Today's Date: March 28, 2024
Parkland Corporation Announces the Results of the 2024 Annual General Meeting of Shareholders   •   More $10-a-day child care spaces   •   Sypher Secures Strategic Partnership with FAIA to Fuel Growth   •   Equalpride Partners with TransLash Media for Trans Day of Visibility, Amplifying Voices of Black Trans Femmes in the Arts   •   John Legend to Perform at City Year Los Angeles’ 13th Annual Spring Break Event   •   Torrid Reports Fourth Quarter and Fiscal 2023 Results and Initiates Fiscal 2024 Guidance   •   Visit Visalia Recognizes Autism Awareness Month in April   •   Fastenal Releases 2024 Environmental, Social, and Governance (ESG) Report   •   Make-A-Wish and celebrity wish granters announce goal to recruit 1 million people to become "WishMakers"   •   Carnegie Learning Named 2024 SIIA CODiE Award Finalist for Best Educational Game and Best AI Implementation in Ed Tech   •   YMCA of the USA Partners With Old Spice To Increase High School Graduation Among Boys And Young Men Of Color Through Mentorship   •   Jamieson Wellness Publishes Inaugural Sustainability Impact Report   •   Empire State Realty Trust Receives WELL Health-Safety Leadership Award; Becomes Among the First Commercial Office and Multifamil   •   VIRGIN HOTELS CHAMPIONS INCLUSIVE TRAVEL FOR NEURODIVERSE TRAVELERS   •   Coachella Concerned That People Have Sex, Says AHF   •   PMI Foods Gives Easter Donation of 15,000 Pounds of Prime Rib to New Life Church in Arkansas   •   Taro Pharmaceuticals U.S.A., Inc. Expands OTC Portfolio for Children with the Introduction of bébé Bottoms™   •   Suffolk Kicks off 2024 “Build With Us @ Suffolk” Program in Boston for Trade Partners, Opening Doors for Minority-,   •   Amerex Group Unveils Red Carter Swimwear's Revitalized Collection   •   Re:wild and Colossal Biosciences team up to leverage revolutionary technology to save critically endangered species on the brink
Bookmark and Share

Latino Coalition: Much Work Needed In Sharing Stimulus With Latino Businesses


 
 

 

Washington, DC  – In light of recently published statistics which show a disparate allotment of federal stimulus funds to minority owned businesses, The Latino Coalition (TLC), America’s leading advocate for Latino-owned, small and mid-sized businesses, today emphasized the importance of events like its annual Economic Summit and Business Procurement Event, scheduled for May 4-5 at the Mandarin Hotel in Washington, D.C.   

 

While Latinos make up 5.2% of all business owners in the U.S., they have only received 1.7 percent of $46 million in contracts, of the $862 billion allotted in the 2010 Economic Recovery Stimulus Package. With most of those funds distributed as tax credits and on a state-by-state basis, little is left for a much anticipated -and needed- trickle-down effect to these minority entrepreneurs.

 

“These statistics demonstrate what The Latino Coalition has long held: that Hispanic entrepreneurs have a tougher go in making their businesses succeed, since federal government funds aren’t as easily accessible to them. This has been one of the key needs that prompted the creation of The Latino Coalition, and the main reason for our annual Economic Summit in Washington,” said Hector V. Barreto, TLC’s Chairman and Former Administrator of the U.S. Small Business Administration (2001-2006).

 

To date, events like TLC’s Economic Summit have secured hundreds of millions of dollars for participating companies and have helped ‘lift the tide’ for Hispanics across the country.

 

“We hope that Latino entrepreneurs from across the country take these statistics to heart and register to participate in our May Summit,” Barreto added.

 

For details on how to register for the Latino Coalition’s Washington, D.C., procurement event, visit: www.TheLatinoCoalition.com

 

About the Latino Coalition

 

The Latino Coalition (TLC) was founded in 1995 by a group of Hispanic business owners from across the country to research and develop policies relevant to Latinos.  TLC is a non-profit nationwide organization based in CA, with offices in Washington, DC and Guadalajara, Mexico. TLC was established to address policy issues that directly affect the well-being of Hispanics in the United States. TLC’s agenda is to develop initiatives and partnerships that will foster economic equivalency and enhance overall business, economic and social development of Latinos. Visit: www.thelatinocoalition.com

 

CONTACT: 
Allen Gutierrez The Latino Coalition agutierrez@thelatinocoalition.com 949-546-0476 Gustavo A. Bujanda The Axis Agency gbujanda@theaxisagency.com 469-375-0288
 


Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News