Friday, January 19, 2018 | Updated at 4:47 AM ET

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Latino Entrepreneurs

This week is National Small Business Week, and in celebration, the U.S. Small Business Administration (SBA) launched the third annual round of its Growth Accelerator Fund competition to award accelerators and startup ecosystems that empower aspiring startups.

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This week is National Small Business Week, celebrating an important and growing segment of the U.S. economy, especially when it comes to Latinos who are starting up enterprises faster than the national average.

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The beginning of May marks the start of National Small Business Week this year, and just in time comes the 2016 list of the best and worst places in America for Latino entrepreneurs to start up their enterprises. Where should you start building your dream?

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Latinos are creating businesses at a faster rate than the average for entrepreneurs. But only about one percent of Latino-owned businesses receive the early funding so important (and common) to many average startups. What gives?

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Business is booming for Latino entrepreneurs, especially in Southern California, where the growth in the number of Hispanic-owned businesses (HOBs) has bloomed despite the recession and tough economic recovery. But revenues for those enterprises haven't grown at the same pace.

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The city of Baltimore is treating Latino businesses unfairly, according to some Latino business owners in the region. The owners claim the city is targeting Hispanic-run establishments, often shutting them down for illegitimate reasons.

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Ahead of South by Southwest, President Obama has announced the expansion of the federal initiative to boost high-tech education in America called TechHire.

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Facebook CEO Mark Zuckerberg and a group of Silicon Valley chiefs have come out in official support of President Obama's executive actions that seek to protect undocumented immigrants.

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On Tuesday, the influential and well-connected startup accelerator and seed funder 500 Startups held demo day for "Batch 15," the latest class of up and coming entrepreneurs now being unleashed upon Silicon Valley. And it's one of the most diverse so far, as women lead a third, 15 percent were founded by Blacks, and 10 percent are led by Latinos.

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Miller Lite is running their fourth annual Tap the Future contest to encourage entrepreneurs to send in original business ideas. The best idea will be awarded with a $200,000 prize.

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Accenture published a detailed diversity report on Monday, becoming the first major consulting firm to do so. The results are in line with much of Silicon Valley, which means there's certainly room for improvement, but as with tech companies, transparency is the first step.

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Venture capital firm Kapor Capital has decided to boost diversity in the next generation of Silicon Valley companies, by building commitments to it early.

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Just days after leaving his position as CEO of Fox International Channels, Hernan Lopez announced the launch of Wondery, a venture hoping to reshape the way podcasts are distributed and monetized.

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If you're a parent interested in providing some of the best educational software for your kids' mobile devices, you've undoubtedly heard of Tinybop. Its founder and CEO, Raul Gutierrez, has always been interested in software and producing things, but his career followed quite a winding road before his recent success in making imaginative, educational apps for children.

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Peruvian born wunderkind Pedro Espinoza was raised an entrepreneur from the start. But he also had a life-changing experience working with a charity in his youth, and wanted more of that feeling. With SmileyGo, a data-driven startup founded by Espinoza last year, he plans to bring both worlds together, streamlining the connections between big businesses and nonprofits.

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A new study from the Stanford Latino Entrepreneurship Initiative (SLEI) shows that while the proportion Latino-owned business is expanding in the U.S. at a rapid clip, an opportunity gap is hampering what could be over a trillion dollars worth of economic activity.

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