For a decade now, the Latino Business Action Network (LBAN) and Stanford University have partnered to conduct annual research on the state of Latino entrepreneurship in the United States. 

Over the past 8 years, the Stanford Graduate School of Business and the LBAN have hosted the annual State of Latino Entrepreneurship Summit (SOLE) to provide valuable data regarding our country’s Latino entrepreneurship. 

This year is no different, as the 2023 State of Latino Entrepreneurship Summit is set to take place Thursday, February 16. 

The State of Latino Entrepreneurship (SOLE) Summit takes a deep dive into the critical research being done to help shed light on the current state of Latino entrepreneurship nationally, and provides valuable insights into the opportunities and challenges Latino business owners face. 

On the homepage of the LBAN website, four glaring words can be seen: Why Latino Entrepreneurs Matter. 

These five statistics can paint a picture as to why. 

• Latinos’ total U.S. economic output in 2020 was $2.8 trillion
• There are 5 million Latino-owned businesses in the United States
• Latino-owned companies in the U.S. generated more than $470 billion in 2020
• 3.2 million people were employed by Latino-owned companies in the U.S. in 2020
• Latino-owned companies have a growth rate of 44%, compared to 4% for non-Latino-owned companies. 

Statistics like these tell a story; one that quantifies Latinos as the country’s most entrepreneurial cohort. 

Consequently, the SOLE Summit has distinguished itself as the signature research event for Latino entrepreneurship. 

During the event, individuals will be able to join in person or virtually to learn about the latest research findings from the 2022 annual survey. The survey explores financial trends, access to government and corporate contracts, and marketing strategies.

Those who attend in person will gain access to many components of the Summit, which includes a mini expo featuring 16 exhibitors — all of which are graduates of LBAN’s Business Scaling Program at Stanford.

The expo provides an opportunity to learn about, meet, and do business with Latino-owned businesses that have successfully scaled through the program.

There will also be a number of panel discussions that will facilitate a deeper conversation on the research findings, and it will be followed by a reception and Gala dinner. 

During the Gala dinner, Jerry Porras, Stanford Professor Emeritus and LBAN Founder, will be recognized for his vision and leadership. 

Click here to learn more or register for the 2023 State of Latino Entrepreneurship Summit.