For the past five years, the Stanford Latino Entrepreneurship Initiative has collected survey data from Latino-owned businesses across the country to provide an updated account of the latest trends in Latino entrepreneurship in the United States. For the past two years, we have also simultaneously created a research panel of over 1,000 Latino business owners that will provide insights on the growth and experiences of individual businesses over time. This year, we report results on a cumulative sample of approximately 5,000 1 Latino business owners.