Latinos Are the Engine of Small Business in America
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.
This week, small business owners from around the nation will come together for The Latino Coalition and U.S. Chamber of Commerce 2013 America’s Small Business Summit in Washington, D.C. The summit seeks to champion the leadership of individuals with the American Dream of being small business owners and generate the productive, diverse, and flexible workforce that America needs to ensure prosperity over the coming generations.
On Monday, April 29th – Wednesday, May 1st, the TLC Summit will host more than 40 speakers and panelists on key issues important to small business such as: procurement opportunities, newly available financing, risk management, legal reform, healthcare, immigration and international trade.