Press Release

Hispanic-Owned Small Businesses are Starting at Record Rates, but Access to Funding Remains a Stark Challenge

WASHINGTON, Sept. 15, 2022 – Over the past 10 years, Hispanic entrepreneurs have continued to start small businesses at a faster rate of 44%, compared to 4% of their non-Hispanic counterparts, according to a meta-analysis from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.

There are nearly five million Hispanic-owned businesses throughout the country, and they contribute more than $800 billion to the American economy each year, according to SCORE’s analysis. Not only that, Hispanic small businesses employ about three million

Hispanic Small Business Success Celebrated During National Hispanic Heritage Month

This Hispanic Heritage Month, SCORE is highlighting new resources to support Hispanic entrepreneurs and offering volunteer opportunities for experienced Hispanic business owners.

SCORE Data Report Highlights Impact of COVID-19 on Hispanic-Owned Small Businesses

Hispanic entrepreneurs are the fastest-growing segment of business owners in the U.S. While the number of Hispanic-owned small businesses has been increasing since 2013, data shows that minority-owned small businesses, specifically, Hispanic- and Black-owned small businesses, have been disproportionately affected by the COVID-19 pandemic.

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