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 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: | ||||
• 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. | ||||
• 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. | ||||
• Government contracts provide a path towards scalability for Latino-owned businesses. | ||||
• Latino export businesses are likely to be successful. | ||||
| • Personal credit scores are a more significant basis for securing capital than business credit scores. | |||
WHEN: | Friday, January 25, 1 – 3 p.m. | |||
***NOTE: Members of the media are advised to register here in advance for access and parking passes.*** | ||||
WHERE: | CEMEX Auditorium | |||
Knight Management Center | ||||
Stanford Graduate School of Business | ||||
655 Knight Way | ||||
Stanford, CA 94305 | ||||
WHO: | ||||
Welcome: Mark Madrid, CEO, LBAN; Jerry I. Porras, Lane Professor of Organizational Behavior and Change, Emeritus, SLEI Advisor, and Cofounder, LBAN | ||||
Opening Remarks: Persis Drell, Stanford University Provost | ||||
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: | ||||
• Organizer: Mark Madrid, CEO, LBAN Moderator: Victor Arias Jr., Stanford University Trustee Emeritus | ||||
• Chairman and Cofounder, LBAN Rafael Alvarez, Founder, ATAX Franchise | ||||
• Derek Goldstein, CEO, Casaplex | ||||
• Maria Marin, President and CEO, Unlimited Recycling | ||||
• Christine Sax Stotesbery, President, Dorado Accessories | ||||
Fireside Chat: | ||||
• Nick Bailey, Former President and CEO, Century 21 Real Estate | ||||
• Sol Trujillo, Cofounder and Chair, Latino Donor Collaborative; Founder and Chair, Trujillo Group, LLC | ||||
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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View source version on businesswire.com: https://www.businesswire.com/news/home/20190122005842/en/