BMO announced the expansion of the Latino Leaders Index500, a ranking of the 500 largest Latino-owned businesses in the U.S. by revenue, as part of its exclusive partnership with Latino Leaders Magazine. Nationally recognized businesses such as MasTec, Carvana, and Goya rank high on the list.
The businesses featured throughout the Latino Leaders Index500 represent a wide range of industries, including engineering and construction, transportation, retail and more. They are headquartered in 34 different states – with particularly strong presence in California with over 100 businesses represented, as well as Texas and Florida. 180 of these businesses generated $100 million or more in revenue in 2023, showcasing their size and strength across a multitude of industries, as well as their impact on the communities in which they operate.
“BMO is extremely proud to contribute to the growth of the Latino Leaders Index500, Powered by BMO and to continue our relationship with Latino Leaders Magazine,” said Eduardo Tobon, Director, Economic Equity Advisory Group, BMO. “Expanding from 200 to 500 companies speaks volumes about how important and valuable Latino businesses are to the American economy. BMO is committed to supporting Latino businesses with access to capital, educational resources, and meaningful networking opportunities to help them make real financial progress.”
Latinos are the largest minority group in the United States, compromising 19 percent of the population, and drive over $3.2 trillion in economic output to the U.S. economy.
BMO recognizes Latino business owners continue to face barriers to inclusion, which is why the bank promotes equal access to opportunities that enable growth for its customers, colleagues, and the communities it serves.
