MEDIA ADVISORY: New Stanford Research Finds Latino-Owned Businesses Still Face Funding Ceiling, Despite Explosive Growth

Full report to be unveiled at Feb. 7 event

STANFORD, Calif.–(BUSINESS WIRE)–#StanfordSOLE–Stanford Graduate School of Business:

 

WHAT:

Stanford Graduate School of Business (GSB), the Stanford Latino
Entrepreneurship Initiative (SLEI), and the Latino Business Action
Network (LBAN) will unveil the findings of their latest research on
Latino entrepreneurship in the U.S.
 
The 2018 State of Latino Entrepreneurship report includes responses
from more than 5,000 Latino-owned companies around the U.S. The
annual report is designed to identify business growth potential as
well as hindrances to entrepreneurship among Latinos. Among the
findings:

• Across capital types, national banks provide minimal loan
funding to Latino-owned businesses.

• Latina-owned companies are increasing in number; however, Latina
entrepreneurs also face a funding ceiling.

• Successful Latino immigrant entrepreneurs are more likely to be
millennials who came to the U.S. as children — presumably making
many of them eligible for the federal Deferred Action for
Childhood Arrivals (DACA) program.

 

WHERE:

CEMEX Auditorium
Knight Management Center
Stanford Graduate School of Business
655 Knight Way
Stanford, CA 94305
 

***NOTE: Members of the media are advised to register
here
in advance for access and parking passes.***

 

WHEN:

Wednesday, Feb. 7, 10 a.m. to 12 p.m.

 

WHO:

Speakers include top-level CEOs and industry experts as well as
academic experts from Stanford Graduate School of Business.
Following a presentation of findings, a panel discussion will
explore the experience of Latino entrepreneurship from the
perspective of top Latino entrepreneurs.
 

Panelists

 

Catalina Campos is the CEO of Greenovate Construction,
which makes energy-efficient modular homes.

Tom Chavez is the founder and CEO of Krux Digital, which
delivers cloud-based infrastructure for capturing, protecting,
connecting, and monetizing consumer cookie information across
devices.

Maria Rios is the president and CEO of Nation Waste,
Inc., the country’s largest waste-removal company to be owned by a
female Hispanic and one of Texas’s largest minority-owned
companies.

 

Moderator

 

David Segura is CEO of VisionPro, a company whose
specialized products deliver a distinct range of IT practices to
workforce solutions that drive operational efficiencies and
innovation.

 

WHY:

Latino-owned businesses remain the fastest-growing entrepreneurial
segment in the United States. With the current political landscape
of immigration reform and the future of DACA unclear, millions of
dollars that could be guaranteed to be poured into the U.S. economy
for the foreseeable future are at stake. 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. Among other compelling findings, the report
highlights Latina entrepreneurs, whose growth over the past decade
nearly outpaces that of all other demographic groups combined.
 

Contacts

Stanford Graduate School of Business
Heather Hansen, 650-723-0887
hhansen@stanford.edu