Business + Did You Know Hispanic y Latino News & Info (Noticias)
October 7, 2009
Young Latino adults in the United States are more likely to be in school or the work force now than their counterparts were in previous generations. In 1970, 77% of Hispanics ages 16 to 25 were either working, going to school or serving in the military; by 2007, 86% of Latinos in this coming-of-age group were taking part in these skill-building endeavors
September 7, 2009
Hispanic women make up only 1.3% of all lawyers in the United States. That is the lowest representation of any racial or ethnic group (overall and within their own gender) as compared to their overall presence in the nation – Latinas make up over 7% of the country’s population
June 26, 2009
“The majority of the US Hispanic population is bilingual, and they decide where and when to speak English and Spanish,” says Ms. Phillips. “Marketers should execute campaigns and offerings in both languages,” explains Ms. Phillips. “The efforts will not go unnoticed, as English-dominant speakers will still see and appreciate messages targeted to them in Spanish, and Spanish-dominant speakers will know the advertiser is serious about addressing them.”
June 24, 2009
“Even under the low immigration assumptions, minorities will fuel 73 percent of household growth in 2010-20, with Hispanics leading the way at 36 percent,” researchers found.
June 23, 2009
The Estefans wouldn’t be the NFL’s first Hispanic owners. E. Javier Loya, CEO of CHOICE! Energy, is a Houston Texans limited partner.
June 16, 2009
Hispanic Businesses in Baltimore – A Fact Sheet
70 Percent of Hispanics Over 50 Are Still Working
April 13, 2009
Hispanic spending growing in Carolinas – Hispanics are currently the second biggest spenders in North Carolina, accounting for 9.4% of total buying dollars.
December 15, 2008
Did You Know? Two of every five first-time home buyers in the Tampa Bay area will be Hispanic within the next 20 years
December 3, 2008
If you’re getting ready to start a business or have one that already exists, you might want to consider the fact that by the year 2010, Hispanics will make up one-third of the U.S. buying market.
November 18, 2008
Did You Know? The 95 million Black, Hispanic and Asian consumers living in the U.S equal the 12th most populous country in the world
October 27, 2008
Did You Know? Hispanic immigrants contribute $842 more per resident to local revenues than they receive in local expenditures, according to the study. Latino immigrants have long settled in Long Island, but since 2000, Hispanics, especially from Central America, have made up more than one-half of the immigrants arriving there.
September 18, 2008
The sale of tortillas is poised to outpace the sale of sandwich bread for the first time in United States history with sales crossing the $6 billion dollar mark
September 8, 2008
Argentina’s 2001 default and 2005 restructuring cost bondholders, taxpayers, and investors worldwide an estimated $155 billion.
August 10, 2008
Diez estados de la región del medio oeste tienen mil cien vuelos en promedio al mes que hacen alguna conexión con México
August 5, 2008
Did You Know? The roughly 5% of US Hispanic ad spending that goes to the Web is even smaller than online’s portion of overall US ad spending, which reached 7.4% in 2007.
August 4, 2008
In the Chicago area, fewer than 5% of Hispanic men are in management, business or finance, compared with 16% of non-Hispanic men, according to another recent study, which found a similar gap for Hispanic women.
July 17, 2008
Did You Know? The Bureau of Labor Statistics estimated last year that more than 17% of the nation’s 3.4 million truck drivers were Hispanic, as were more than 11% of its 578,000 bus drivers
July 16, 2008
Did You Know? The Hispanic teen market has become significant, projected to approach 3 million subscribers by 2012.
June 26, 2008
Did You Know? Sol Trujillo CEO of Telstra is one of the chairmen of John McCain’s National Hispanic Advisory Board
June 19, 2008
Did You Know? Hispanic Boomers say they will spend an average of about $2,700 on household items in the next 12 months, about 25% more than General Market Boomers.
June 16, 2008
Did You Know? Raul Alarcon Sr. was a communications pioneer in Cuba, he founded his first radio station on the island in the early 1950s. When he came to the U.S. in 1960, he left behind a network of 14 stations that had been seized by Fidel Castro’s government.
June 9, 2008
Did You Know? Internet ads may not influence the purchase, but they do drive consumers to the brand. Twenty-one percent of Hispanics ages 50 and older looked at Internet ads during the previous seven days prior to participating in the survey, compared with 15% of non-Hispanics the same age.
June 5, 2008
Did You Know? The unemployment rate for Hispanic immigrants was 7.5 percent during the first months of this year, compared with 6.9 percent among native-born Hispanics. During the same period in 2007, the rates were 5.5 percent and 6.7 percent, respectively.
June 2, 2008
Did You Know? For every $1 that white American families save, a black or Latino family, on average, is only able to set aside 18 cents. The mortgage meltdown is having a devastating effect all across, but especially for people of color. It might strip as much as $213 billion in assets from black and Latino households, according to a recent study by the nonprofit group United for a Fair Economy.
May 28, 2008
Did You Know? As a whole, Hispanic households are the least ready for the transition (to digital TV). As a result, the effect of unready households on total viewing is more likely to affect Hispanic networks than Anglo networks. Viewing to unready sets accounts for 17 percent of prime-time viewing to English-language broadcast networks and 26.8 percent to Spanish-language broadcast networks.
May 13, 2008
Did You Know? Unemployment among Hispanics rose 1.4 percentage points to 6.9 percent from April 2007 to April this year
April 25, 2008
Did You Know? A study last year by the Hispanic Institute, found that on average, prepaid calling cards deliver 60% of the minutes they advertise. The Federal Trade Commission estimates that annually the industry sells $4 billion in calling cards.
Did You Know? 2.2 Million Hispanic-Owned Firms Estimated to Generate Almost $400B
April 24, 2008
Did You Know? Jorge Pérez is chairman and chief executive officer of The Related Group, the largest Hispanic-owned business in the U.S. and the country’s largest multi-family real estate development firm.
April 14, 2008
Did You Know? After dozens of interviews, the (Las Vegas) Sun concluded in an April 6 story that 60 percent to 80 percent of the Las Vegas Valley’s residential construction workers are illegal immigrants. Tens of thousands of these immigrants who have lost construction jobs are no longer feeding money into the economy. Many are leaving Las Vegas.
March 24, 2008
Did You Know? Dallas has some of the highest rates of foreclosures in the country, and Texas is among the states with the highest share of subprime loans, according to the Consumer Federation of America. A good chunk of those loans in Dallas — about 22% — were made to Latinos.
Did You Know? Goya sells 1,600 products ranging from bags of rice to ready-to-eat, frozen empanadas, up from 1,100 five years ago. The mix includes 38 varieties of beans alone, including the “powerhouse” frijoles negros favored by Cubans and the recently added mayacobas favored by Peruvians
March 18, 2008
Did You Know? From 2000 to 2002 alone, annual growth for the tortilla industry expanded nine percent, with U.S. tortilla industry sales reaching $5.2 billion.
March 6, 2008
Did You Know? Hispanic moviegoers made up the fastest rising demographic; they saw an average of 11 movies a year, compared with eight in 2006
February 26, 2008
Did You Know? Virginia’s median household income ($55,500 in 2006) exceeds that for Hispanic immigrants ($48,300), and is lower than that for Hispanic citizens ($62,800)
Did You Know? A study of top executives at 60 major marketers found widespread confusion about multicultural marketing. Conducted for executive search firm Heidrick & Struggles, the study found that while 84% of execs said they believe multicultural marketing is “critical” to business, 40% said they couldn’t quantify the financial value of multicultural consumers for their own businesses.
February 19, 2008
Did You Know? In 1990, about one in 10 construction workers in the U.S. was Hispanic. By 2005, the rate was nearly one in four; and in 2006, it was two in three, according to the Pew Hispanic Center
January 31, 2008
Did You Know? The giant money-transfer company Western Union also felt the punch, reporting its revenue from wire transactions to Mexico decreased 5 percent in the first nine months of 2007.
January 29, 2008
Did You Know? $4.8 billion is the estimated Hispanic buying power in Indiana.
January 28, 2008
Did You Know? Between 8 percent and 9 percent of the Texas workforce is estimated to be in the country illegally, according to an analysis of 2005 U.S. Census data by the nonpartisan Pew Hispanic Center
January 7, 2008
Did You Know? When asked if there is a particular segment of diverse workers they plan to target more aggressively in 2008, employers pointed to Hispanic workers, women, African American workers and mature workers. Almost half of employers said, in addition to English, Spanish is the most important language for bilingual hiring.
January 2, 2008
Hispanic-Owned Businesses: Growth Projections to 2012 – Market Research Reports – (New report for purchase) – Did You Know? Hispanic-owned firms in the United States expected to grow 55 percent to 3.2 million
October 17, 2007
Did You Know? A Latino runs AMD – Hector Ruiz is chairman and chief executive officer of Advanced Micro Devices, Inc.
September 27, 2007
Did You Know? The number of Santa Clara County businesses owned by Hispanic woman has increased more than 200% over the last 20 years. – California
September 19, 2007
Did You Know? In 2006, AT&T contributed more than $9.3 million to Hispanic organizations including: the Hispanic Association of Colleges and Universities, Hispanic Leadership Development Foundation, The Latino Institute, Inc., Project Amiga, International Hispanic Cultural Institute, Mexican Fine Arts Center Museum, and the National Latina Business Women Association.
September 16, 2007
Did You Know?The term “Hispanomics” was coined in the mid-1980s. It referred to the anticipated growth of the Hispanic population and the corresponding significance the Latino community would have on our local, state, regional and national economies. The author of the term was Feliz Galaviz, a remarkable man who has done a great deal for the Hispanic community through his work in higher education.
Did You Know? The U.S. economy – particular California’s – is intertwined with Mexico’s. Mexico is California’s No. 1 export market – 15 percent of exports worth $19.6 billion last year, up from $17.7 billion in 2005
September 12, 2007
Did You Know? Two thirds of Chilean workers earn less than 480 US dollars
Did You Know? The median earnings of an Anglo working full time is $31,769; for Hispanics the figure is $21,119. But the gender gap is more pronounced for Anglos ”” women make 76 cents compared to each dollar for men ”” versus the 88 cents on each dollar for Hispanic women versus their male counterparts. – Arizona
September 11, 2007
Did You Know? An estimated 44.3 million Hispanics live in the United States, making up 15% of the U.S. population. But, according to the NSF report, only 3.2% of the science workforce is Hispanic.
September 10, 2007
Did You Know? Latino-American women earn 42 percent less than men
Did You Know? By 2010, Latinos in the United States will have a cumulative purchasing power bigger than the economies of Canada or Mexico
August 29, 2007
Did You Know? The Mexican central bank estimates that money transfers into the country have risen 0.6% so far this year, compared with a robust 15% increase last year and 21% the year prior
August 22, 2007
Did You Know? “Eighty percent of our food source is picked by someone with a questionable document,” said Rochester filmmaker Angelo Mancuso, who has made a documentary on migrant workers in America.
August 21, 2007
Did You Know? Though dropping, Latinos still account for a third of people making less than $8.50 an hour.
August 20, 2007
Did You Know? California Hispanic Chamber of Commerce represents more than 600,000 Hispanic-owned businesses in California
August 13, 2007
Did You Know? Between 2006 and 2011 Hispanic buying power is projected to grow a formidable 48%, to almost $1.2 trillion, according to data from The University of Georgia’s Selig Center for Economic Growth.
Did You Know? Arizona’s Hispanic residents will have more than $28 billion to spend this year on everything from burritos to back-to-school backpacks
Did You Know? Referring to the new immigration enforcement rules that Bush announced – “In certain industries and in certain states, there will be a very significant impact on the functioning of businesses or entire sectors,” said Deborah Meyers, a senior policy analyst at the Migration Policy Institute, a nonpartisan think tank. “Some employers are going to find themselves having to fire significant portions of their workforces, and I think there will be employees — some who are authorized and some who are not — who will find themselves out of a job.”
August 10, 2007
Did You Know? Although the overall occupational fatality rate in 2006 declined about 1 percent from the previous years rates, 937 Latino workers died last year, up from 923 in 2005.
August 9, 2007
Did You Know? 82% of Mexicans and 84% of Central Americans said they found it more difficult to obtain good-paying jobs than they did a year ago. 45% blamed the increased difficulty on problems with documentation and 21% blamed a lack of jobs.
Did You Know? A sharp decline in remittances ”” came among Mexicans living in states where they have settled in large numbers only recently, like Georgia, North Carolina and Pennsylvania. In those states, the percentage of Mexicans sending money home fell to 56 percent from January to June, from 80 percent in 2006.
July 31, 2007
Did You Know? Foreign-born Latinos now comprise nearly three-quarters of Ohio’s nursery-industry work force, with most workers earning less than $10 an hour
Did You Know? Phoenix the countrys second-fastest-growing Hispanic market
Did You Know? Georgia ranks fourth among fast-growing Hispanic markets, behind Arkansas, North Carolina and Tennessee.
Did You Know? The Hispanic market in Georgia will grow from $860 billion now to $1.2 trillion in five years
July 24, 2007
Did You Know? According to the Selig Center for Economic Growth, the African American and Hispanic consumer markets are larger than the entire economies of all but nine countries in the world
July 11, 2007
Did You Know? In 2006 two thirds of all new construction jobs were filled by workers of Hispanic descent, many of whom are Spanish-dominant or bilingual
June 26, 2007
Did You Know? Puerto Rico’s Pharmaceuticals & Healthcare Markets Total Value Is Expected to Reach US$2.01Bn by Year-End 2010
June 25, 2007
Did You Know? Hispanic women held just 0.8 percent of all Fortune 500 seats in 2006
Did You Know? Hispanics held just 3.1 percent of all Fortune 500 board seats in 2006.
June 24, 2007
Did You Know? Up to half of the businesses on the Treasure Coast of Florida are either Hispanic-owned or employ Hispanics
June 18, 2007
Did You Know? After two years of declines, the median weekly earnings for Latino workers rose from $423 in the second quarter of 2005 to $431 in the second quarter of 2006
June 13, 2007
Did You Know? Half of West Coast-focused Mervyns’ customers are Latino
April 29, 2007
Did You Know? About 25 percent of total US gross domestic product is generated on former Mexican territory.
April 26, 2007
Did You Know? After increasing an average of just over 23% a year since 2000, remittances for the first two months of 2007 were just 5.5% ahead of the same period last year, according to Mexicos central bank
April 3, 2007
Did You Know? Smucker’s officials said Hispanic households typically use 50 times the amount of canned milk that Caucasian households use
March 20, 2007
Did You Know? Michelle Erwin, marketing communications manager for Nissan, says 16% of Nissan buyers are Latino
March 12, 2007
Did You Know? The median hourly wage of a black or Hispanic woman in Wisconsin averages 31 percent less than white women and nearly 73 percent less than the average wage of a white man.
March 7, 2007
Did You Know? $96.5 billion in sales and receipts for firms owned by people of Mexican origin in 2002.
March 5, 2007
Did You Know? There are over 11,000 Hispanic owned businesses in Pennsylvania, creating over 10,000 jobs and generating over $1 billion in sales.
February 15, 2007
Did You Know? Of immigrants interviewed by Mexico’s central bank, 70 percent said they had U.S. bank accounts.
February 13, 2007
Did You Know? Between 2003 and 2005, the number of Hispanics injured across all occupations rose to 8,760 from 5,510, a 59 percent increase in Arizona
February 6, 2007
Did You Know? New York City has more Hispanic-owned businesses””close to 130,000””than any other city in the U.S.
January 18, 2007
Did You Know? The Hispanic population represents some $5 billion in spending power in Utah alone
January 17, 2007
Did You Know? Between 1990 to 2006, the buying power of North Carolina’s Hispanics increased 1,042 percent
January 4, 2007
Did You Know? Latin music sales exceeded 37 million units, breaking the previous sales peak of 35 million in 2005. Latin album sales grew 5% from 2005.
December 14, 2006
Did You Know? In Richmond, California 61.4 percent of home loans made to Hispanic borrowers were higher-cost loans.
December 7, 2006
Did You Know? Idearc is the largest publisher of Hispanic directories in the United States
December 6, 2006
Did You Know? Dominicans own more than 400 supermarkets in New York City, with total annual sales of $2 billion
December 5, 2006
Did You Know? The Latin food market was worth $18 billion in 2005, according to Packaged Facts, a marketing research firm
Did You Know? Components of Latin food cooking like tortillas, tortilla chips, tostadas and taco shells were a $6.1 billion industry last year, according to the Tortilla Industry Association
Did You Know? Companies leading the pack in Hispanic marketing investment and shareholder value include: AutoZone, Kellogg, Anheuser-Busch, Colgate-Palmolive, PepsiCo, TJ Maxx, Radio Shack and Procter & Gamble.
November 29, 2006
Did You Know? The Latino market could generate $200 billion in banking business by 2015
November 9, 2006
Did You Know? So far this year 44 percent of the homes sold in Riverside and San Bernardino counties have gone to buyers with Spanish surnames, up from 23 percent in 2000 – California
November 6, 2006
Did You Know? Labor department inspector general Drew Durham said if a company finds out after a few weeks that an employee is undocumented, the company should file a report of the hours and wages worked. The Internal Revenue Service provides employers a number to use in tax filings instead of the worker’s false Social Security number.
October 26, 2006
Hispanic customers pay their bills at a much higher rate than the general market does
October 25, 2006
Hospitals can seek some financial relief through a $1 billion federal program that offers reimbursement for emergency room costs associated with undocumented immigrants
October 17, 2006
Did You Know? There were 35,104 Hispanic-owned businesses in Arizona in 2002, up from 28,894 in 1997
Did You Know? The foodservice market for Latin foods was worth $18 billion in 2005
October 12, 2006
Did You Know? Trade between California and Mexico accounted for $16.2 billion in exports and $24.2 billion in imports through the state’s three customs districts in 2005
October 11, 2006
Did You Know? The purchasing power of Hispanic households in Arizona is $24 billion
October 9, 2006
Did You Know? Hispanic spend approximately $300 million a year on quinceaneras (in the US)
October 4, 2006
Did You Know? Hispanic businesses add $2.3 billion annually to the economy in Greater Cincinnati and Northern Kentucky
September 28, 2006
Did You Know? Business revenues from Hispanics in Charlotte are estimated to be $2 billion, while in Asheville the estimate is $219 million – North Carolina
September 27, 2006
Did You Know? In California, for example, 99 percent of agriculture workers are of Mexican origin, Campos said, adding that the wine industry would collapse without their labor.
Did You Know? “without Latino kitchen workers, this entire industry will shut down cold” – Anthony Bourdain speaking of the restaurant industry
September 26, 2006
Did You Know? Latina business owners in Arizona earn slightly more than half the annual revenue of their male counterparts.
September 13, 2006
Did You Know? The buying power for Latinos in the state of Georgia was $11 billion in 2002 but is projected to jump to over $25 billion in 2007
September 12, 2006
Did You Know? Sales from Latino-owned business in Illinois doubled between 1997 and 2002 to $7.4 billion
September 7, 2006
Did You Know? By 2008 Hispanic-owned firms are expected to be generating $547 billion in revenues
Did You Know? Over the next 10 years, Hispanic-owned businesses will be the fastest growing component of the business end-user market in the United States – their rate of growth is expected to be in the 8 percent range- almost three times the rate of overall U.S. firms
August 23, 2006
Did You Know? 24 million Mexicans legally visit Arizona every year as tourists, leaving behind $1 billion in spending
