Latino Leaders Magazine, in partnership with BMO, has launched Index 200, a list of Latino-owned companies in the US ranked by revenue.
The Index is a snapshot of the influence Latino businesses carry in the US and includes both public and private-owned companies. To qualify for the list, a company must be headquartered in the US and the owner or control of operations must be of Latino origin.
The businesses featured throughout the Index represent 25 industries, including construction, food and beverage, auto retail, manufacturing, and technology. They are headquartered in 24 different states, including California, Florida, Texas, Illinois, Colorado and Wisconsin. It is estimated that these 200 businesses generated over $93 billion in revenue in 2022, showcasing their size and strength across a multitude of industries, as well as their impact on the communities they operate in.
LATINO-DRIVEN GROWTH
“The Latino community has driven almost 75% of the growth in the US labour force since 2010 and adds over $2.8 trillion in total economic output annually. Latino-owned companies are growing faster than most other businesses in their industry sectors, continuing to play an integral role in our US economy,” stated Eduardo Tobon, Director, Economic Equity Advisory Group, BMO. “BMO is committed to fueling the growth of Latino businesses and enabling them to make progress toward their goals. The launch of the Index aligns closely with our Purpose to Boldly Grow the Good in business and life, and we look forward to our continued partnership with Latino Leaders Magazine.”
The Index 200 features a notable list of businesses, including:
- Anaheim Angels – a major League Baseball team based in the Los Angeles area. The team is owned by Arturo Moreno, who was the first Latino to own a major U.S. sports team.
- Carvana – is a digital used car retailer, providing car shoppers a better way to buy a car. Ernest Garcia III has been President and CEO of Carvana since its inception in 2012.
- The Honest Company – founded by actress Jessica Alba, The Honest Company is a mission-driven company providing safe & effective products for babies, personal care, cleaning, and vitamins.
TOP 30 LATINO-OWNED COMPANIES
The top 30 Latino-Owned Companies in US (by revenue), include:
- Carvana
- Mastec
- Hensel Phelps Construction Co
- Fanjul Corporation/Florida Crystals
- Quirch Foods
- Arca Continental Coca Cola SW Beverages
- Greenway Automotive
- The Related Group
- Sun Holdings
- Goya
- Genesis Network Enterprises
- Lopez-Dorada Foods
- New American Funding
- The Diez Group
- Televisaunivision
- Murgado Automotive Group
- Pride Global
- Northgate Markets
- Ruiz Foods
- Independent Living Systems
- DriveTime Automotive
- Altamed
- Precision Pipeline LLC
- Academica
- Cable Dahmer Automotive
- Sedano’s Supermarket Management, Inc
- Crossland Construction Company Inc
- Amigos Meat Distributors
- Inter-Con Security
- Peinado Construction
Check out the full list in Latino Leaders Magazine here.
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