Expanding The Power of U.S. Latinos

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  • 10/31/2017 2:45 PM | TLC Team (Administrator)

    If Republican front-runner Donald Trump succeeds in building his border wall, it may choke off the fastest growing source of new businesses in California.

    Research released last week by UC Riverside found that businesses owned by Hispanics are being created at a significantly faster pace than all businesses in the United States, California and the inland Southern California region.

    In fact, Hispanics are proving to be the one major demographic group that is bucking a trend of diminished business formation following the Great Recession.

    Hispanic-owned businesses now comprise 37 percent of all businesses in inland Southern California — Riverside and San Bernardino counties — 23 percent in California and 12 percent across the U.S.

    The new analysis finds that from 2007 to 2012, the number of Hispanic-owned businesses grew 46 percent across the U.S., 44 percent in California, and a whopping 51 percent in Inland Southern California.

    Comparatively, the rate of growth among all businesses was much slower — 3 percent across the U.S., 5 percent in California, and 8 percent in Inland Southern California.

    The study by the Center for Economic Forecasting and Development at the UC Riverside School of Business Administration examined data from the Census Bureau’s newest Survey of Business Owners, which is published once every five years The most recent survey includes data on business owners through 2012 and was released in December.

    “For years, Hispanics have made up a large and growing share of the population and workforce of the nation, state, and inland region,” said Christopher Thornberg, director of the forecasting center and one of the report’s lead authors. “As a measure of socio-economic advancement, it is an important and positive trend to see propietorships increasing and a healthier balance developing between Hispanic business owners and workers.”

    The one negative for Hispanic businesses, according to the study, is that they tend to have fewer employees and lower revenues. The authors say that is due to the fact that Hispanic businesses are newer overall.

    HISPANICS NOW LEAD SMALL BUSINESS CREATION IN CALIFORNIA was last modified: April 15th, 2016 by Chris Jennewein

    Source: Times of San Diego

  • 09/28/2017 11:26 AM | TLC Team (Administrator)

    WASHINGTON, Sept. 28, 2017 /PRNewswire-USNewswire/ -- The Latino Coalition (TLC), the leading, national non-partisan advocacy organization representing Hispanic businesses and consumers, issued the following statement regarding the tax reform framework released by Republican congressional leaders and the Trump administration:

    "Overhaul of our complicated tax code system is long overdue and essential for America's employers and workers. Not only is making the tax code simpler critical for the engine of our economy, it will restore our nation's competitive edge and create higher paying jobs for American workers," said Hector Barreto, The Latino Coalition Chairman and former U.S. Small Business Administrator.

    "The tax reform framework recently released is a step in the right direction for small-business job creators by reducing the maximum tax rate on pass-through companies to 25%. This lower rate will incentivize entrepreneurs and help them thrive, compete and grow; we hope to see it retained as Congress refines the details of this proposal."

    "Tax reform is a real need for this nation to grow our economy; we urge Congress to act swiftly and make pro-growth tax reform a top priority."

    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 solutions relevant to Latinos. TLC is a non-profit nationwide organization with offices in California, Washington, DC and Guadalajara, Mexico. Established to address and engage on key issues that that directly affect the well-being of Hispanics in the United States, TLC's agenda is to create and promote initiatives and partnerships that will foster economic equivalency and enhance and empower overall business, economic and social development for Latinos. 


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