Expanding The Power of U.S. Latinos

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  • 03/04/2020 4:34 PM | TLC Team (Administrator)

    As opposed to his usual rallies, the president skipped the anti-immigrant rhetoric as he addressed the Hispanic entrepreneurs.

    President Donald Trump with Small Business Administration Administrator Jovita Carranza at the Latino Coalition Legislative Summit in Washington on Wednesday.

    WASHINGTON — President Donald Trump on Wednesday promoted his border wall, tax cuts and the trade agreement with Mexico as policies that benefit the nation's Latinos at a meeting with a national Hispanic business group.

    Trump addressed the issues he hopes will resonate with part of the Latino electorate in the election in November, including economic prosperity and border security.

    "With the hard work, love and devotion of millions of incredible Hispanic Americans, our country is thriving, our people thrive, and our future has never looked brighter," Trump told the Latino Coalition, a nonpartisan group whose policies have usually aligned with Republican policies.

    His speech, attended by over 350 business leaders, came at a time when both parties are actively courting the nation's 32 million eligible Latino voters.

    Trump currently has the support of approximately 30 percent of the Latino electorate, but his campaign is confident that he will be able to expand that support this year. In Nevada, a key state in the contest, the campaign says that 27 percent of those who attend its political meetings are of Latin or African American origin.

    A different speech than his regular rallies

    Not surprisingly, in contrast to the political rallies Trump holds with his conservative base and supporters across the country, his 23-minute speech lacked any incendiary anti-immigrant rhetoric.

    Instead, Trump highlighted the contributions of Hispanics and how his administration's policies have produced a historic 3.9 percent unemployment rate among Latinos as well as the creation of 3 million additional jobs.

    Citing figures from the Council of Economic Advisers, Trump said about 40 million Hispanics live in homes that have benefited from the expansion of the tax credit for families with dependent children, which provides an additional $ 2,000 a year for a family of four.

    Trump generally got lukewarm applause with the exception of when he reiterated his administration's support for the people of Venezuela, Cuba and Nicaragua, saying that "socialism and communism" only bring tragedy and misery.

    In his bid for re-election, Trump is hoping to win Florida, a bastion of hundreds of thousands of exiles from those three countries, as he did in 2016.

    Trump said 128 miles of his promised wall at the southern border have already been built, and argued that Latinos understand and support it "more than anyone," because "they want to feel safe."

    The president will also need the support of voters in Texas, a border state where the construction of the wall has drawn controversy. According to a 2019 survey by the Texas Lyceum organization, 61 percent of residents in the state oppose the construction of the wall, 35 support it, and 4 percent did not respond.


    Rafael Cuellar, chief executive of ShopRite Supermarkets, took to the stage to talk about his company's success and how he has benefited from the tax cuts enacted by the administration in December 2017.

    Speaking to Noticias Telemundo before the meeting, Latino Coalition president Héctor Barreto said Trump's speech to the group “is a sign of the importance of the Latino community, especially its entrepreneurs, who are growing faster than any other group in the United States.”

    Trump, said Barreto has "created an environment" that has allowed Latino businesses to grow.

    There are just over 4.6 million companies owned by Latinos, about 14 percent of the country's 33 million businesses and they generate about $ 800,000 million in sales each year, according to Barreto.

    The weight of the Latino vote

    Several guests told Telemundo they support the president's economic policy, adding the road to the White House goes through the Hispanic electorate.

    “We are 60 million Latinos, of which 80 percent have U.S. citizenship; we are Republicans, Democrats, rich, poor — we are not a monolithic community," said Ramiro Cavazos, president and chief executive of the U.S. Hispanic Chamber of Commerce. "We are not a race, we are a culture. ”

    “It's no surprise to me that many people in our community are voting for Republicans or Democrats; what we want is for more people to vote," he said. "We need our voice to be heard if we want to create change for the future."

    José L. Pérez, president and chief executive of Hispanics in Energy, said that although Trump "does not speak very well about our community," his policies and programs "are very important for the Latino community."

    According to Pérez, the new trade agreement between the U.S., Mexico and Canada will help strengthen the bilateral relationship with Mexico.

    The meeting, which was held within the framework of the legislative “summit” of the Latino Coalition, was attended by Secretary of Education Betsy DeVos; the Secretary of Housing, Ben Carson; the head of the Small Business Administration, Jovita Carranza, and the U.S. surgeon general, Vice Adm. Jerome M. Adams.

    Also present was the governor of Puerto Rico, Wanda Vázquez Garced.

    The White House said in a fact sheet that the administration has taken more than 600,000 Hispanics out of poverty and that the average income for Latino households exceeded $50,000 a year, the highest level recorded in the country's history, according to the document. The median income in 2016 was $48,700.

    In a email statement on Wednesday, the Democratic National Committee said, "Trump has failed Latino communities," saying that Latino households received only about 7 percent of Trump's tax cuts though they represent 18 percent of the population, and that real weekly wages for Latinos have risen less than 4 percent under Trump compared to over 9 percent under the Obama administration at the end of the recession.

    They also pointed out Trump's attempts to rescind DACA status for young immigrant adults would result in a loss of $460.3 billion over the next decade.

    Source: ABCNews
  • 02/27/2020 11:09 AM | TLC Team (Administrator)

    SBA Administrator Jovita Carranza, Secretary of Housing and Urban Development Ben Carson and Secretary of Education Betsy DeVos to speak to hundreds of Latino business owners about education, affordable housing and deregulations

    WASHINGTON, Feb. 27, 2020 /PRNewswire/ -- President Donald J. Trump will address The Latino Coalition (TLC) Legislative Summit on Wednesday, March 4 at the JW Marriott in Washington, D.C.

    Convening small-business owners, business influencers and elected officials from across the country, the TLC Legislative Summit is an opportunity for entrepreneurs to build their professional network while advocating for the public policies that impact them most.

    "We are pleased to welcome President Trump back to The Latino Coalition stage," said Hector Barreto, TLC's Chairman and former U.S. Small Business Administrator. "The president and his administration have led an economic expansion by creating an environment where small businesses can survive and thrive. With record-low unemployment levels, outstanding job growth and strong GDP, this administration has a proven track record that is worthy of celebrating."

    A friend to the organization, President Trump will keynote The Latino Coalition's Leadership Luncheon, discussing our country's Great American economic comeback thanks to a record number of job-killing regulations, enacting historic and record-setting tax cuts, and fighting for fair and reciprocal trade agreements.

    Throughout the day, panels will examine critical legislative and policy issues such as procurement, technology, education and regulatory reforms.

    The Legislative Summit will also include notable guests such as: newly confirmed U.S. Small Business Administrator Jovita Carranza; U.S. Secretary of Housing and Urban Development Ben Carson; U.S. Secretary of Education Betsy DeVos; U.S. Rep. Tony Cardenas (CA-29); U.S. Senator Ted Cruz (R-TX); U.S. Rep. William Hurd (TX-23); Jennifer Korn, Deputy Assistant to the President and Deputy Director of the White House Office of Liaison; U.S. Rep. Barbara Lee (CA-13); Ruben Barrales, Senior Vice President, External Relations, Wells Fargo & Company; Dan Bryant, SVP Global Public Policy and Government Affairs Walmart; Eric Hoplin, Head of External Relations for Wells Fargo & Company and Daniel Garza, President The Libre Initiative to name a few.

    "Creating and maintaining the best possible business environment for entrepreneurs is the duty and responsibility of our elected and appointed officials," Barreto added. "And while election years present their own opportunities and challenges for politicians, small-business owners expect our half of the economy to be prioritized, always. Our Summit will remind leaders in Washington, D.C. that meaningful reforms can happen in an election year – because good policy is good politics!"

    For more information or to register, visit: The Latino Coalition 2020 Legislative Summit.

    The Latino Coalition would like to thank the following Title Sponsors: Wells Fargo, Walmart, Edison International, Southern California Edison, PG&E, Google, and T-Mobile. TLC also acknowledges and is grateful for all its partners: AltaMed Health Services Corporation, Altria Client Services, AT&T, California Resource Corporation, Comcast Corporation, Cuellar Enterprises, East West Bank, Edison Electric Institute, Ecco Select, Grupo MAGNO, Guardian, Herbalife, Hispanic Business Roundtable Institute, MasterCard, Master Your Card, NCTA, Optimum Seismic, PhRMA, The Latino Coalition Foundation, The Libre Initiative, Tributo Tequila, Univision, US Chamber Institute for Legal Reform, and Verizon.

    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 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. Visit www.thelatinocoalition.com or follow us at #TLCSUMMIT.

    SOURCE The Latino Coalition

  • 02/26/2020 1:26 PM | TLC Team (Administrator)

    Hispanic entrepreneurs are more optimistic about the economy than their non-Hispanic peers


    Small businesses favoring Bloomberg over Trump: Poll

    The King's College business program chair Brian Brenberg explains why small business owners are highly engaged in the 2020 presidential race.

    Revenue projections for Hispanic small business owners are at a four-year high, and Hispanic entrepreneurs are more optimistic about the local and national economies than their non-Hispanic peers, according to a Bank of America report released Wednesday.

    "They're the most optimistic, fastest-growing demographic of entrepreneurs. ... They’re a big part of the thriving economy," John Gomez, senior VP/Small Business Region executive at Bank of America, told FOX Business.


    Hispanic small business owners' concerns over major economic issues "remained flat or declined." They're still most concerned by health care costs, although it's less of a concern than in 2019.

    "Regardless of where a small business is in its life cycle, health care will always be a concern for entrepreneurs because they want to offer the best benefits possible. … Especially with low unemployment, it's not an easy market to find top talent," Gomez said.

    In addition, 30 percent of Hispanic business owners surveyed envision significantly growing their staff in the next decade, something that Gomez said will be a boon for local economies.

    Some of the biggest obstacles Hispanic entrepreneurs said they faced are a lack of resources and challenges accessing capital. Gomez highlighted Bank of America's resources for small businesses as well as the federal Community Development Financial Institutions (CDFI) Fund it supports.

    Hector Barreto, chair of The Latino Coalition, credited the optimism to Trump administration policies, including the U.S.-Mexico-Canada Agreement, and tax cuts.

    "Something people aren't talking about has been simplification with regards to regulations," Barreto told FOX Business. "Big businesses can deal with changing regulations. For small businesses, it gets very tough. The rollback on redundant regulation made it easier to comply."

    He added that Hispanic women are starting businesses at a higher rate than any other group.

    "When you look at it from a 30,000-foot view, 4 million Hispanic companies generate $800 billion in revenue each year," Barreto said. "Small businesses generate more than half of the economy."


  • 01/21/2020 4:08 PM | TLC Team (Administrator)

    On January 7, 2020, the Senate confirmed U.S. Treasurer Jovita Carranza as the 26th Administrator of the Small Business Administration (SBA). During her testimony before the Senate Committee on Small Business and Entrepreneurship, Carranza listed a number of priorities she will bring to her role at SBA. Below are notable priorities that may impact small businesses and/or government contractors.

    Provide Better Resources to Small Businesses in Disadvantaged Communities

    Carranza mentioned that connecting small businesses from disadvantaged communities with SBA support services is the key to helping them win profitable government contracts. Some disadvantaged businesses she noted in particular were African-American or Latino-owned businesses, as well as veteran-owned companies.

    She stated that her recent stint as U.S. Treasurer gave her experience in assisting disadvantaged communities. Most notably, she served as an advisor to U.S. Treasury Secretary Steven Mnuchin, helping with the implementation of the “opportunity zones” program created by the Tax Cuts and Jobs Act of 2017 to encourage investment in economically distressed communities.

    Help Grow Women-Owned Small Businesses

    Prior to becoming SBA’s Deputy Administrator in 2006, Ms. Carranza was the Vice President of Air Operations of UPS, making her the highest-ranked Latina in the company’s history. Among other things, she credits guidance and advocacy she received from others as the cause of her business success, and she believes that SBA should provide more professional support to women-owned small businesses to keep up with the rise in women entrepreneurship. SBA has invested more in women-owned businesses recently—lending over $1.5 billion to women-owned businesses through the 504 loan program in Fiscal Year 2019. Carranza noted during her testimony that, as SBA’s Deputy Administrator, she “worked to elevate women-owned businesses,” and she hopes to continue doing so as SBA’s Administrator.

    Prioritize Disaster Relief

    During Carranza’s tenure as SBA’s Deputy Administrator, the agency processed thousands of disaster recovery loans in the wake of Hurricane Katrina. She noted during her confirmation hearing that, when small businesses are destroyed, it harms the economy and the government. With that in mind, she recommends structuring the disaster loan program to operate “at peak efficiency,” so small business government contractors can quickly recover after being affected by natural disasters. For Administrator Carranza, that means “ensuring inter-agency coordination and cooperation” to better distribute resources when disaster strikes.

    This article was originally published on January 7th source: JDSUPRA

  • 01/15/2020 5:25 PM | TLC Team (Administrator)
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