Executive Summary
There are five million Hispanic- and Latino-owned businesses in the U.S. and more Hispanic/Latino owners per capita than non-Hispanic/Latino business owners. One in every 300 non-Hispanic/Latino Americans are business owners, compared to one in every 200 Hispanics/Latinos.[1]
Hispanic-owned small businesses have cultural nuances and unique needs. PNC is committed to supporting their business ecosystems, whether it be through financing or helping them obtain support from other agencies like the U.S. Hispanic Chamber of Commerce.
On October 17, as part of Hispanic Heritage Month at PNC, PNC's Rey Ocañas, EVP and director of Community Development Banking, hosted a webcast examining the importance of accelerating Hispanic entrepreneurial growth. In conversation with three Hispanic business leaders and PNC’s chief economist, the discussion looks at the Hispanic- and Latino-owned business boom in the U.S. and how entrepreneurs can break through systemic barriers to scale.
