Increasing attention to economic and social development strategies are globally recognized as critical aspects of sustainable development and are among the 17 sustainable development goals set by the United Nations for 2030. Empowering Latinos to participate fully in economic life across all sectors is essential to build stronger economies, achieve goals for development and sustainability and improve the quality of life for everyone.
Latino entrepreneurs are starting small businesses faster than the rest of the startup population and becoming a bigger part of the total U.S. market every day. When Latino entrepreneurs start a business, 70 percent of their funding comes from personal savings, according to the Stanford study, while just six percent comes from commercial loans. If Latino-owned businesses grow as fast as the U.S. average, they could add $1.4 trillion to the U.S. economy, which would add almost eight percent to the $18 trillion U.S. economy.
At LCF, we are committed to helping our community build long-term financial success. We are empowering individuals and small businesses with the knowledge, and tools needed to ensure financial self-sufficiency, income mobility, and ultimately, improved well-being and quality of life. Through Economic Empowerment, we will leverage our business leadership skills and consulting expertise to help solve problems in the communities in which we work and live by addressing challenges small business owners face today.
Local businesses, entrepreneurs and young professionals interested in resources, please contact Emely Perez our Manager of Economic Empowerment Initiative at email@example.com - due to internal capacity, please allow a minimum of 2 business days for a response.