Latinos are no longer on the sidelines of high-powered industries. Whether in Fortune 500 boardrooms or legislative chambers, they are breaking barriers, shaping policy, and redefining leadership. With cultural values emphasizing resilience, community, and innovation, Latino leaders are carving a path that benefits both their communities and the broader economy. READ MORE AT MARCO LOPEZ
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Latinos account for nearly half of Miami’s population — and 27% of local small business owners, according to a report released this week from consulting firm McKinsey. Latinos are creating 36% of new businesses overall in the United States, nearly double their representation in the population, the report says.
That phenomenon has been helped by a rise in Latina-owned businesses. From 2017 to 2021, 31 percent of new Latino businesses were started by Latinas. READ MORE AT MIAMI HERALD
About 7.1% of the nation’s 5,681,118 employer firms (businesses with at least one paid employee) in the United States were Hispanic-owned in 2021 and the construction sector had the largest number of Hispanic-owned businesses, according to the U.S. Census Bureau. Hispanic-owned firms generated $572.9 billion in revenue, around 3.3% of the total revenue ($17.4 trillion) generated by all employer businesses in 2021.
California had the largest number of Hispanic-owned firms (88,920), but not the largest share (about 11.8%) of that state’s 750,821 employer firms. Around 18.1%, or 85,966 of Florida’s 473,751 firms and about 14.6% or 63,560 of Texas’ 436,808 firms were Hispanic-owned. READ MORE AT US CENSUS BUREAU
Running a growing business is exciting, but it also comes with risks that could disrupt operations or lead to financial losses. Business insurance helps protect companies from unexpected events like accidents, lawsuits, or property damage, allowing them to focus on growth. We’ll explain why business insurance is essential for growing your company and highlight the types of coverage every company should consider. READ MORE AT CORN ON THE JOB
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
