Business (298)

Program cultivates Latino business leaders

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The Stanford Latino Entrepreneurship Initiative’s Education Scaling Program offers participants opportunities to expand their companies while supporting each other. Since its founding over a decade ago, SLEI — a research and education collaboration between Stanford Graduate School of Business and the Latino Business Action Network (LBAN) — has conducted groundbreaking research about Latino entrepreneurship in the United States, created educational programs for Latino entrepreneurs, and fostered an ecosystem of support for them. READ MORE AT STANFORD REPORT

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Biz2Credit’s 2024 Latino-Owned Business Study found that while revenues of Latino-owned companies increased (+11.6%), expenses rose more (+ 22.7%), resulting in lower earnings in 2023-24 than in 2022-23 (-$41.1K).

The annual study examined the performance of Latino-owned small to midsized companies -- from early stage to established companies -- in the U.S. from July 1, 2023, to June 30, 2024. It examines financial indicators including annual revenue, operating expenses, age of business, and credit scores of both Latino-owned and non-Latino-owned companies. READ MORE AT BIZ2CREDIT

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According to the U.S. Small Business Administration, Latino business ownership is growing at the fastest rate in three decades and is now at the highest level on record. The SBA said America's more than five million Latino-owned businesses employ nearly three million workers and contribute $800 billion to the U.S. economy each year. READ MORE AT NBC8

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Celebrate the small wins

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In the hustle and grind of daily life, it’s easy to overlook small accomplishments. We’re so focused on our ultimate goals, constantly striving for the next big achievement, that we rarely pause to acknowledge the smaller victories along the way. But celebrating small wins is more than just a feel-good moment; it’s a powerful tool that can transform our mindset, build momentum, and make each day more rewarding. READ MORE AT MS. CAREER GIRL

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Latino-owned businesses are the fastest-growing segment of small businesses in the U.S., with over 5 million businesses owned by Latino/a entrepreneurs in the country, according to the Stanford Latino Entrepreneurship Initiative (SLEI). Though Latino business owners have solidified their role as strong contributors to American economic activity, they face a string of unique challenges compared to white, non-Latino business owners. READ MORE AT NBC NEWS

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We’ve all been there: trapped in the office with that one colleague who missed the memo on basic manners. The one who turns a good day into an ordeal with just a few cutting words, making your 9 to 5 feel like it might never end. You know exactly who I’m talking about. Sure, it’s tempting to fire back or just ignore them, but there’s a smarter way. READ MORE AT PERSONAL BRANDING BLOG

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The HHF has teamed up with IBM to connect members of the Latino community with skills development courses and certifications that can help pave the way toward a career in IT. Creating opportunity is key to fostering diversity in the tech industry — and that’s what IBM is aiming to do in partnership with the Hispanic Heritage Foundation. READ MORE AT CIO

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As companies invest less in women at work, women of color — particularly Latinas — may be left by the wayside. LeanIn.Org and McKinsey and Co. released their 10th annual Women in the Workplace report this year, which concluded that race and gender intersections make the work life of women of color more difficult. READ MORE AT HRDIVE

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7 ways to bulk up your in-person networking

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People seem to be afraid of networking. They have many excuses to avoid it. Yet in-person networking remains vibrant today whether you are a small business owner, a job hunter or a member of some affinity group that brings people together. Attending networking meetings provides increased exposure, knowledge, leads, suggestions and ideas to help you become more effective in your professional life. READ MORE AT THE BIG GAME HUNTER

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4 ways to market your business

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Here we are in 2024, and the world of marketing is evolving more than ever. As it continues to change, we see all sorts of new emerging technologies and consumer behaviours which have changed the way we market. The same old tricks don’t work the same as they once did, so knowing the latest ways to market your business is important. If you’re looking to stand out in 2024, then here are some marketing strategies that you’ll want to try. READ MORE AT MIDDLEME

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Hispanic women fueling US economy

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A report by Bank of America found that Latinas are responsible for 30.2% of growth in the U.S. labor force since 2010. The data found that Hispanic women are major economic drivers for the U.S. economy. The data also shows that Hispanic women in the U.S. contributed to a total economic output equal to $1.3 trillion in 2021. READ MORE AT SCRIPPS NEWS

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Though Latinas have collectively seen socioeconomic gains, their educational and economic circumstances are varied. Younger Latinas and U.S.-born Latinas, for instance, are more likely to report having a bachelor’s degree than older and immigrant Latinas, respectively. Though labor force participation rates have increased in the last two decades for Latinas overall, some are more likely to be employed or seeking work. READ MORE AT PEW RESEARCH CENTER

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Yoloxochitl “Yolo” Lopez DeMarco is one of the many Hispanics in the Region who is taking her financial future into her own hands. Her company is among the 5 million Latino/Hispanic-owned businesses nationwide generating more than $800 billion in annual revenue, according to a report by the U.S. Department of the Treasury. READ MORE AT NORTHWEST INDIANA BUSINESS MAGAZINE

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Hollywood closes the door to Latinos

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Despite being the largest minority group in the United States, 19% of the population, Latinos are underrepresented in both the media and film and television productions. According to a study by the Annenberg Inclusion Initiative at the University of California, the data has not improved in the last 16 years. In nearly two decades, only 75 actors in lead or co-lead roles were Latino, which means that the representation of actors of Latino origin in Hollywood is only 4.4%. READ MORE AT EL PAIS

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Latino-owned businesses are a dynamic and growing portion of the U.S.; with more than 5 million firms driving $800 billion in revenue, they represent a huge opportunity for the U.S. In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses. READ MORE AT LATINO BUSINESS ACTION NETWORK

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A discussion about Hispanic Heritage Month

 

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National Hispanic Heritage Month is annually celebrated from Sept. 15 to Oct. 15 for recognizing the contributions and influence of Hispanic Americans to the history, culture and the achievements of the United States. As the Hispanic population continues to grow in Florida, we take a look at how state, county and local communities are working to integrate and celebrate this growing population. VIEW VIDEO DISCUSSION AT SPECTRUM NEWS 13

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Nike is honouring Latino Heritage Month with special edition sneakers.The sportswear giant is putting out its Air Max 1 ‘Familia’ on the heels of the release of its ‘Puerto Rico’ pair in June, which dropped in time for the National Puerto Rican Day Parade.

It’s Latino Heritage Month (LHM) edition is painted in vibrant colours to reflect the energy and festivity of the Latin American population. READ MORE AT THE HOMETOWN REGISTER

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Investing in stocks or opening retirement savings accounts has long been elusive for many Latinos, but social media and podcasts that offer culturally relevant financial coaching are turning that on its head. U.S. Latinos' economic power is growing, yet they are less likely than their non-Hispanic white counterparts to have savings, retirement and non-retirement investment accounts. READ MORE AT AXIOS

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Cisco Systems, the multinational tech giant based in San Jose, has no Latino on its board of directors. Ditto for Intel, the world’s largest semiconductor manufacturer, headquartered in Santa Clara, Calif.

Ditto for Tesla — which moved offices to Austin, Texas, from Palo Alto last year — and for a host of other Fortune 100 companies with millions of Latino customers, employees and suppliers. Among them: Amazon, FedEx, Albertsons, Kroger, Walgreens Boots Alliance, Exxon Mobil, Citigroup, JPMorgan Chase, United Parcel Service and Berkshire Hathaway.

Latinos are the nation’s largest ethnic or racial minority — accounting for 18.9% of the population — and its fastest-growing group. READ MORE AT YAHOO FINANCE

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This month, Republicans who control the Arizona fractious Legislature came together with Democrats in a moment of unusual bipartisan accord. They passed a bill that would let Arizona’s home cooks register with the state to legally sell perishable foods like salsas and tamales.

But Katie Hobbs, the state’s new Democratic governor, vetoed the measure last week, citing concerns about the potential for food-borne illnesses, as well as rats and insects in home kitchens. Her veto set off a ferocious culinary and cultural backlash from the Capitol to kitchens across Arizona, offering a political lesson for the new governor: Do not mess with the tamale makers. READ MORE AT THE NEW YORK TIMES

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