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The resurgence of many American cities over the last 30 years came as a surprise. After a brutal mid-century, defined by deindustrialization and white flight, cities from Oakland to Boston saw their fortunes revive. Population rebounded, crime fell, business activity hummed.

The single biggest reason why some American cities rebounded beginning in the 1990s was because of immigration. In areas like Northeast Philadelphia and East Boston, as domestic white Americans continued to leave the city, foreign-born arrivals moved in and kept the streets vibrant. READ MORE AT GOVERNING

McKinsey research reveals interventions that can help boost Latino participation in the US economy and strengthen the nation’s economic performance overall. 

Senior Partner, Lucy Pérez, how greater support for Latino workers, business owners, consumers, savers, and investors in the United States could create economic opportunities not just for individuals and families in this demographic but also for the whole country. READ MORE AT MCKINSEY RESEARCH

The Hispanic retail sector and manufacturers of products aimed at Latino consumers will benefit from the drive of intrepid Latino small business entrepreneurs in the United States. 

Even with notable disadvantages such as access to credit, Latino small business owners are the fastest-growing group of entrepreneurs in the United States. READ MORE AT ABASTO

Although Latinos and other people of color are avid moviegoers, they are deeply underrepresented on-screen, two recent reports show. The big picture: The first year of the pandemic ravaged the movie industry, with a 72% drop in ticket sales, but research shows that Latino, Black and Asian Americans helped keep it afloat. READ MORE AT AXIOS

Right now, Latinas earn $.57for every dollar a non-Hispanic man makes, which adds up to thousands of dollars lost in wages a year — and more than a million over a lifetime. That means even Latinas who work full-time and year-round may never catch up to their male counterparts. HEAR CONVERSATION ON NPR

Across the United States, Latino homeownership is expanding at a record pace, with younger buyers fueling much of the increase, data show. The rise is altering the real estate landscape in many pockets of the country and making this demographic a growing force in the sharply rising housing market. READ MORE AT THE WASHINGTON POST

In 2018, the Census Bureau projected that in 2060, Hispanic people will comprise 27.5% of the total population, with 111 million Hispanic individuals residing in the United States.

Hispanic people are the largest minority in the United States. Only Mexico has a larger Hispanic population than the United States. READ MORE AT KTVZ NEWS

Economies across the globe face a double-headed threat: record levels of unemployment and towering public debt. Over the past two years, many western governments' response to one has come at the cost of the other; furlough schemes and stimulus cheques have left government balance sheets looking worryingly red.

It’s time to take a more aggressive approach. READ MORE AT THE HILL

Just 18.7% of all businesses in the US are minority-owned, despite ethnic and racial minorities making up 40% of the population. For entrepreneurs of colour who face systemic barriers like a lack of funding, choosing the right location to start or scale a business is important. 

If you’re a startup owner of colour looking for funding, resources and support, these top 10 cities are worth relocating to, a JobSage report reveals. READ MORE AT BUSINESS CHIEF

Transforming ideas into reality is one of the most fulfilling things that a small business person does. However, it’s not enough to just have an idea and start a business. To succeed in the long term, you need to put in the work to make your basic brand story thrive through the equally important elements of strategy and execution. READ MORE AT BUSINESS2COMMUNITY

Applications for new businesses rose 20 percent last year, after languishing for a decade. Many newly minted founders attribute it to the pandemic.

“People have become disaffected with what they’re doing, and might as well do the thing they've been wanting to do for a while,” says Stewart Thornhill, executive director of the Zell Lurie Institute for Entrepreneurial Studies at the University of Michigan. Some people who were furloughed or laid off near the start of the pandemic became entrepreneurs out of necessity. Others took stock of their good-enough jobs and decided they could do something better. READ MORE AT WIRED

While Latino-owned businesses are growing at a much faster rate than any other business segment in the country, they continue to face greater barriers to financing and report lower than average revenue per company than white-owned companies, according to new data released last week.

On Friday (January 28), the Stanford Latino Entrepreneurship Initiative (SLEI) released its seventh annual research report, State of Latino Entrepreneurship, exploring the impact, challenges, and opportunities of the fastest growing business segment in the U.S. economy. READ MORE AT POETS AND QUANTS

Hispanic-owned businesses have been the fastest-growing segment in the U.S. over the past 10 years, their numbers increasing by 34% since 2010, versus only 1% growth for all other business owners, according to a recent Stanford University study. READ MORE AT MEDIAPOST

The tech industry is growing in Arizona and nationally, with net employment in 2018 bringing on more than 260,000 new jobs nationally. Since the employment shortage that followed the Great Recession a decade ago, net tech employment has increased by an estimated 1.9 million jobs. Yet, as the industry is growing, it’s leaving people of color and women behind. READ MORE AT CRONKITE NEWS

Projections show half of all homebuyers nationally will be Hispanic in the next decade. Latinos are the only demographic in the U.S. to increase their rate of homeownership for each of the past six years, according to the National Association of Hispanic Real Estate Professionals. Oklahoma had the fifth-highest growth at 95.5% from 2009 to 2019, according to NAHREP. READ MORE AT THE JOURNAL RECORD

Latinos are an economic engine for the US. They are the fastest growing minority: by 2030, 1 in 5 workers will be Latino. And they have the highest rate of entrepreneurship of any race: their businesses have grown by 12.5 percent over the past five years, compared to 5.3 percent for White-owned businesses. READ MORE AT MCKINSEY & COMPANY

Latinos are projected to make up 22.4 percent of the US labor force by 2030 and more than 30 percent by 2060. Yet they remain concentrated in roles generally dismissed as “jobs no one else wants to do.” They are underpaid, less likely to have nonwage employer benefits, and disproportionately vulnerable to disruption. The $288 billion annual gap in income compared with non-Latino White workers not only represents lost economic opportunity but has significant implications for Latinos’ ability to start businesses, build wealth, and fully participate as consumers. READ MORE AT MCKINSEY & COMPANY

Latinos will make up more than 1 in 5 U.S. workers by 2030. Yet despite high rates of job participation and entrepreneurship, a massive wage gap is one of the factors hindering their economic mobility, a new study has found.

The wage gap for Latinos is as high as $288 billion per year, according to "The economic state of Latinos in America: The American dream deferred," a report by McKinsey & Co. in partnership with the Aspen Institute, which was released Wednesday. READ MORE AT NBC NEWS

There have been more new businesses formed so far this year than ever. Literally ever.

According to data from the US Census Bureau analyzed by the Economic Innovation Group, there were about 1.4m new startup applications filed with the government through 30 September 2021. That’s compared with 1.14m during the same period in 2020 and 987 thousand in 2019. Every year before had been significantly less. READ MORE AT THE GUARDIAN

Hispanics and Latinos make up almost 19% of the U.S. population (or 62.1 million out of more than 332 million), according to the 2020 Census. Keeping this projected growth in mind, SmartAsset examined data to determine the cities where Hispanics and Latinos fare best economically nationwide. This is SmartAsset’s first study on where Hispanics and Latinos fare best economically. As part of our ongoing diversity coverage, you can also read our studies on where Black Americans and Asian Americans fare best economically. READ MORE AT MONEYTALKSNEWS