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Latino Business in the US

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Latino Business in the U.S.

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LATINOS IN THE U.S.

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  • Over 55 million Hispanics comprise of 17.3% of the U.S.  population 
  •  There are more than 3 million Latino-owned businesses in the U.S. Up over 40% since 2007 
  • Latinos opened 86% of all the new businesses created in the U.S. between 2007 and 2012

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LATINO OWNED BUSINESSES HAVE TO OVERCOME MORE…

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  • 50% of Latino-owned businesses fail in their first year
  •  20% of Latino-owned businesses fail in their fifth year
  • More than forty (40%) of non– citizen Latino business owners, all of whom are here legally are rejected when they apply for their first business loans.

 

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CULTURAL BARRIERS, ACCESS, INFORMATION, AND EDUCATION ARE LIMITED

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  • Most Latino business owners have a limited understanding of the American business process

  • There are limited opportunities for Latino business owners to engage viable financing or business   development services 

  • Latinos lack a unified representation in the business community under a common mission and vision

  • 99% of Latino-owned businesses DO NOT receive venture capital funding. Many don’t even know  how to access such resources

  • There is limited access to educational, technical and business development resources that help     Latino owned businesses thrive

  • Lack of marketing and branding opportunities where it matters

  • Lack of common interest from Latino owned business leaders to support and celebrate our heritage and culture or investment in their communities

 

 

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Latin American Business Organization

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The Latin American Business Organization (LABO) is the most comprehensive and leading latino business development organization headquartered in Massachusetts. 

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MEET LABO

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