California, Texas, and Florida are the states with the largest number of companies founded by Latinos in the United States.

California, Texas and Florida Which cities with Latino-owned businesses stand out the most according to the second edition of Latino Leaders 500 Index Created by BMO Financial Group.

The Latino Leaders 500 Index, powered by BMO, is a ranking of the 500 largest Latino-owned companies in the United States by revenue.

“Nationally recognized companies such as Mastic, Carvana And Goya “They rank at the top of the list” published on March 16, said the statement obtained by Funds Society.

The companies included in the Latino Leaders 500 Index, powered by BMO, represent a wide range of industries, including engineering, construction, transportation, retail and more.

Although they reside in 34 different statesthe strongest presence in Californiawith more than 100 companies represented, as well as in Texas and Florida.

The text adds that out of the 500 companies, 180 generated revenues of $100 million or more in 2023, demonstrating their size and power across many industries, as well as their impact on the communities in which they operate.

“BMO is very proud to contribute to the growth of the Latino Leaders 500 Index, powered by BMO and to continue our relationship with Latino Leaders magazine,” he said. Eduardo Tobon, Director, Economic Equality Advisory Group, BMO.

“Expanding from 200 to 500 companies speaks volumes about how important and valuable Latino businesses are to the U.S. economy,” Tobon added. “BMO is committed to supporting Latino businesses with access to capital, educational resources, and meaningful networking opportunities to help them achieve real financial progress.”

Latinos are the largest minority in the United States, including… 19 percent of the population, commanding more than $3.2 billion (trillions in English) In the economic output of the United States economy.

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However, for BMO, Latino business owners still face barriers to inclusion, which is why the bank “promotes equal access to opportunities that allow growth for its clients, colleagues, and the communities it serves.”

Accordingly, the Financial Group is implementing BMO EMPOWER 2.0The bank's $40 billion-plus community benefits plan aims to advance “Latino business owners' progress through improved access to capital, educational resources, and meaningful networking opportunities,” the statement concludes.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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