In United States, the small business sector employs 60 million Americans. The small businesses are growth engines and the employees working for them are responsible for the expansion of the enterprise.
Small businesses are good for nation’s economic prosperity and employ over half of private sector employees. They are potentially the most powerful sector of the economy and create two-thirds of new jobs. The Hispanic Americans are a very powerful force and they are responsible for 3 million Latino enterprises and over $500 billion in revenue.
Small business owners have come together to participate in the Small Business Summit in Washington D.C. which was hosted by Latino Coalition and U.S. Chamber of Commerce. During the summit the American Dream of starting/ expanding a small business and generate a productive workforce were voiced. The Sumit held discussions on key issues related to small businesses such as procurement opportunities, risk management, newly available financing, healthcare, legal reform, international trade and immigration.
Small business is going to lead America into meaningful economic expansion and growth plans. The Latino Coalition is an open partner in bringing about this success. The reason why Latino Coalition is so interested in expansion is it finds small enterprises essential for U.S. in future as well.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to