A new study shows immigrants, Latinos and Asians are a political and economic powerhouse in Florida.
Research done by the Immigration Policy Center shows that Latinos in Florida bring in over $100 million in consumer purchasing and own 1-in-6 businesses.
The study also shows Florida's Immigrant workers pay an estimated annual average of 20 billion dollars in taxes and Asian owned businesses generate roughly $11.2 billion in sales annually. READ FULL STORYRead more…
With the struggling economy, many business leaders think that when it comes to marketing it's good to think Hispanic.
That's because the Hispanic market continues to grow, not only across the U.S., but right here in Arizona.
With the struggling economy, many business leaders think that when it comes to marketing it's good to think Hispanic.
According to the Hispanic chamber of commerce, Hispanics have the ability to spend upwards of $1 trillion here in the U.S.
That's why they say businesses should market to entire families.
Harry Garewal with the Chamber said, "We are very brand loyal. Once we latch onto a particular brand chances are we're gonna stay with that brand."
Lupe Dalluge manages the Flower Shoppe in Tempe. She realized quickly how important marketing to the Hispanic culture is. READ FULL STORYRead more…
A Washington think tank says Nevada had the highest unemployment rate among Hispanics in the U.S. in the second quarter of 2009.
The Economic Policy Institute, a labor-leaning economic think tank, says in a report that the state's unemployment rate among Hispanics was 16.4 percent. California came in second at 15.7 percent.
The report says the rate is due in part to a large number of job losses in the construction industry.
The overall Nevada unemployment rate in the quarter was 11.3 percent. READ FULL STORYRead more…
Google's grants program favors nonprofits run by whites and Asians, in effect is raising ad prices for African-American and Hispanic nonprofits, a new report says.
Over the past three years, Google has given away $300 million worth of free advertising on its site, says the report from TechMission, an association of Black and Latino-led nonprofits addressing the digital divide.
That $300 million in advertising grants is used by recipient nonprofits to bid on specific search terms related to their organizations and missions.
This practice has "flooded the market" for nonprofit ads with virtual dollars, the report says, forcing nonprofits that do not receive grants to pay more for search terms.
TechMission estimates 95 percent of Google Grants recipients are nonprofits led by whites or Asians, and only five percent are led by African-Americans or Hispanics. READ FULL STORYRead more…
The KPMG Foundation is marking the 15th anniversary of its Minority Accounting Doctoral Scholarship program by announcing today it has awarded a total of $390,000 in scholarships to 39 minority doctoral scholars for the 2009 - 2010 academic year. Of the awards, eight are to new recipients scheduled to begin their accounting doctoral program this fall, three are to new recipients who have already begun programs, and 28 are renewals of scholarships previously awarded.
Each of the scholarships is valued at $10,000 and renewable annually for a total of five years. The Foundation established the scholarship program in 1994 as part of its ongoing efforts to increase the number of minority students and professors in business schools -- and has since awarded $8.7 million to minorities pursuing doctorate degrees. READ FULL STORYRead more…
On Friday, after jazz pianist Ramsey Lewis finished his 9 a.m. show, the station introduced a Spanish format that Clear Channel management characterized as Spanish hot adult contemporary.
For promotional purposes, the station now will be referred to as "Mega 95.5," but no new call letters have been announced. The new playlist will range from Juanes and Mana to Enrique Iglesias and Paulina Rubio.
After axing scores of staff in recent months at WNUA and the five other radio properties it operates in the Chicago market, Clear Channel also now plans to add nearly 30 new bilingual staffers and on-air talent to operate Mega 95.5. READ FULL STORYRead more…
Banco Azteca, controlled by Mexican billionaire Ricardo Salinas, says the financial crisis offers the bank a chance to enter the U.S. market and lure Hispanic customers.
The bank is considering bringing its core products -- money transfers, loans of less than $300 and life insurance for $4 a week -- to California, Salinas said in an interview yesterday in San Diego. Hispanics make up a third of the state’s population of about 37 million, according to the U.S. Census Bureau.
“With the credit crunch there is tremendous opportunity,” Salinas said. “Our bank is very stable. We can afford to poke our nose around.”
Azteca is Mexico’s 10th-largest bank in terms of lending, with 23.2 billion pesos ($1.76 billion) in its credit portfolio at the end of March, according to government statistics. The company, a unit of Salinas’s Grupo Elektra SA, operates in seven other countries, including Brazil, Peru and Honduras. READ FULL STORYRead more…
American Civil Liberties Union Legislative Counsel Deborah J. Vagins, along with Representative Rosa DeLauro (D-CT) and leaders in the women’s and business community, briefed Senate staffers today on S. 182, the Paycheck Fairness Act, a bill to give working women the legal tools they need to challenge pay discrimination.
“Statistics show there is still a persistent and pernicious pay gap,” said Vagins. “The fight for equal pay for equal work will not resolve itself. We need the Paycheck Fairness Act to help create a climate where wage discrimination is no longer tolerated. This bill eliminates loopholes and strengthens weak remedies that have made the Equal Pay Act of 1963 less effective in combating the unlawful wage gap.” READ FULL STORYRead more…
Efforts on the part of some conservatives to pin the Wall Street meltdown and the $850 billion rescue tab on the backs of minority homeowners are shameless and spurious, several activists and minority lawmakers said Friday.
“That is total bunk,” said Kathleen Day, spokeswoman for the Center for Responsible Lending, a public interest group. “I think this is an effort by extremists who are embarrassed that their economic model of little regulation and oversight failed miserably, so they’re trying to deflect blame to the victims.” READ FULL STORYRead more…
