PALO ALTO, Calif., Nov. 29, 2021 /PRNewswire-PRWeb/ -- Latino Business Action Network (LBAN) is proud to expand its collaboration with Wells Fargo to launch a new initiative that enables Latino-owned small businesses greater access to supplier diversity programs and growth opportunities. Wells Fargo has strongly supported LBAN and the Stanford Latino Entrepreneurship Initiative (SLEI), supporting SLEI-Research, SLEI Education Scaling Program, and LBAN's ongoing Ecosystem Development for Latino and Latina entrepreneurs. Many large corporations would like to diversify their supplier base, yet only eight percent of Latino-owned businesses have secured a corporate or government contract, per 2019 SLEI Research. Thanks to Wells Fargo's extended support, LBAN is pleased to announce the Supplier Diversity Growth Pathway pilot program. The program will educate, elevate, and connect Latino-owned business leaders to corporate buyers.