Media Advisory: The State of Latino Entrepreneurship Conference Nov. 11

Stanford President John Hennessy, Executive Chairman of News Corp Rupert Murdoch to Discuss Economic Impact of Latino Entrepreneurs

Stanford Graduate School of Business:

WHAT:			The Stanford Latino Entrepreneurship Initiative (SLEI), a research
			collaboration between Latino Business Action Network (LBAN,) a 501(c)3
			non-profit, and Stanford University will unveil the most recent data
			available on this segment. This event is free and open to the public. SLEI’s
			research and survey of more than 1,800 Latino-owned businesses nationwide
			revealed insights including:

• Sales impact of Latino entrepreneurs exceeds $517 billion, and they employ more than 2.5 million people.
• SLEI projects a gap of $1.2 trillion in sales between where Latino-owned businesses are today and where they could be, named the Opportunity Gap.
• SLEI projects a total of 10+ million Latino-owned businesses by 2060.
• Latino-owned businesses are more likely to be family-owned vs non-Latino businesses. More than 90 percent of Latino businesses are held under family ownership.
• Latino-owned businesses have a diverse customer base, and contrary to perception, only a small percentage service mostly Latino customers. The broader market is eagerly embracing Latino-owned business goods and services.

WHEN:		Wednesday, Nov. 11
		10:00 a.m. PDT
		Members of the news media wishing to attend must RSVP and submit
		credentials via website no later than Friday, Nov. 6.
WHERE:		CEMEX Auditorium, Knight Management Center
		Stanford Graduate School of Business
		655 Knight Way
		Stanford, CA 94305
WHO:		Panelists and speakers include top-level CEOs and other industry and academic
		experts:

• Dr. John Hennessy, Stanford University President
• Rupert Murdoch, Executive Chairman of News Corporation
• Sol Trujillo, Trujillo Group Investments
• Garth Saloner, Stanford Graduate School of Business Philip H. Knight Professor and Dean
• Remy Arteaga, Executive Director of LBAN
• Jerry I. Porras, Lane Professor of Organizational Behavior and Change, Emeritus, Stanford Graduate School of Business
• Doug Rivers, Senior Fellow at the Hoover Institution and a professor of political science at Stanford University

WHY:				The Stanford Latino Entrepreneurship Initiative (SLEI) is a Stanford
				University research initiative housed within the Graduate School of
				Business. SLEI, in collaboration with the Latino Business Action Network
				(LBAN), has created a comprehensive database of more than one million
				Latino-owned businesses in order to stimulate more informed policymaking,
				business partnerships, and knowledge and skill development.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151028005921/en/

Stanford Graduate School of Business
Heather Hansen, 650-723-0887
[email protected]
or
Burson-Marsteller
Bradley Gerber, 305-347-4391
[email protected]

Source: Stanford Graduate School of Business

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