Dear Members, Partners, Friends:
What a year it has been! From our Small Business Summit and 20th Anniversary Gala in the spring, to our West Coast Summit in the fall, The Latino Coalition (TLC) enjoyed a celebratory and productive year.
Our network of members and partners continues to grow, which means our ability to advocate on behalf of our membership is becoming even stronger.
Elected officials at the state and federal level have learned that TLC is the group to call, for the perspective they need from the Latino business community.
Our success enables TLC to continue offering something no other group does – the “four C’s” of business:
* Access to Capital.
* Counseling on the best ways to grow.
* Connections for Contracts.
* Cost reduction – from healthcare premiums to one-size-fits-all regulations and high individual tax rates.
As we wrap up a great year, we want to thank you for being part of the TLC community. We believe the best is yet to come in 2016, and we hope you’ll continue to be by our side. Remember that it’s not too early to make New Year’s resolutions – like attending one or more events with TLC.
Wishing all the best to you and yours this holiday season, and into the new year.
Hector Barreto and Allen Gutierrez
Looking Back: 2015 EventsTLC events offer the best networking, relevant news and views on business trends, and the chance to remind our elected officials that entrepreneurs are the lifeblood of the American economy.
This year, our Small Business Summit in Washington, D.C. included a spectacular 20th Anniversary Gala and an address by New Jersey Governor presidential candidate Chris Christie. Our West Coast Summit attracted hundreds of business leaders, and featured a keynote address by Dominic Ng, Chairman and CEO of East West Bank.
2015 Success: Network Expansion
TLC’s already-robust network of business owners and corporate partners grew in 2016, adding both quality and quantity of our active database of over 1.2 million Hispanic businesses.
2015 Impact: Advocacy A true warrior for Hispanic entrepreneurs, TLC continues to fight against legislation that is bad for small business and champions the policies that will serve small business well and create a positive environment.
TLC today provides what no other group will: The truth about what issues matter most to Latino business owners, like sensible approaches to:
Affordable Health Insurance
Leadership, Integrity, Community
To make 2016 your most successful year, make sure these events are on your calendar: Small Business Summit:
June 13-15 2016
July 19-20th, 2016
July 26th, 2016
West Coast Summit:
Hispanic Heritage Month
Why TLC Events?
Distinct Competitive Advantage TLC events offer the best networking, relevant news and reviews on business trends, and the chance to remind our elected officials that entrepreneurs are the lifeblood of the American economy. Don’t miss out on the best meetings of the year- plan today to attend one more of this year’s TLC events!
Sustaining Corporate Award TLC honored the following Corporations during the 20th Anniversary Gala. We are sincerely grateful to all our Corporate partners who have demonstrated their on- going commitment and support of The Latino Coalition during its past 20 years.
The TLC Board of Directors and team, would like to wish you a wonderful holiday season. We look forward to seeing you in 2016. It’s going to be an exciting power packed year full of opportunity for our Latino Coalition. Thank you for all you do for our community.
The Latino Coalition
Image: Carol Dyer, Capitol at Night
The Affordable Care Act (ACA) is being described as one of the biggest threats small business faces today. However, entrepreneurs are not against health care reform; they are simply asking for a tune-up or common sense fixes, not a complete overhaul.
Small businesses are the engine of our nations economic prosperity. They employ millions of Americans and create nearly two-thirds of all net new jobs. And they represent the most significant sector of our economy.
For many years, I have served in both the public and private sector. As former head of the Small Business Administration, I learned about the challenges and desires of aspiring entrepreneurs and established employers regarding the tools necessary to start or grow an existing enterprise. But the biggest concern for these small business owners was health care and their options.
They were worried about escalating premiums, limited choices and inflation of costs due to frivolous lawsuits. In fact, the Employee Benefit Research Institute estimates that of the 45 million uninsured Americans, 22.3 million are self-employed or work for small businesses without benefits.
Initially, Obamacare was sold as a new and less expensive option for insurance provided through health exchanges. But the reality is that from small startup companies to large corporations, employers have more rules that keep changing and confusing requirements to keep track of. For most, costs are increasing and options are decreasing.
The Affordable Care Act is supposed to provide more plan options and rein in health care costs with competitive prices. Yet, small businesses are now being forced to comply with burdensome regulations and pay more taxes and fees. Companies employing 50 or more workers, who work more than 30 hours per week, are forced to provide them with mandated health insurance. And to make matters worse, the tax credit they were promised for up to 50 percent of their health care premium costs is only available if you have 10 or fewer full-time workers with a salary of less than $25,000 a year.
In essence, Obamacare is increasing small business costs, contributing to more of a part-time employee workforce and is causing hiring freezes in the sector of the economy that contributes to this nations overall financial prosperity.
Today, small business isn’t buying the promise of the Affordable Care Act.
A recent Public Opinion Strategies survey of more than 400 business owners with 40 to 500 employees states that 64 percent of small business franchise owners believe the law will have a “negative impact” on their business. And more that one in four businesses (28 percent) say that in 2015, when the employer mandate is scheduled to take full effect, it is “likely” they will drop their insurance coverage and pay the penalty per employee.
This widespread anxiety is causing small businesses to be stymied because of over-regulation and economic uncertainty. And unfortunately, like bad fuel in an engine, if the rollout for the employer mandate is anywhere as grim as the individual mandate rollout, small businesses will continue feeling angst, uncertainty and the stagnation they have been experiencing for years.
This is not what American entrepreneurs hoped for, or expected.
We are looking for a real solution that will control spiraling health care costs and effective options, which have long been a worry and a source of anxiety for small business. We are asking for more health plan options and a real cost curve reduction in premiums that continue to spike up.
In short, we need and demand options, not mandates or a government takeover for millions of small businesses in the U.S. Small businesses deserve for their voices to be heard. Small business not only will lead our nation out of this economic morass; they will be pivotal in the expansion and growth of our economy for generations to come.
Is anyone listening?
Hector V. Barreto
Hector Barreto is the former head of the Small Business Administration (2001 – 2006) and currently serves as the Chairman of The Latino Coalition
Cited from: Fox News Latino
Celebrating 20 years of building communities and partnerships as one of the largest membership and advocacy organizations for Latino-owned small businesses, The Latino Coalition (TLC) in conjunction with the Los Angeles Latino Chamber of Commerce (LALCC) held the Engine of America 2015 Small Business Summit on October 8th at the City Club Los Angeles.
Attracting over 200 dynamic leaders, prominent executives and high-profile speakers, the groundbreaking breakout sessions focused on the areas of healthcare, technology, telecom, immigration, regulations and legal reform. The day also encompassed informative and energizing panels showcasing the importance of small business to the overall economy and how to leverage entrepreneurial diversity for optimal opportunities. Lastly, the event emphasized the Hispanic community’s influence in small business and provided attendees with a Business Matchmaking session to help grow businesses, access capital and seek new opportunities.
“It is imperative for the small business community to thrive,” said The Latino Coalition Chairman and former U.S. Small Business Administrator Hector Barreto. “As the backbone of our economy, small businesses need a bold commitment to capital, capacity and contracts. And the Engine of America 2015 Small Business Summit served as the opportunity for entrepreneurs to gain access to these necessities, as well as arm themselves with invaluable insight and resources to get ahead.”
Headlining the event was Dominic Ng, Chairman and CEO of East West Bank. Ng not only shared insight on the significance of engaging the ever-growing Latino business community, he discussed the importance of bridging the financing gap between Asia and U.S. business owners in order to promote long-term success.
The summit attracted representatives from various West Coast entities including: the Orange County Hispanic Chamber of Commerce; the National Latinas Business Women Association; HOPE; the Southern California Minority Supplier Development Council; the Riverside Hispanic Chamber of Commerce; and SCORE.
Moreover, the Engine of America 2015 Small Business Summit shared research and innovative strategies to fuel a growing sector of our economy— Latinas in business. During the conference, TLC’s longstanding partner AltaMed announced the “Why Latinas Matter” study, emphasizing the importance of Latina health and well being as critical to the overall entrepreneurial success of this nation.
One of the event’s most important highlights honored the Founder of The Latino Coalition, Dr. Tirso del Junco with the organizations Leadership Award. Dr. del Junco is living evidence of the power of hard work and the American Dream and his bold commitment to small business is the foundation of TLC.
“Dr. del Junco’s vision of championing small business is the essence of our organization. His leadership and commitment to creating opportunities for entrepreneurs to thrive is inspirational. And his enthusiasm for economic opportunity is a beacon for the Latino community and our country,” added Barreto.
Another significant deliverable during the summit was Chairman Barreto’s announcement of a new partnership through a Memoranda of Understanding (MOU) with the Hispanic Chamber of E-Commerce. Digital solutions are essential in staying competitive in the ever-changing business environment of today. This MOU welcomes the Hispanic Chamber of E-Commerce into TLC’s national network of 80+ organizations working to enhance the overall business, economic and social development of small businesses.
“With such a successful summit last week, I am looking forward to TLC’s robust schedule of events for 2016,” Barreto said. “Washington’s Small Business Summit, the GOP Convention, the DNC Convention and the West Coast Summit will be great opportunities for the Hispanic business community to gather, network and advocate for Latino entrepreneurs to prosper and grow the U.S. economy.”
A special thank you to The Latino Coalition Title Sponsors: Wal-Mart and Google. In addition, TLC acknowledges: Herbalife, CENTENE Corporation, Sands Las Vegas Sands Corp., MasterCard, U.S. Chamber Institute for Legal Reform, PG&E, MyWireless.org, American Express Open, Honda, Altamed Health Services, Intuit, Master Your Card, East West Bank, Southern California Edison, American Beverage Association, American Airlines, Verizon, The Coca-Cola Company, Southern California Gas, Tributo Tequila, CONEXION, 305 Communications, CapitalWirePR and Impacto News.
Building Up: Hector Barreto at the Latino Coalition-hosted Small Business Summit at downtown L.A.’s City Club.
NONPROFIT: Ex-SBA chief
hopes fellow Republicans pass on Donald Trump.
By HOWARD FINE Staff Reporter
Few know more about small businesses and Latino entrepreneurs than Hector Barreto, 54, a small businessman himself and former administrator of the U.S. Small Business Administration. His father, Hector Sr., emigrated from Guadalajara, Mexico, and settled in Kansas City, Mo., where he eventually opened a small restaurant and went on to found the national Hispanic Chamber of Commerce. Hector Jr. moved to Southern California, where he started an insurance company that’s now headquartered in Irvine. He served as vice chair of the Hispanic chamber. He delivered a nominating speech in 2000 for George W. Bush,
who the next year appointed Barreto to run the SBA. After six years with the SBA, Barreto returned to Orange County and took the helm of the Latino Coalition, which crafts partner- ships and initiatives to help Latinos develop businesses and economic self-sufficiency. He recently wrote a book: “The Engine of America: The Secrets to Small Business Success From Entrepreneurs Who Have Made It!” The Business Journal interviewed Barreto as he was preparing to host a small-business summit in downtown Los Angeles last week.
Question: As a prominent Republican and son of a Mexican immigrant, how do you come to terms with comments about illegal immigrants by Donald Trump?
Answer: He caught everyone by surprise. No question his comments on immigrants were incredibly insulting. When I heard them, I was hurt and insulted. But you’ve got to remember, he was never considered a Republican and certainly has not been a lifelong Republican. Yes, there is a certain group within the Republican Party that he has hit a chord with. And the other candidates have been taking a low profile on this issue because they don’t want to tangle with Donald Trump or alienate his block of primary voters.
What about the tone it sets for the Republican presidential campaign?
I’ve worked with Republican presidents and candidates for the past 15 years and my father worked with Republican presidents and candidates for decades before that. I can tell you that the presidents and candidates have been paying attention to the Latino community.
So whom are you supporting for the Republican presidential nomination?
I am supporting Jeb Bush. His campaign manager is Hispanic American; many other Hispanics have prominent positions in his campaign and, of course, he is married to a Hispanic American and speaks Spanish. So he gets it. I also believe that after the primaries, he will be the last man standing.
What are some of the unique issues that Latino entrepreneurs face?
A lot of first-generation Hispanic American entrepreneurs face language and cultural issues. Also, there’s the issue of not being for- mal businesses: Many start out as under- ground businesses. But on the positive side, the fastest-growing segment of business start- ups is among Hispanic women. That’s a tremendous opportunity that we’ve only just now started paying attention to. Over the longer term, once the businesses become established, the issues Latino entrepreneurs face are the same as all entrepreneurs: How do I get more capital, how do I keep costs in line, how do I understand all the regulations, etc.
What are the general challenges facing small businesses today?
It’s so difficult to plan ahead in the face of so much uncertainty. I’m not talking about economic uncertainty, as that has eased some- what. I’m talking about policy uncertainty. Health care costs are going up, and that’s a major effect on small business. Also, regulations keep changing. The big guys can deal with this but the small guys cannot.
Isn’t the Southern California market underserved when it comes to banks catering to Latino entrepreneurs?
Whenever there’s a lending market, even a lending market to Hispanic businesses, some- one always steps in. Dominic Ng, the chief executive of East West Bank, is one of the speakers at our Latino Coalition summit this week. You might think of East West Bank as an Asian bank, but they have really stepped up their focus on the Hispanic community.
How supportive do you think California is of small business?
That’s a tough one. I have served on the California Economic Development Commission. We never really talked about a strategy to help small businesses in this state. I would bring the topic up, but it went nowhere. And I can’t think of too many things the state has done to genuinely help small businesses. There’s no talk of helping small businesses get more of the tens of bil- lions of dollars in state contracts, there’s no talk of streamlining the bureaucracy so small- business owners can actually navigate through it. Sure, entrepreneurs still flock here, but not because of anything the state itself is doing. They come because of Silicon Valley, the climate, the huge consumer market.
Los Angeles Business Journal 2015 (3)
– The Latino Coalition (TLC), one of the largest membership and advocacy organizations for Latino-owned small businesses, in partnership with the Los Angeles Latino Chamber of Commerce (LALCC), will host The Engine of America 2015 Small Business Summit on October 8th, 2015 at the City Club Los Angeles.
The innovative one-day summit will provide trailblazing entrepreneurs with access to knowledgeable speakers, high-impact panels, networking opportunities and an interactive environment for evolving businesses.
With tools and strategies to aid small business, accelerate their growth and boost their productivity, The Engine of America 2015 Small Business Summit will host more than 20 speakers, panelists and top executives discussing healthcare, technology, telecom, immigration, regulations and legal reform.
Headlining the exciting conference will be Keynote Speaker Dominic Ng, Chairman and CEO of East West Bank— one of the top 15 of the 100 Best Banks in America by Forbes from 2010 to 2014. Ng will share his insight with Latino business owners about how he transformed East West from a small savings and loan association into the full-service $30.1 billion in assets international and commercial bank it is today. He will also discuss leadership, consistency in business and East West Bank’s engagement of the ever-growing Hispanic business community.
“Small businesses are vital to the U.S. economy,” said Hector Barreto, TLC Chairman and former Administrator to the U.S. Small Business Administration. “They not only generate two-thirds of net new jobs and employ nearly half of the private-sector workforce; they bring diversity, expertise and an outstanding creativity for professional development to this nation. Together with the Los Angeles Latino Chamber of Commerce, The Engine of America 2015 Small Business Summit will champion these entrepreneurs and provide them with the tools and strategies necessary to expand and continue succeeding.”
“The LALCC is looking forward, yet again, to partnering with The Latino Coalition for The Engine of America 2015 Small Business Summit. The summit is a powerful and unique opportunity for attendees to learn new skills and build relationships with experts to maximize their business potential,” said Theresa Martinez, CEO, of the Los Angeles Latino Chamber of Commerce.
Panels throughout the day will include: Digital to-Do List: Industry Experts Discuss Online Strategies to Help Grow Your Small,Regulation: Strategies for Navigating Current Economic Environment and Procurement: How to Take Your Business to the Next Level: Opportunities in Government and Corporate Contracts.
A huge priority during The Engine of America 2015 Small Business Summit will be expanding business opportunities for summit attendees. Concluding the eventful day will be a Business Matchmaking session allowing them the opportunity to meet with procurement officers from federal agencies, as well as Fortune 500 companies, to discuss small business procurement opportunities and secure potential contracts.
“With a proven record of generating $8 billion in verifiable contracts, Business Matchmaking is an exceptional opportunity for small businesses to be seated at the table and access significant resources to expand their business. We are glad to facilitate these impactful business sessions and provide entrepreneurs with access to the powerful tools which will enable them to profit and fuel the engine of our economy,” added Barreto.
For more information or to register and view the conference agenda, visit
The Latino Coalition would like to thank the following Title Sponsors: Wal-Mart, Google. In addition, TLC acknowledges: Herbalife, CENTENE Corporation, Sands Las Vegas Sands Corp., MasterCard, U.S. Chamber Institute for Legal Reform, PG&E, MyWireless.org, American Express Open, Honda, Altamed Health Services, Intuit, Master Your Card, East West Bank, Southern California Edison, American Beverage Association, American Airlines, Verizon, The Coca-Cola Company, Southern California Gas, Tributo Tequila, Conexion, 305 Communications, CapitalWirePR and Impacto News.
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