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Latinos: A powerful force turbocharging small-business growth and driving $700 billion into the US economy

There's a powerful force turbocharging small-business growth in the United States that often goes overlooked. It's the Latino contingent that has outstripped all other demographic groups in the sector. The nearly 4.4 million Latino-owned businesses in the United States contribute more than $700 billion to the American economy every year, according to a study by the U.S. Hispanic Chamber of Commerce. In fact, Latino-owned companies have grown 31.6 percent since 2012, more than double the growth rate of all businesses across America (13.8 percent), the USHCC reports.

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