GITNUX MARKETDATA REPORT 2024

Latina Entrepreneurs Statistics: Market Report & Data

In this post, we will explore key statistics highlighting the significant contributions and achievements of Latina entrepreneurs in the United States. From the growing number of Latina-owned businesses to their impact on the economy, these data points shed light on the entrepreneurial spirit and resilience of Latinas in the business world.

Statistic 1

"About 17.9% of Latinas run their own businesses."

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Statistic 2

"Latina entrepreneurs are starting companies 50 times the national average."

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Statistic 3

"There are nearly 2.3 million Latina-owned companies in the United States."

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Statistic 4

"Latina-owned companies in the U.S. generated $386.6 billion in revenue in 2017."

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Statistic 5

"Latina entrepreneurs control 44% of all Latino businesses in the U.S."

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Statistic 6

"In 2017 alone, the growth rate of Latina-owned businesses jumped by 87%."

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Statistic 7

"Latina entrepreneurs own 36% of all companies owned by minority women in America."

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Statistic 8

"Latina-owned businesses have an average of $50,000 in annual revenue."

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Statistic 9

"83% of Latina entrepreneurs have a bachelor's degree or higher."

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Statistic 10

"California, Texas, and Florida are the three states with the highest number of Latina entrepreneurs."

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Statistic 11

"68% of Latina business owners say they are “highly satisfied” with their businesses."

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Statistic 12

"47% of startup capital for Latina-owned businesses comes from personal and/or family savings."

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Statistic 13

"58% of Hispanic entrepreneurs who are seeking capital turn to family and friends for investment."

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Statistic 14

"From 2007 to 2016, the number of Latina-owned businesses increased by 137%."

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Statistic 15

"56% of Latina business owners start a business out of necessity, compared to 48% of all female owners."

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Statistic 16

"70% of Latinas start their businesses with their own funds."

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Statistic 17

"Latina entrepreneurs own about 1 in every 10 women-owned businesses."

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Statistic 18

"Latina entrepreneurs receive less than 1% of all venture capitalist funding."

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Latinas are a significant and thriving force in the entrepreneurial landscape of the United States, as evidenced by the multitude of compelling statistics presented in this analysis. From the high percentage of Latina-owned businesses to their impressive revenue generation and growth rates, it is clear that Latina entrepreneurs are making a substantial impact on the economy. Despite facing challenges such as limited access to venture capital funding, Latinas exhibit resilience and resourcefulness by predominantly relying on personal savings to finance their ventures. The data underscores not only the entrepreneurial spirit and business acumen of Latinas but also the importance of supporting and empowering this dynamic segment of the business community for continued success and economic growth.

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