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Latinos lead the business growth in the United States

According to SBA, since 2021, Hispanic-owned businesses in the U.S. have increased by 40%, reflecting significant growth in Puerto Rico as well

July 16, 2024 - 11:55 AM

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Isabel Casillas Guzmán, administrator of the federal Small Business Administration (SBA), is visiting Puerto Rico, where in addition to visiting entrepreneurs in the U.S. territory, she signed a Strategic Alliance Memorandum (SAM) with the Department of Economic Development and Commerce (DDEC). (Carlos Rivera Giusti)

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

San Juan - Isabel Casillas Guzmán, administrator of the U.S. Small Business Administration (SBA) states that Latino entrepreneurs’ participation in one of the world’s largest economies is increasingly notable, since in the past decade, Hispanic small businesses in the U.S. have grown 10 times more than white-owned businesses.