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15 fun Hispanic Heritage Month facts

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Hispanic Heritage Month has been celebrated in the U.S. for over 30 years. Formally known as National Hispanic Heritage Month, the annual event honors Hispanic cultures and traditions originating from 20 countries and one territory. Both the Hispanic and Latinx communities observe Hispanic Heritage Month because of their shared Spanish language.

If you’re ready to dive deep into fun Hispanic Heritage Month facts, keep on reading. READ MORE AT GOOD HOUSE KEEPING

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For all businesses, but particularly smaller teams and start-ups, networking is essential to building relationships and gaining opportunities to grow the business. These opportunities are more than just referrals for new customers. Networking is a popular way to share ideas and collaborate with fellow business owners. But, networking is a true art form and there are definitely some ‘do’s and don’ts’ to consider for it to be successful. Here are some tips to help you on your way to becoming a networking pro. READ MORE AT FINANCE MONTHLY

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More than 40% of Fortune 500 companies operating in 2010 were founded by immigrants or their children, according to the Partnership for a New American Economy — including some of the most well-known brands, from Apple and IBM to Disney and McDonald's. The companies noted had combined revenues of $4.2 trillion — more than the GDP of most countries.

The ability to embrace cultural perspectives is absolutely critical to the way we view the world. Speaking multiple languages and even using English as a secondary language is not a setback, it is your secret weapon. READ MORE AT ENTREPRENEUR

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5 facts about Latinos and education

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Educational attainment among U.S. Latinos has been changing rapidly in recent years, reflecting the group’s growth in the nation’s public K-12 schools and colleges. Over the past decade, the Hispanic high school dropout rate has declined and college enrollment has increased, even as Hispanics trail other groups in earning a bachelor’s degree.

66% of Hispanics who got a job or entered the military directly after high school cited the need to help support their family as a reason for not enrolling in college, compared with 39% of whites. READ MORE AT PEW RESEARCH CENTER

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Many Latinos living in the U.S. suffered through acute economic upheaval in their countries of origin. Our troubled experiences influence our financial behavior and our economic outlook. It’s like we have financial PTSD.

Our instinctive reaction is to save money in places that feel safe — under the mattress or, at best, in a checking or savings account — rather than investing it to build wealth. Far too many Latinos grew up with parents who did this because they had no trust in banks.

We know firsthand how life-altering experiences can lead to financial trauma. READ MORE AT THE LOS ANGELES TIMES

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Boosting Latino numbers in STEM

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Latino workers remain underrepresented in science, technology, engineering and math (STEM) workforces, and a new Pew Research Center report found that more visible representation of successful Latinos in STEM would make those workforces more attractive to other Latinos.

While Hispanics make up 17 percent of the total workforce, only 8 percent work in a STEM field, according to a Pew Research Center report published last year. Meanwhile, white workers make up 63 percent of the workforce and 67 percent of STEM workers. Asians make up 6 percent of the total workforce but account for 13 percent of the country’s STEM workforce. READ MORE AT THE HILL

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Barnes & Thornburg has added Martín Montes as a partner in the firm’s Chicago office, where he will serve as group lead in Chicago for the Government Services and Finance Department.

Montes joins Barnes & Thornburg following a decade of legal and business experience at Exelon and served in executive leadership roles at ComEd, where he managed regulatory strategies and large customer business operations. He also spent nine years as associate general counsel at Walmart, where he developed and executed global legal strategy across Walmart’s international retail markets. At the firm, Montes will focus his practice on representing clients in the energy, utility, healthcare, education, and retail sectors in a variety of issues before the executive and legislative branches in Illinois. READ MORE

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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

 

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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

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YouTube TV now offers a streaming plan featuring only Spanish-language channels and is also beefing up the lineup of Spanish-language content with a new add-on for the virtual MVPD’s base package.

The new option, called Spanish Plan, costs $34.99 per month (with an intro rate of $24.99 per month for the first six) and features 28 channels in Spanish including ESPN Deportes, Fox, Cine Latino, CNN Español, Discovery en Español, Tastemade en Español, Nat Geo Mundo, and Estrella TV, among others. Users of the Spanish Plan don’t need to subscribe to a basic YouTube TV plan. READ MORE AT FIERCE VIDEO

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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

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A national Latino nonprofit is spearheading an initiative to boost digital skills and provide workforce training among Hispanics.

The Hispanic Federation is partnering with Comcast NBCUniversal Telemundo to support digital skills training through the Latino Digital Equity Centers Initiative, the organization announced Tuesday. READ MORE AT NBC NEWS

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Be an amigo to Latinos

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We have witnessed the tremendous buying power of Hispanics as their homeownership rates skyrocket. And yet, many Spanish-speaking customers run into roadblocks when it comes to financing. According to the National Association of Hispanic Real Estate Professionals, Latinos experienced a 19.1% home purchase denial rate for conventional loans and were 81% more likely to be denied than their non-Latino counterparts. READ MORE AT NATIONAL MORTGAGE PROFESSIONAL

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The National Museum of the American Latino will debut its inaugural gallery in the National Museum of American History on June 18. The new American Latino museum likely won't open in its own building for at least another 10 years, but the Smithsonian will roll out exhibits until the museum finds its permanent home. READ MORE AT CNN

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Last year, about half of Latino households in the U.S. were homeowners. And according to the Urban Institute, this group could make up 70% of new homeowners over the next two decades. But new findings suggest Latinos are more likely than any other ethnic group to use risky home financing. READ MORE AT KGOU OKLAHOMA

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Latinos in the U.S. and Latin Americans are more likely than others to reconsider the workplace after the pandemic, Marina writes. Two-thirds of Latinos polled in Microsoft’s  say they are now much more conscious about prioritizing health over their work when it comes to going to the office, and 60% say they are considering changing jobs in response. READ MORE AT AXIOS

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