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Summer Program Aims to Provide Non-Business Majors with the Business Essentials Needed To Succeed in a Global Economy

WASHINGTON, DC – The Congressional Hispanic Leadership Institute (CHLI) invites qualified Hispanic university students and recent graduates of arts and social sciences colleges, to apply for the CHLI-Tuck Business Bridge Program in Hanover, New Hampshire.

The Tuck Business Bridge Program is designed for non-business majors and is open to sophomores, juniors, seniors, and recent graduates. Students who are selected to the program will participate in a four-week career focused fast track to mastery of business essentials at the Tuck School of Business at Dartmouth. The rigorous integrated curriculum includes: Read the rest of this entry »

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as posted by LatinoInternetJustice:

by Jorge Bauermeister

As reported by TRDaily, FCC Chairman Genachowski addressed one specific issue as “particular concern” for minorities during the Minority Media and Telecom Council’s Broadband and Social Justice Policy Summit – that issue being spectrum.  Having also listened to the Chairman’s remarks at MMTC – I believe that this is certainly a worthwhile issue to highlight.

Here are the points outlined by TRDaily that I agree are important – and of which the Chairman honed in on during his speech:

  • The FCC is committed to making more spectrum available for wireless broadband services, calling the issue “a particular concern for minority communities” because wireless devices “have become the primary means for accessing the Internet” for many African Americans and Latinos.
  • According to Chairman Genachowski, broadband Internet access is “no longer a luxury” but is instead “a necessity for full participation in our 21st century economy.”

I am hopeful that the Commission will take greater care and time to assess important issues like spectrum since it is this very issue that serves as a building block for expanding and growing America’s wireless infrastructure and connecting minority users to this life altering service.  For Hispanics, whose use of mobile broadband devices are often times the primary means for accessing the Internet – the spectrum issue is that much more important since it is a critical component for enabling providers to deliver reliable and quality services to allconsumers.  Talks on this issue are now beginning to heat up in Washington, DC – only time will tell what side of the aisle the FCC will land on.

While so many in Congress and the White House seem entirely concerned about providing large loans to large, existing businesses for their development and expansion needs, we too often forget about businesses that historically produce the greatest number of jobs in the shortest amount of time:  small businesses.

The following article discusses the Micro Loan program of the SBA.  Keep in mind also, that, after a recent partnership with Accion, The National Puerto Rican Chamber of Commerce is now one of these lenders and can help small (to VERY small) businesses to obtain one of these loans.  Just give us a call . . .

posted at ChamberofCommerce.com:

What You Need to Know About Micro Loans

The most tangible example of the micro loan exists in the United States, but did not originate in America. Originally conceived as a way to combat poverty, economist Muhammad Yunus received the 2006 Nobel Peace Prize for originally devising the program to benefit the Bangladesh poor.

Now the concept is used widely by the Small Business Administration to benefit small businesses and entrepreneurs in the purchase of improvements, inventory and equipment. These loans also provide working capital to launch small businesses. Read the rest of this entry »

Por Julia Cortazar, Policy Analyst

¿Qué pasará con los pequeños empresarios del turismo en Puerto Rico en los próximos 10 años? Si te preguntas cuál será su futuro, entonces aquí te dejamos algunos puntos para que imagines hacia donde podría dirigirse el negocio.

En los últimos años la actividad económica del turismo se ha convertido en una de las que más ha crecido alrededor del mundo y lo que está sucediendo en Puerto Rico puede confirmarlo. Se estima que la economía del turismo genera cerca de $1,100 millones, sostiene alrededor de 60,000 empleos directos e indirectos y tiene una aportación aproximada al Producto Nacional Bruto (PBN) que sobrepasa el 7%. Además, la relevancia que está ganado el Turismo Sustentable, entendido como la actividad que contribuye a generar ingresos y empleos en el sector turístico para la población con un bajo impacto sobre el medio ambiente y la cultura local, al interior del sector. Por lo que el tamaño y la competitividad que la actividad del turismo está adquiriendo aumentan la confianza en ella como motor de crecimiento de la economía puertorriqueña.

Entonces, ¿Cómo pueden los pequeños empresarios beneficiarse con estos datos tan esperanzadores? Observemos el caso de los empresarios dueños de Paradores. Read the rest of this entry »

by Juan Pablo Giometti:

Broadband is a medium that business owners are using to enhance productivity, expand markets, and attract new customers. This tool is of particular value to Hispanics, who are increasingly using it to launch small businesses and pursue other economic activities. According to the U.S. Census Bureau, minority-owned firms are growing four times faster than all U.S. firms and accounted for over half of the two million businesses started in the U.S. in the past decade. These trends are incredible and a testament to the entrepreneurial spirit inherent in all Hispanics. Equally as important, these new ventures are critical sources of new jobs. Small businesses represent 99.7 percent of all employers in the United States, employing half of the American labor force, and have produced between 60 and 80 percent of net new jobs in the economy over the past decade. Read the rest of this entry »

by Justin Velez-Hagan, National Executive Director

A recent survey by Harris Interactive entitled The Youth Entrepreneurship Survey 2010, has proven exactly what The National Puerto Rican Chamber of Commerce has known all along:  young people crave entrepreneurial education and experience.

According to the survey, 40 percent of young people would like to start a business someday (does not include those who want to be a doctor, lawyer, accountant, or other professional occupation).  But perhaps more revealing is the finding that more than half of those surveyed who know an entrepreneur are interested in owning or starting a business compared to less than one-third of those who have had no contact with an entrepreneur.

Although highly neglected in our educational system, entrepreneurship has one of the greatest impacts on our economy.  Read the rest of this entry »

A Call to Service

A few minutes ago we posted an article discussing the lack of leadership amongst Latinos in this country.  Well, there are certainly leaders among us; we are by no means distinct in that our culture is devoid of leadership potential.  But, for some reason we have had a difficult time bringing our leaders to the forefront.  Perhaps they have been trumped by leaders from other cultures, perhaps they have been held back due to socio-economic or other factors, or perhaps, and this is the big one, we ourselves are so rarely united that even natural leaders find it difficult to bring us together.

In a very short period of time, Latinos have become the largest minority in this country.  We are in fact, set to become the majority in the very near future.  With this prevalence comes responsibility.  In order to ensure our beliefs and cultural ties are represented in our governments, we need to develop leaders, and unite behind them.  I for one believe it will eventually come naturally, as real leaders will surface regardless of circumstance, however, if we can offer additional opportunities for leadership that will, in turn, provide experience and confidence, then we can aid in their development.   Read the rest of this entry »

That’s right!  Our official Press Release will be sent out this week, but we wanted to give you the head’s up that most of you have already seen on Facebook or on our Website.  Our entire mission is to promote economic development and entrepreneurship and that includes helping you with your business . . .

Our sponsors and our volunteers have been so good at supporting our mission that they we are now able to offer a FREE one-year membership, which includes all of the FREE services and advice that our members receive!   Read the rest of this entry »

By Marshall Kirby, Public Policy Analyst

November 16, 2010

Several weeks ago a leading group in New York City (Community Service Society of New York) focusing on alleviating poverty published some startling findings for all stakeholders in the city, and especially the Latino and Puerto Rican community.  The report was picked up by New York Times columnist Sam Dolnick and can be viewed here.

To sum up their findings, Puerto Rican youth living in the city are significantly more economically disadvantaged than Dominicans, Mexicans, and other minority groups.  How are they disadvantaged?  Young Puerto Rican men aged 16-24 are two times more likely to be out of school and out of the labor force as similar aged NYC Mexican men, and Puerto Rican women are also two times as likely to be out of school and the labor force as similar Dominican women.   Even more troubling, a higher percentage of Puerto Rican families are living below the poverty line than are other Latino groups in NYC.  It seems that with these statistics comes a perfect storm of problems for the Puerto Rican community – impoverished families along with undereducated and underemployed youth in the workforce. Read the rest of this entry »

Recently, we discussed the Census data that suggests Hispanic enterprises are growing more rapidly than non-minority businesses.  Although we laud the fact that the number of Hispanic and other minority-owned businesses have increased, a closer look at the Census numbers might reveal a lesser achievement.

As the author of the following article states in his conclusion:

When reports like this one are released, how the results are framed affects the response people have to them. By presenting the results as indicating that Black and women-owned businesses grew faster than White and men-owned ones, the Census Bureau gave the impression that these businesses are doing well and [there are] no problems that require policy makers’ attention.

However, although the numbers on the face might reveal the opposite, the truth is minority-owned businesses need even more attention in order to ensure their success (a goal of The National Puerto Rican Chamber of Commerce). 

The following article was posted at smallbiztrends.com: Read the rest of this entry »

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