The U.S. Economy Is in Serious Trouble if Latinx Founders Don’t Get More Funding. Here’s Why

By  Arnobio Morelix – Chief innovation officer, Startup Genom

Latinx founders are the fastest-growing group of entrepreneurs in America–but their businesses are struggling to scale.

While the percentage of Americans running a business has stagnated at 6.2 percent over the past two decades, Latinx founders have rocketed from 6.5 percent of all entrepreneurs in 2001 to 15 percent as of 2019, making them the fastest-growing demographic among all U.S. entrepreneurs. This bright spot for the American economy is dimmed, however, by these businesses’ failure to scale.

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Courtesy of Inc.