT: |
Stanford Graduate School of Business (GSB), the Stanford Latino Entrepreneurship Initiative (SLEI), and the Latino Business Action Network (LBAN) will present their latest research on Latino entrepreneurship in the U.S. | |||
| The 2019 State of Latino Entrepreneurship report includes responses from more than 5,000 Latino-owned companies around the U.S. and Puerto Rico. The annual report is designed to identify business growth potential as well as obstacles to entrepreneurship among Latinos. | ||||
| Among the findings: | ||||
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• The majority of Latino-owned businesses did not apply for financing in the last 12 months, but among those that did, over 25% did not obtain the amount of financing requested. |
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• Successful, Latino-owned businesses are more likely to be tech companies with diversified funding streams, but Latino tech companies still report access to capital as a major factor impacting their profitability. |
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• Government contracts provide a path towards scalability for Latino-owned businesses. |
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• Latino export businesses are likely to be successful. |
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• Personal credit scores are a more significant basis for securing capital than business credit scores. |
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WHEN: |
Friday, January 25, 1 – 3 p.m. | |||
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***NOTE: Members of the media are advised to register here in advance for access and parking passes.*** |
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WHERE: |
CEMEX Auditorium | |||
| Knight Management Center | ||||
| Stanford Graduate School of Business | ||||
| 655 Knight Way | ||||
| Stanford, CA 94305 | ||||
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WHO: |
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Welcome: Mark Madrid, CEO, LBAN; Jerry I. Porras, Lane Professor of Organizational Behavior and Change, Emeritus, SLEI Advisor, and Cofounder, LBAN |
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Opening Remarks: Persis Drell, Stanford University Provost |
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| About SLEI: Paul Oyer, The Mary and Rankine Van Anda Entrepreneurial Professor and Professor of Economics; SLEI Faculty Advisor | ||||
| Research Presentation: Marlene Orozco, Lead Research Analyst, SLEI | ||||
| Panel Discussion: | ||||
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• Organizer: Mark Madrid, CEO, LBAN Moderator: Victor Arias Jr., Stanford University Trustee Emeritus |
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• Chairman and Cofounder, LBAN Rafael Alvarez, Founder, ATAX Franchise |
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• Derek Goldstein, CEO, Casaplex |
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• Maria Marin, President and CEO, Unlimited Recycling |
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• Christine Sax Stotesbery, President, Dorado Accessories |
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| Fireside Chat: | ||||
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• Nick Bailey, Former President and CEO, Century 21 Real Estate |
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• Sol Trujillo, Cofounder and Chair, Latino Donor Collaborative; Founder and Chair, Trujillo Group, LLC |
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WHY: |
Latino-owned businesses remain the fastest-growing entrepreneurial segment in the U.S. The U.S. Census Bureau reports that while the total number of businesses in the U.S. declined from 2007 to 2012, the number of Latino-owned businesses grew by 46 percent. SLEI research estimates approximately 5 million U.S. Latino business owners to date. Retaining Latino entrepreneurs as a driving economic force in the U.S. economy is more important than ever. A stronger U.S. economy depends on supporting Latino-owned businesses. The Stanford Latino Entrepreneurship Initiative (SLEI) will present the driving forces and challenges, including capital access, of this high-impact group of entrepreneurs. |
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