Domingo 16 de Diciembre 2018

MEDIA ADVISORY: New Stanford Research Finds Over 40% of Million-Dollar Latino-Owned Businesses Are Owned by Immigrants

News Corp CEO Rupert Murdoch to Discuss the State of Latin@
Entrepreneurship

–(BUSINESS WIRE)–Stanford Graduate School of Business:

WHAT:

 

Stanford Graduate School of Business (GSB) and the Stanford Latino
Entrepreneurship Initiative (SLEI) will introduce new research on
the current state of Latino entrepreneurship. The findings will be
discussed with business leaders, including News Corp Chairman and
CEO Rupert Murdoch and former Telstra CEO Sol Trujillo.

     
SLEI surveyed more than 4,900 companies around the U.S. and findings
include the following:

Among large Latino-owned businesses (those with over $1 million in
revenue or more than 50 employees) 40-50% are owned by immigrants.

The number of Latino-owned businesses has grown 300% faster than
the national average over the last decade.

Latino-owned businesses are located all over the U.S., with 75% in
majority non-Latino neighborhoods.

 
SLEI is a Stanford University research initiative housed within
Stanford GSB and conducted in collaboration with the Latino Business
Action Network. SLEI has created a comprehensive database of more
than 1.3 million U.S. Latino-owned businesses and a survey research
panel of over 4,900 independent companies.
 

WHEN:

WEDNESDAY, JAN. 18, 10 a.m. to 12 noon. Media interviews are
available after the event.

 

WHO:

Rupert Murdoch, CEO and Chairman of News Corp

Sol Trujillo, former CEO of Telstra Corp

Jerry
Porras
, Lane Professor Emeritus of Organizational Behavior
and Change

Doug
Rivers
, Senior Fellow, Hoover Institution

Phil
Pompa
, Executive Director, Latino Business Action Network

Victor Arias, Stanford Board of Trustees Emeritus, MBA ’82

Natassia Rodriguez Ott, PhD, Research Analyst, SLEI

Fred W. Alvarez, Stanford Board of Trustees, Partner, Jones
Day

 

WHERE:

Oberndorf Event Center (North Building Room 302)
Stanford Graduate School of Business
655 Knight Way
Stanford, CA 94305
 

WHY:

This year immigration and the economic impact of immigrants on the
U.S. economy are likely to take a prominent role in policy
discussions due to the 2016 presidential elections. This new
research proves timely as it sheds light onto the economic impact
that Latino immigrant-owned businesses have on the U.S.
 

There are currently more than 4 million Latino-owned businesses in
the United States. According to data reported by the U.S. Hispanic
Chamber of Commerce, these businesses represent the
fastest-growing sector of the American economy in number.
Estimates peg growth at a 43% rate between 2007 and 2015, compared
with 20.2% for all U.S. firms. While only 2% of Latino-owned
businesses earn over $1 million a year in revenue, SLEI’s research
enables a better understanding of growth factors that drive
businesses to scale. These businesses have the potential to power
significant growth in the U.S. economy.

Contacts

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