A new business accelerator in Colorado aims to boost the future of the US economy by helping build up Latino companies

Latinos in the U.S. are significantly underrepresented when it comes to business ownership. While the Census found nearly 19 percent of U.S. residents identify as Hispanic or Latino, they make up just 6 percent of the nation’s business owners.

That worries Harry Hollines.

“Business ownership is one of the key pillars to building wealth and intergenerational wealth,” Hollines said. 

Hollines is chief strategy officer for the Latino Leadership Institute, founded in Colorado in 2015 with a mission to identify and elevate Latino leaders. He says whole communities can become more powerful, and its members can address inequalities in their neighborhoods, when more people are able to grow their business ideas.

To do that, LLI is launching a business accelerator serving Latino and other BIPOC entrepreneurs. Hollines and LLI believe Latinos are the catalyst for the future economic vitality of Colorado — and the entire U.S. He…

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