by Giuseppina Tumminello and Hugo Hernandez
In the spirit of Thanksgiving, more and more Americans are recognizing the contributions of Hispanic immigrants as the new pilgrims in America.
People in United States realize that they should express thanks for the Hispanics they share their country with, specially because Hispanics are a tremendous asset to the United States, even in times of recession.
In other hand, despite the importance and prowess of Hispanics in the United States, they are often alienated by the US media and States such as Arizona or Georgia.
Hispanics are the largest ethnic minority and fastest growing minority in the United States, comprising 15.8 percent of the population in 2009.
Hispanic consumers dispense a large amount of their disposable income into the United States compound annual growth rate (CAGR).In the past decade, the Hispanic CAGR has increased 6.96 percent, which is over double the total U.S. rate of 2.8 percent. It was $870 billion in 2008 and is expected to grow to nearly $1.4 trillion by 2013 according to Jeffrey M. Humphreys of the Selig Center for Economic Growth at The University of Georgia.
The cumulative net worth of the U.S. Hispanic population grew an impressive 111.1 percent from 1996 to $945 billion in 2006. By 2015, income-producing Hispanic households in the United States will comprise 13.8 percent of the population.
As the fastest growing minority, Hispanics are set to add a large labor force to the United States as well. During 1980 until 2006, the United States labor force increased 41.65 percent with 44.6 million workers and Hispanics contributed 14.5 million of those workers or nearly one-third.
Hispanics accounted for 79.2 percent of overall growth in “construction and extraction occupations” and 26.5 percent of the growth in “management, business and financial operation occupations” from 2000 to 2006. Other major industries Hispanics work in include: manufacturing; wholesale and retail trade, transportation and warehousing; finance, insurance, real estate and rental and leasing; business services; educational, health and social services; arts, entertainment, recreation, accommodations and food services.
Dan Vargas, President of Vargas and Amigos explains that, “there are acres of diamonds in your backyard. These diamonds are being ignored by many companies that are afraid to enter into the Hispanic market for fear that they don't know how to reach them or uncertainty if about how to communicate."
Additionally, Hispanics tend to invest more into their own business and are among the fastest-growing business sectors in the nation. Hispanic business grew 273 percent in number between 1987 and 2002 to 1.6 million firms.
Hispanic-owned businesses generated $345.2 billion in sales in 2007 and the number of Hispanic-owned businesses with receipts of $1 million or more has increased 51.6%.Additionally, Hispanics tend to invest more into their own business and are among the fastest-growing business sectors in the nation.
Hispanic business grew 273 percent in number between 1987 and 2002 to 1.6 million firms. It is estimated this number reached 3 million in 2008 with business receipts of $389 billion.
Other estimates portray Hispanic-owned business to grow 41.8 percent in six years reaching 4.3 million firms and total revenue of more than $539 billion by 2012.
According to U.S. Census Bureau latest report, Hispanic entrepreneurs create 35,000 new businesses each month. Even so, a recent study presented by the Small Business Administration (S.B.A.) found that the average educational level of immigrant business owners is high school level.
However, more Hispanic enterpreneurs are finding business advice online, particularly on a business portal called El Club de Comerciantes, which can be translated as the "Merchants Club" in English. At this portal, Hispanics are learning topics such as business management and best practices.
In addition to the online training, El Club de Comerciantes offers preferential discounts on services such as credit card processing, life insurance, finance planning, and cost-effective promotions on websites and events.Hugo Hernandez, the president of El Club de Comerciantes comments that, "we want to bring more services and discounts, and we see great potential to create more partnerships. We want to explore alliances with reliable organizations that can bring value and discounted services to our members. We are looking for suppliers that offer basic utilities from internet access, IT solutions, payroll processing and marketing."
In addition Mr Hernandez adds: "We have working at creating a very strong online directory that will help Hispanic businesses improve their purchasing processes by accessing the largest database of reliable US and Latin America suppliers."
Hispanics business buying online is another trend in US economy. Recent forecasts are revealing that Hispanic small businesses are moving away from trusted providers and are starting to feel more comfortable buying from online vendors that are selling everything to this minority group, from hardware and software to insurance, everyday supplies and specialized equipment.
El Club de Comerciantes understands this trends and its portfolio of promotional services keeps growing. Clients are offered educational articles and webinars, website translations, and showcasing of products and services at el El Club de Comerciantes business portal.
El Club de Comerciantes also helps clients find business with visibility on blogs and social media sites, as well as by using Search Engine Optimization. Mr. Hernandez adds, "we see an untapped niche for US companies to sell online to Hispanic businesses, and we keep track of how our clients keep reaching more qualified buyers online. " The number of Hispanic-owned businesses with receipts of $1 million or more has increased 51.6% and that is a good reason to be thankfull.
About El Club de Comerciantes El Club de Comerciantes has been helping companies to profit in the Hispanic community and Latin America. El Club de Comerciantes is a business organization that connects suppliers with Hispanic small business in the U.S. and Latin America.For further details you can write to: crece@elclubdecomerciantes.com or visit their Web site: http://www.elclubdecomerciantes.com/
About Giuseppina Tumminello Giuseppina is a Public Relations professional who is an expert providing solutions for Small businesses from event marketing to multicultural communication. You can contact Giuseppina for all of your promotional and communication project needs by email at: giuset21@gmail.com
In the spirit of Thanksgiving, more and more Americans are recognizing the contributions of Hispanic immigrants as the new pilgrims in America.
People in United States realize that they should express thanks for the Hispanics they share their country with, specially because Hispanics are a tremendous asset to the United States, even in times of recession.
In other hand, despite the importance and prowess of Hispanics in the United States, they are often alienated by the US media and States such as Arizona or Georgia.
Hispanics are the largest ethnic minority and fastest growing minority in the United States, comprising 15.8 percent of the population in 2009.
Hispanic consumers dispense a large amount of their disposable income into the United States compound annual growth rate (CAGR).In the past decade, the Hispanic CAGR has increased 6.96 percent, which is over double the total U.S. rate of 2.8 percent. It was $870 billion in 2008 and is expected to grow to nearly $1.4 trillion by 2013 according to Jeffrey M. Humphreys of the Selig Center for Economic Growth at The University of Georgia.
The cumulative net worth of the U.S. Hispanic population grew an impressive 111.1 percent from 1996 to $945 billion in 2006. By 2015, income-producing Hispanic households in the United States will comprise 13.8 percent of the population.
As the fastest growing minority, Hispanics are set to add a large labor force to the United States as well. During 1980 until 2006, the United States labor force increased 41.65 percent with 44.6 million workers and Hispanics contributed 14.5 million of those workers or nearly one-third.
Hispanics accounted for 79.2 percent of overall growth in “construction and extraction occupations” and 26.5 percent of the growth in “management, business and financial operation occupations” from 2000 to 2006. Other major industries Hispanics work in include: manufacturing; wholesale and retail trade, transportation and warehousing; finance, insurance, real estate and rental and leasing; business services; educational, health and social services; arts, entertainment, recreation, accommodations and food services.
Dan Vargas, President of Vargas and Amigos explains that, “there are acres of diamonds in your backyard. These diamonds are being ignored by many companies that are afraid to enter into the Hispanic market for fear that they don't know how to reach them or uncertainty if about how to communicate."
Additionally, Hispanics tend to invest more into their own business and are among the fastest-growing business sectors in the nation. Hispanic business grew 273 percent in number between 1987 and 2002 to 1.6 million firms.
Hispanic-owned businesses generated $345.2 billion in sales in 2007 and the number of Hispanic-owned businesses with receipts of $1 million or more has increased 51.6%.Additionally, Hispanics tend to invest more into their own business and are among the fastest-growing business sectors in the nation.
Hispanic business grew 273 percent in number between 1987 and 2002 to 1.6 million firms. It is estimated this number reached 3 million in 2008 with business receipts of $389 billion.
Other estimates portray Hispanic-owned business to grow 41.8 percent in six years reaching 4.3 million firms and total revenue of more than $539 billion by 2012.
According to U.S. Census Bureau latest report, Hispanic entrepreneurs create 35,000 new businesses each month. Even so, a recent study presented by the Small Business Administration (S.B.A.) found that the average educational level of immigrant business owners is high school level.
However, more Hispanic enterpreneurs are finding business advice online, particularly on a business portal called El Club de Comerciantes, which can be translated as the "Merchants Club" in English. At this portal, Hispanics are learning topics such as business management and best practices.
In addition to the online training, El Club de Comerciantes offers preferential discounts on services such as credit card processing, life insurance, finance planning, and cost-effective promotions on websites and events.Hugo Hernandez, the president of El Club de Comerciantes comments that, "we want to bring more services and discounts, and we see great potential to create more partnerships. We want to explore alliances with reliable organizations that can bring value and discounted services to our members. We are looking for suppliers that offer basic utilities from internet access, IT solutions, payroll processing and marketing."
In addition Mr Hernandez adds: "We have working at creating a very strong online directory that will help Hispanic businesses improve their purchasing processes by accessing the largest database of reliable US and Latin America suppliers."
Hispanics business buying online is another trend in US economy. Recent forecasts are revealing that Hispanic small businesses are moving away from trusted providers and are starting to feel more comfortable buying from online vendors that are selling everything to this minority group, from hardware and software to insurance, everyday supplies and specialized equipment.
El Club de Comerciantes understands this trends and its portfolio of promotional services keeps growing. Clients are offered educational articles and webinars, website translations, and showcasing of products and services at el El Club de Comerciantes business portal.
El Club de Comerciantes also helps clients find business with visibility on blogs and social media sites, as well as by using Search Engine Optimization. Mr. Hernandez adds, "we see an untapped niche for US companies to sell online to Hispanic businesses, and we keep track of how our clients keep reaching more qualified buyers online. " The number of Hispanic-owned businesses with receipts of $1 million or more has increased 51.6% and that is a good reason to be thankfull.
About El Club de Comerciantes El Club de Comerciantes has been helping companies to profit in the Hispanic community and Latin America. El Club de Comerciantes is a business organization that connects suppliers with Hispanic small business in the U.S. and Latin America.For further details you can write to: crece@elclubdecomerciantes.com or visit their Web site: http://www.elclubdecomerciantes.com/
About Giuseppina Tumminello Giuseppina is a Public Relations professional who is an expert providing solutions for Small businesses from event marketing to multicultural communication. You can contact Giuseppina for all of your promotional and communication project needs by email at: giuset21@gmail.com
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