Latina-owned businesses in California have doubled in recent years, proving once again that Latinas are entrepreneurial and a key economic engine for the state. Latina-owned small businesses generated over $19 billion in revenues and employed over 86,000 individuals in California in 2016.
In the U.S., homeownership is considered a fundamental element of middle-class life, and can help individuals and households achieve stability and security. It is also an important wealth generator, providing a buffer against income loss or unexpected expenses, and providing an inheritable asset that can greatly impact social mobility across generations. Home equity can also be utilized for entrepreneurship, helping to bolster the economic stability of entire communities.