Latino-owned small businesses represent a significant yet underdeveloped segment of the U.S. economy, with opportunities for further growth and contributions to job creation, according to a new study by McKinsey & Company.
The report, which focuses on Latino-owned small and medium-size enterprises (SMEs) and draws from both publicly available information and proprietary McKinsey data, explores the potential for Latino small-business growth, existing challenges, and potential ways to bridge the gaps between Latino-owned small businesses and their counterparts, offering projections of what a scenario under those conditions could look like:
