Latest news with #SolTrujillo
Business Wire
28-05-2025
- Business
- Business Wire
The Latino Donor Collaborative Releases Preliminary Numbers from Part One of the 2025 Official LDC U.S. Latino GDP Report™: U.S. Latino Economy Hits $4 Trillion, Surpassing UK and India
LOS ANGELES--(BUSINESS WIRE)--The Latino Donor Collaborative (LDC) today released preliminary data of its 2025 Official LDC U.S. Latino GDP Report™, the eighth edition of its annual report. The data reveals that the U.S. Latino economy has reached a historic $4 trillion in GDP, surpassing major global economies including India, the United Kingdom, and France. The full report will be published later this year. 'The U.S. Latino cohort is one of the most powerful forces in today's economy. Anyone who wants to grow market share or drive innovation needs to start here.' - Sol Trujillo, Chairman of the Latino Donor Collaborative. Share The findings confirm that Latinos are not only vital to U.S. prosperity, they are its most dynamic growth engine. Since 2017, when LDC first began measuring Latino GDP at $2.17 trillion, the U.S. Latino economy has grown at an impressive average annual rate of 4.4%. In fact, from 2015 to 2023, it doubled in size, far outpacing the 30% growth of the overall U.S. GDP during the same period, highlighting Latinos' outsized role in U.S. economic growth. 'The information in this report is critical for leaders across the country in business, investment, policy, and media,' said Sol Trujillo, Chairman of the Latino Donor Collaborative. 'The U.S. Latino cohort is one of the most powerful forces in today's economy. Anyone who wants to grow market share or drive innovation needs to start here.' Preliminary key findings include: The U.S. Latino GDP hit $4 trillion in 2023, doubling since 2017. It remains the second fastest-growing economy in the world, behind only China. Latino purchasing power surged to $4.1 trillion, growing 2.4 times faster than that of non-Latinos. Latino consumer spending reached $2.5 trillion, growing at 4.9% annually, more than double the non-Latino rate. Latino Gross Domestic Income is growing 2.5 times faster than that of the rest of the country. 'This is not just a report, it's a strategic wake-up call,' said Ana Valdez, CEO of the Latino Donor Collaborative. 'The data tells a simple story: Latinos are driving U.S. growth.'
Yahoo
20-05-2025
- Business
- Yahoo
Sol Trujillo
Credit - Leon Bennett—Getty Images In 2010, longtime telecom executive Sol Trujillo and former U.S. Secretary of Housing and Urban Development Henry Cisneros founded the Latino Donor Collaborative to fight economic myths about Latinos in the U.S. through original research. The broader goal: to boost business revenue and market share by better serving Latino consumers. An LDC report released in April 2025 focused on Latinas: while almost one in every five women in the U.S. is Latina, the report says most of them don't think brands do a good job representing them, and only 1% of C-suite jobs in the U.S. are held by Latinas. Trujillo, 73, who also co-founded L'Attitude Ventures, a venture-capital firm that funds Latino-run companies, says U.S. businesses under-invest in Latino consumers and entrepreneurs because of misconceptions about their buying power. LDC's mission, he says, is to tell business and political leaders the truth about Latinos in stark, business terms. Contact us at letters@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
