Business (248)

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The greaser. The hot tamale. The gangster. The maid. The narco. These and other stereotypes are how Hollywood has traditionally portrayed Latinos for over a century. Even as they have become America’s largest minority, and as their box-office clout has increased, tired tropes continue. READ MORE AT LOS ANGELES TIMES

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A year after outbreak, Latinos optimistic

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Latinos in the U.S. were hard hit by the pandemic both financially and personally, but many feel generally optimistic that the worst is behind them, according to a new study by the Pew Research Center.

The study published on Thursday surveyed 3,375 Latinos in the U.S. in March. It comes as coronavirus infections are on the upswing in the U.S. again. READ MORE AT U.S. WORLD & NEWS REPORT

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The future of home ownership is Latino

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Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from 2020-2040, serving as the growth engine of American home buying. READ MORE AT CNBC

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Hispanics upbeat about finances

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Consumer confidence among U.S. Hispanics fell in the second quarter, though optimism about their overall finances is building as the nation continues its recovery from the COVID-19 pandemic.

The Hispanic Consumer Sentiment Index decreased to 90.8 from 92 in the first quarter, but it remains high above the 82.8 during the second quarter of last year, according to the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) in FAU’s College of Business. READ MORE AT FLORIDA ATLANTIC UNIVERSITY

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Tips for turning your hobby into a career

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So, if you’re committed to making your pastime a professional endeavour and prepared for all that entails, you might be wondering where to get started. Of course, there are various ways you could go about it, and the below is just one such method:

Start with a business plan

One of the best places to start if you’re trying to convert your hobby into a career is to come up with a solid business plan for your idea. READ MORE AT THE NEWS INTERNATIONAL

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Why Networking Matters… Still

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Networking. A word that can summon fear into even the most resilient of entrepreneurial hearts. However, little else can grow your business as powerfully as networking can.  At its core, networking is the process of building relationships. Over time, these relationships will reveal interesting and worthwhile opportunities for you. READ MORE AT BUSINESS2COMMUNITY

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Despite liberal Hollywood's best intentions, every other decade becomes the emerging "Decade of the Hispanic," as if the group exists in a perpetual state of arrival. Even as the big-budget film adaptation of the Lin-Manuel Miranda musical "In the Heights" hit theaters and HBO Max last week to rave reviews, Latinos in Hollywood say they face outsize obstacles in getting stories that reflect their experiences to the screen. READ MORE AT GAZATTEXTRA

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The Indy 500, held every Memorial Day weekend, is draped in Americana. Thousands of fans attend the “The Greatest Spectacle in Racing” decked out in stars and stripes attire. They stand tall when the the colors are presented, take off their hats for the National Anthem and cheer when a colossal American flag makes a lap around the track on a flatbed.

But the quintessentially American Indy 500 also is a showcase and celebration of international racing talent. In the 101st Indy 500 held Sunday, 21 of the 33 drivers who raced in the event were from countries other than the U.S., including six Latino drivers. READ MORE AT NBC NEWS

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According to Nielsen, Hispanics will contribute more growth than any other population segment. It is estimated that for the next 40 years, Hispanics will be the primary contributors to the total U.S. population growth, comprising 53% of growth in just the next five years and 68% of the growth for 2060. Start adjusting your strategy today to assure a profitable and sustainable future, whatever it may look like.

Hispanics are highly passionate and social. They share what they love and don’t love with their friends, family, and community. The actual purchase is just one step in the process. READ MORE AT ENTREPRENEUR

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White men now make up the minority of business owners in the United States, a shift driven by fast growth in women- and LatinX-owned businesses, and one that has profound implications for the country’s finance and innovation infrastructure.

LatinX owned businesses have been growing at a rate of two- to-four times the rate of the overall population since 2015, when Porras’s organization began surveying them. He estimates that there are 1 million net new LatinX-owned businesses created every five years. READ MORE AT FORBES

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With more than half of all Hispanic and Latino Americans unable to set up a basic checking account or send and receive money, the pandemic has highlighted the deep divide between those who are able to access digital banking, and those who are not.

Cuentas (Nasdaq: CUEN), a Miami-based fintech company focused on serving the Hispanic and Latino communities, is looking to narrow that divide, if not eliminate it outright - one card and one app at a time. READ MORE AT THE STREET

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Despite being the fastest-growing segment of the U.S. small business ecosystem, Latinos continue to struggle to secure capital from national banks.

That’s according to the State of Latino Entrepreneurship 2020 research study from the Stanford Latino Entrepreneurship Initiative.

Stanford’s report found that only 20 percent of Latino-owned businesses that applied for national bank loans over $100,000 obtained funding, compared to 50 percent of white-owned businesses. When looking at loans of all sizes, the percentages change, but not the gap: among Latinos, 51 percent received loans versus 77 percent for whites. READ MORE AT CBS NEWS

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Diversity and inclusion in the work place

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When the Black Lives Matter movement gained mainstream traction last year after the murder of George Floyd, many people engaged with the importance of being actively anti-racist and committing to being an ally in every part of life. This includes the workplace where pushing for diversity and inclusion is particularly important. READ MORE AT STYLIST

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Latino and Black workers remain underrepresented in the science, technology, engineering and math (STEM) workforce compared with their share of all workers. But a Pew Research Center report published Thursday found that the gap in STEM workforce representation is especially large for Hispanic adults. READ MORE AT NBC NEWS

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A lot matters when it comes to DEI work

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For many companies and organizations, the past year has provoked critical conversations around diversity, equity, and inclusion (DEI) and inspired many to take necessary steps to address systemic racism. While the Boys & Girls Clubs of Metro Atlanta (BGCMA) has been advocating for racial equity for over 80 years, we too have been on our own DEI journey over the past year. With nearly 90% of our youth identifying as African American or Latinx and the large majority of our employees coming from racially diverse backgrounds, this past year has been a deeply introspective period for our organization. READ MORE AT SAPORTAREPORT

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What's To Come In 2021 For DEI

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In response to this deeply charged and meaningful moment in our history, many companies and industry leaders felt pressure to make public their commitment to rectifying institutional bias within their own homes. Many issued statements and launched initiatives to combat discrimination and cultural bias.

Along with this social and institutional reckoning has certainly come a lot of progress when it comes to DEI, but many feel that there is much farther to go. READ MORE AT FORBES

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Many organizations recently have looked to apply diversity, equity and inclusion initiatives in their workplace. While diversity and inclusion in technology involves developing and nurturing these practices internally, companies should also consider the diversity of the people who use their products. READ MORE AT THE SERVER SIDE

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