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Latino-Owned Businesses May Be The U.S. Economy’s Best Bet

Photo credit: California-Mexico Studies Center

Photo credit: California-Mexico Studies Center

 

No sector promises to turn early-stage financing into GDP growth like Latino-owned businesses (LOBs).

They’re called LOBs for short, but they’re working on a fastball. Latino entrepreneurs are starting small businesses faster than the rest of the startup population and becoming a bigger part of the total U.S. market every day. Estimates are that they will make up 29 percent of the U.S. population by 2050, up from 17 percent today.

According to a study the Stanford Graduate School of Business, if those businesses grew as fast as the U.S. average, they could add $1.4 trillion to the U.S. economy.

That’s a tough number ...

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In Houston, Businesses Feel The Pinch As Undocumented Consumers Limit Spending

Houston shopping

Photo credit: Photo: Godofredo A. Vasquez, Houston Chronicle

Inside the PlazAmericas Mall in southwest Houston, where merchants sell baptism dresses, artisanal pottery and piñatas, the hallways are empty and bored employees pass the time on cellphones. The few shoppers remaining barely glance at vacant storefronts, omens of a new threat to business.

Toward the back of the complex, which has catered to immigrant customers since 2009, store owner Emilia Alvarez snipped the sleeves off a button-up men’s shirt she hasn’t sold in months. Last year, Alvarez could easily rack up $1,000 at E-Mily’s Boutique on any given Sunday. She had a loyal following among fellow immigrants who are living in

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Guatemalan Artisans Are Pushing to Remove 64,000 Fake Maya Products From Etsy

guatemalan blankets

Photo credit: Photo courtesy of Ethical Fashion Guatemala/Remezcla

In San Juan La Laguna – a town on the shore of Lago de Atitlán in Guatemala – the 20 or so Maya women who make up Casa Flor Ixcaco, a collective that produces organic fabrics, have seen their work misappropriated on several occasions. Plenty of business owners come into the group’s store, ask for a sample of the work, and promise to return to place a large order. But they never come back.

“What happens normally, and it’s happened to me, [is] people come here and ask for samples and [then they create their own products], but now they use chemical ...

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