Latino-owned businesses received about 1% of capital from the top 25 venture capital and private equity firms between 2007 and 2017, according to a consulting firm’s 2021 report.
offers a different and lower figure for the share of Hispanic-owned businesses. That survey showed that in 2020, there were approximately 375,000 Hispanic-owned businesses, and about 12.4% were new .
But the two surveys are not directly comparable,"because the survey samples, questions and size may not be the same," said Patricia Ramos, a Census Bureau spokesperson. The Current Population Survey data centers on the labor force — people who are working or actively looking for work. The Annual Business Survey focuses on business and business owners by demographics; it also excludes data for businesses without employees.
Small Business Shoeshine Stands Jairo Cardenas owner the Alpha Shoe Repair Corp., polishes a boot he is repairing, Friday, Feb. 3, 2023, in New York. .Bain & Co.’s report said that cumulatively, Latino-owned businesses received roughly 1% of capital from the top 25 venture capital and private equity firms between 2007 and 2017.
Separately, the report noted that Latino-owned businesses received less than 1%, or approximately $680 million, of the $487 billion invested by the top 500 largest venture capital and private equity firms in 2020.
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