The number of Latinx startups is rocketing. Their funding is not. And the U.S. economy suffers
Mar 17, 2020
3 minutes
By Guadalupe González
ILLUSTRATION BY ADAM SIMPSON
Latinx entrepreneurs have been starting companies at a record clip. From 2009 to 2019, a 34 percent increase in startups by these founders has made them the fastest-growing startup demographic, by a long shot. The number of startups by white entrepreneurs, by comparison, has decreased 6 percent.
So it would be reasonable to believe that Latinx employers—who are concentrated in growth industries such as transportation, construction, and leisure and hospitality—would also be enjoying funding and sales growth
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