Latinos in the fight against climate change will gather this week during a virtual summit highlighting the community’s growing environmental activism. By the numbers: 81% of Latinos in the U.S. consider addressing global climate change a priority, compared to 67% of non-Hispanics, according to a Pew Research Center poll. READ MORE AT AXIOS
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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 th
Average annual revenue for Latino-owned businesses ($258,251) in 2020-21 was $82,535, lower than their revenues the previous year ($340,787), a 24.2% decline, according to the annual Biz2Credit Latino-Owned Business Study. The analysis also found that average annual revenue for Latino-owned businesses was $45,435 greater than for non-Latino-owned companies ($212,816).
However, despite some superior performance measures, the funding rate for Latino-owned companies was 34.5%, slightly lower than
The universities and colleges providing students with the most opportunities for long-term economic success are Hispanic-serving Institutions in California, New York and Texas, according to an analysis published Thursday.
Based on the EMI metric, six state schools in California, two public colleges in New York, and two public universities in Texas are doing a better job of promoting economic mobility and a path to the middle class. All of these schools also happen to be Hispanic-serving Institu
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
According to a report by UCLA’s Latino Policy & Politics Initiative, Latinas are leaving the workforce at higher rates than any other demographic.
For some Latinas, the mirage of the American Dream faded amid the Covid-19 pandemic, and many chose to divest from the cultural, societal, and professional standards placed on first- and second-generation communities. READ MORE AT REFINERY 29
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
The rise of remote work during the pandemic led several Silicon Valley venture capitalists to escape California, with its wildfires and high taxes. Miami, with a large Latino population, and Atlanta, with a large Black population, have both seen higher interest.
Data from Crunchbase compiled for Reuters showed startups with a Black or Hispanic founder got 3.5% of the record $311 billion U.S. venture funding in the year to Dec. 16, up from an average 2.5% in the previous five years.
Florida and
FOR IMMEDIATE RELEASE:
December 10, 2021
CONTACT:
DCASE Communications, dcase@cityofchicago.org
Jamey Lundblad, Jamey.Lundblad@cityofchicago.org
MAYOR LIGHTFOOT AND DCASE ANNOUNCE NEW “CHICAGO MADE” INITIATIVE TO STRENGTHEN CHICAGO’S TV & FILM INDUSTRY
Innovative workforce development program and public awareness campaign are outcomes of Mayor Lightfoot’s COVID-19 Recovery Task Force
CHICAGO—Mayor Lori E. Lightfoot and the Chicago Film Office at the Department of Cultural Affairs and Spec
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
Latinos now make up 19% of the country’s population, and half of them are under age 29. And while America’s Latinos spend an estimated $1.7 trillion annually, the Hispanic Marketing Council says only 6% of overall industry investment is spent targeting the Latino community. READ MORE AT WTTW NEWS
Obesity and diabetes disproportionately affect Latinos in the United States, a group that comprises 18.4% of the population, or approximately 60.5 million people. Latinos are 1.2 times more likely to be obese than non-Latino Whites, according to HHS Office of Minority Health.
Almost 4 out of 5 (78.8%) Hispanic women are overweight or obese compared with 64% of non-Latino White women. Latinos are twice as likely to have type 2 diabetes (17%) than Whites (8%), according to the CDC. READ MORE AT M
A majority (62%) of Hispanic adults say having a darker skin color hurts Hispanics’ ability to get ahead in the United States today. Colorism is a form of discrimination based on skin color, usually, though not always, favoring lighter skin color over darker skin color within a racial or ethnic group. While it can be tied to racism, it is not necessarily the same. READ MORE AT PEW RESEARCH CENTER
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
Latinos are a fast-growing, young segment of the U.S. population that’s also highly entrepreneurial, yet businesses that Latinos start often struggle to get the financing they need to grow and succeed.
These businesses are among the “most overlooked opportunities for investors,” the Boston-based Bain & Co. wrote in a report released earlier this month. READ MORE AT PENTA
Latinos with an unhealthy response to chronic stress, like smoking or constantly eating junk food, tend to report fewer depression symptoms like hopelessness and restlessness in the long run than those with no dangerous coping mechanisms, according to an analysis.
Research has shown that stressors throughout life increase not only the body's wear and tear, known as allostatic load, but also the odds of having depression past age 60. But the study found the link was slightly weakened when Latino
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
