Latinos Are the Engine of Small Business in America

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The small business sector of the United States currently employs 60 million Americans full of entrepreneurial spirit, invaluable experiences and encouraging solutions for the expansion and growth of our economy.
Small businesses are the engine of our nation's economic prosperity.

They employ about half of all private sector employees, and they create nearly two-thirds of all new jobs. By far, they are the most significant, most populated and therefore the most potentially powerful sector of our economy and our electorate.

Hispanic Americans are a major force in this small business sector with 3 million Latino-owned companies and over $500 billion in revenue.

As administrator of the U.S. Small Business Administration, I led an organization that exceeded all previous records in small business loans, women and minority owned business support and private-public sector procurement opportunities, guaranteeing loans totaling more than $60 billion. READ MORE

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