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The Latino Business Association (LBA)

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The representatives of the ethnic minorities across the United States have been experiencing certain issues when starting their own businesses for decades. However, nowadays, the amount of the businesses owned by the people of color increases rapidly. The representatives of various races and ethnic groups are now free to start their businesses and attain the recognition of the partners and the customers across the country. Nowadays, the only obstacle the majority of people who moved to the US from the countries of Latin America meet on their way to success is the lack of commitment. Consequently, the Latino people are allowed to organize and maintain their own businesses on the territory of the US as well as all the citizens of the country …show more content…

The association is primarily interested in supporting and sustaining Latino-owned businesses and the association represents the interests of more than 800, 000 Hispanic-owned organizations and businesses across the US (Barranco & Shihadeh, 2015). It is the largest Latin business association nationwide that functions since 1976. The primary goal of the association is to "Build Economic Wealth and Opportunity" for the representatives of the Latino community in the US. Since the day of its inception, the LBA developed into a powerful association that has become a voice of the Latino …show more content…

The current liberal government of the US gave people the opportunity to develop their businesses without regarding ethnic backgrounds and cultural peculiarities. Consequently, a rapid development of the Hispanic-owned businesses is a result of the political alterations on the territory of the US. At this point, some people are concerned by the fact that the new government might appear to be less tolerant to the businesses run by non-Americans. The development of the Hispanic-owned businesses is essential for the development of the Latino community in the US since it provides the representatives of this particular ethnic minority with the opportunity to attain the prosperity and fortune. The majority of the Latino people in the US are unfairly considered to be the ones to take the jobs the Americans could attain yet, as a matter of fact, the Hispanic people struggle to gain the

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Today, Wells Fargo is widely recognized for its commitment to the Hispanic and Latino community. This commitment however, is not a recent phenomenon and dates back to before the turn of the century. Since its founding in 1852, Wells Fargo had encouraged team members to treat all customers with courtesy and respect. The once informal policy became company standard in 1888 when agents and managers were required to show “proper respect to all. Let them be men, women, children, rich or poor, white or black…”

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Nuestra Comunidad works in collaboration with consumers, university partners, and local, state and national agencies for funding and resources for the Latino Hispanic community (Hunting, K., & Gleason, B. L, 2012). In November 2004 Nuestra Comunidad received a grant for the program (Hunting, K., & Gleason, B. L, 2012). The grant helped with funding for the Nuestra Comunidad program.

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Not only has El Centro De Corazón made a positive impact on the Latino community, but they have also made a positive impact on my mother and me when we were both battling challenges together in a time period of our life. During the time my mother's illness had exceeded and she did not have medical insurance or the certain amount of funds to continue going to her typical clinic. After searching we were able to find this wholesome, non-profit clinic that helps individuals that are going through similar situations she was going through. My mom was thankful to have found this organization because it was the only way she would be able to receive the medical attention (such as blood test, exams, and check-ups) she needed with little cost. All the

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In the article, ‘SXSW panels: Latino, black boys an untapped population in tech world’ written by Jazmine Ulloa, focused on the issue of EEO laws in relation to black and Latino males. EEO laws highly focuses on the discrimination of females in the work force. Companies are encourage to higher more females into their organization. “Studies show women tend to make up 20 to 30 percent of the tech sector” (Ulloa, 2016, para.6). Although this shows improvement of companies accepting women into their work force in the tech industry to increase diversity, they still lack in other cultures; the tech industry lacks in the demographic of black and Latino males.

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A dichotomy is a when there are two or more polarizing ideas surrounding the same topic or ideology. The dichotomy that I have chosen to discuss is one that affects most first generation students and the communities they hail from. This dichotomy is the divide between the different economic classes of minorities specifically in the american latino and hispanic communities. These flaws in overall unification come from things as simple as geographical differences to as complex as socioeconomic place and education status. The “us vs them” dichotomy of the differing economic classes felt by the american latino community has divided and weakened the community by serving to prevent the formation of a unified front when facing social and economic issues.

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Immigrant small businesses contribute to the United States (US) economy by creating jobs, yet they continue to experience business failure within 5 years. Additionally, small businesses contribute to US economy; Texas economy grew faster than the US economy. The rate of failed immigrant-owned small businesses is an economic problem for Houston and the state of Texas. In a diverse multi-cultural city such as Houston, Texas, immigrants own the majority of small businesses. The objective of this multiple case study was to explore strategies immigrant small business owners in Houston, Texas, practiced sustaining their businesses beyond 5 years.

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I am currently in The Hispanic Business Student Association. This organization has opened many opportunities as a college student. HBSA has provided me with some of the best mentors that have gone beyond to prepare me for my future endeavors. HBSA has given me the confidence to apply to leadership programs, internships, and to begin networking now. It has allowed me to network with many Fortune 500 companies, as well as go on company field trips to get a personal experience with different companies.

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Having a diverse market is important for the economy, and when small business owners are attacked for their views they stop operating. Also, these small business owners are Mom and Pop shops a lot of the times, which keep the community alive. You take away small business and you ruin the community. Now, in closing, I want to thank you again for listening to me about this important issue on this day.

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In case you are not aware of, a diverse consumer market of more than 550 million people live in Latin America! These people, we call Latinos, live, work and spend money, just south of the U.S. Border! However, I am not talking about Mexico, although is included, but there are many other countries, territories, islands and protectorates in the Latin American Region that await for your business.

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The barriers that hold minority entrepreneurs back has varied considerably, from the lack of being able to obtain a business license, lack of access to capital, and racial discrimination. “The value of loans for minority-owned businesses are usually less than non-minority loans” (Kiger, 2016, p.19). “For minority businesses with more than $500,000 in gross revenue, the average loan amount is $149,000 (Arson, 2016, p.5)”. This quantitative research will show precisely how minority entrepreneurs are overwhelming disadvantaged to the demographic majority.

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