Latin GP’s Post

The U.S. Hispanic community will have $113 trillion in wealth by 2050 and will comprise nearly 30 percent of the U.S. population with the US being the 4th largest Spanish speaking country in the world. Latin GP Investment Services and our team has been at the forefront of US Hispanic politics and US Hispanic community investing. There are 4 Latino Senators and 41 Latino Representatives in the US House of Representatives and Latinos are an increasingly important demographic in American politics and the US Hispanic community has a unique aspect of becoming a link between Mexican and Latin American and US investors and corporates. There are individual success stories such as Jennifer Lopez, singer-actress-producer powerhouse, Roberto Goizueta, an immigrant from Cuba who rose to become CEO of The Coca-Cola Company, Sonia Sotomayor, the first Hispanic-Latina Justice on the United States Supreme Court. While the Hispanic community is surpassing 20% of America and is expected to surpass 30 percent in under 30 years, only 2.7% of certified financial planners in the US (CFP) are Hispanic. There are 3.3 million Hispanic owned businesses in the US, and immigrants are risk takers, who are twice as likely to become entrepreneurs and a number of multi billion dollar US Hispanic owned enterprises such as The Related Group, Zumba, Todos Supermarkets, 3D Robotics and ProAmérica Bank are a testament to that.

Feliz día de la Independencia! 🎉 In my last post, I discussed the importance of understanding the passions and interests of the Hispanic community, especially if you're in financial services or looking to connect with this vibrant demographic. Building rapport and trust is essential. As I just celebrated and reflected on the importance of US Independence Day, it reminds me of another fantastic opportunity to connect with our Hispanic community: Many Latin American countries will celebrate their independence days in the coming months. 🌟 Let's celebrate together! 🎉 These upcoming celebrations can spark engaging conversations or provide a perfect reason to reconnect with clients/prospects you haven’t spoken to in a while, especially those who cherish their heritage. Here are some key dates to mark on your calendar: • Venezuela: July 5  • Argentina: July 9 • Colombia: July 20 • Peru: July 28 • Bolivia: August 6 • Ecuador: August 10 • Uruguay: August 25 Acknowledging these important dates shows respect and awareness of their culture, demonstrating that you genuinely care about their background and heritage. This simple gesture can significantly strengthen your professional relationships. 🤝 Here is another article with insights that you may or may not have heard, which could help you better understand the Hispanic community and their approach to saving for their future.  Global Atlantic Financial Group #financialplanningforlatinoclients

"While diversity and equity is critical, research shows that making the industry more diverse would also have an exponential benefit. The creation of more than 50,000 new Black and Hispanic-owned development companies would lead to nearly two million new jobs, and more than $100 billion in new business revenue." #realestatedevelopment #affordablehousing #communitydevelopment #diversity #equity #inclusion #LIHTC #NMTC #blackowned #latinoowned https://lnkd.in/eZTr6WWp.

Unlocking a $1.7 trillion market! That's the incredible purchasing power lying with the Hispanics and Latinos, as reported by Bloomberg. Yet, it remains an under-tapped potential in equity and financial sectors.📊 Often overlooked, this vibrant community experienced a whopping 20% wealth increase last year alone! Imagine the possibilities if we invest more in this growing sector. Let's change the narrative. Let's turn our attention to this burgeoning market. An opportunity to create a more inclusive financial landscape...will you join us on this mission? Read more: (The Latino Wealth Paradox: Latinos Are Richer, but They Invest Less) https://lnkd.in/eTxpihGh

Nearly 20% of the US population is of Hispanic heritage.* Meanwhile, only about 1.5% of technology startups have one Hispanic founder. As an American tech founder with Mexican roots, I’ve always kept this mismatch in the back of my mind. And I’ve always wondered: is there anything I can do — no matter how small — to inspire the next generation of Hispanic American entrepreneurs in technology? A few years ago, I started highlighting the Hispanic experience in the US during Hispanic Heritage Month (Sept 15th-Oct 15th). This year, I wanted to push harder to help elevate the personal stories from some truly inspirational leaders and visionaries. After discussing a few ideas with family and friends, I landed on the concept of an almanac —  a collection of personal stories, statistics and numbers, and tidbits of the collective wisdom from the US Hispanic founder community. I started interviewing founders about their backgrounds and gathering data via a short survey. What was their childhood like? Where did they grow up? What makes them tick? How much capital have they raised? It has been an incredible and inspiring experience to speak to founders who have faced adversity to pursue their dreams in technology. One was smuggled into this country in a secret compartment of a car, another worked in the fields to help their families make ends meet, another was an airplane mechanic to help their family buy their first home. In sharing these stories, I hope to help raise awareness of our community’s massive and growing impact — together, Hispanic founders have raised billions of dollars in capital, created tens of thousands of jobs in the US, and are reaching millions of consumers worldwide. In the coming weeks, I’ll be sharing some of these stories — we’ll also be publishing the Almanac. If you’d like to participate, please let me know. Or if you’re a Hispanic founder who hasn’t filled out the survey, please let me know and I will send you the link. See you soon! *The term Hispanic is fraught, but given that I’m going to speak about Hispanic Heritage Month, we’re going to stick with the term.

When people ask me why I started Minority Majority, I point to the undeniable: The significant yet often underrepresented contributions of the Latino community to the United States. A closer look at the data reveals the magnitude of this impact: - In 2021, the total economic output (GDP) of US Latinos reached $3.2 trillion, indicating our community's substantial contribution to the national economy. - If US Latinos were a standalone country, our GDP would rank as the 5th largest globally, illustrating the economic magnitude of our demographic. - From 2010 to 2020, Latinos were responsible for 73% of the growth in US labor force participation, highlighting our essential role in the workforce. - With the US facing its largest aging population, it's noteworthy that 25% of young Americans are Latinos, pointing towards a significant demographic shift. The purpose of Minority Majority is to bring these statistics and their implications to the forefront, fostering a deeper recognition of the Latino community's role in shaping the economic and cultural landscape of the US. My aim to create a platform, through creative storytelling, that not only celebrates Latino achievements but also encourages dialogue, understanding, and empowerment. So, if you'd like to stay informed on the business, culture, and impact of US Latinos make sure to give me a follow and subscribe to our newsletter! -- *Facts sourced from the 2023 LDC Fast Facts Report published by the Latino Donor Collaborative

Your 𝐋̲𝐀̲𝐓̲𝐈̲𝐍̲𝐈̲𝐃̲𝐀̲𝐃̲ is your 𝐒̲𝐔̲𝐏̲𝐄̲𝐑̲𝐏̲𝐎̲𝐖̲𝐄̲𝐑̲ 💪 ➡️ So embrace it! Did you know that Latinos in the United States 🇺🇸 possess a 𝗨̲𝗡̲𝗜̲𝗤̲𝗨̲𝗘̲ 𝗖̲𝗢̲𝗠̲𝗣̲𝗘̲𝗧̲𝗜̲𝗧̲𝗜̲𝗩̲𝗘̲ 𝗔̲𝗗̲𝗩̲𝗔̲𝗡̲𝗧̲𝗔̲𝗚̲𝗘̲ that sets us apart from other job seekers, and entrepreneurs? Especially across the different industries! I feel like as immigrants we bring something extra to the table, in addition to the mainstream; we bring with us a rich tapestry of culture, values, and a deeply ingrained focus on 𝗙̲𝗔̲𝗠̲𝗜̲𝗟̲𝗬̲ and 𝗖̲𝗢̲𝗠̲𝗠̲𝗨̲𝗡̲𝗜̲𝗧̲𝗬̲. These elements add a unique flavor to the spaces we occupy; they not only enrich the social fabric of America, but also fuel our successes in healthcare, technology, and business. Our comunidad approach to life makes STEM alot spicier, for sure! 🌶️💃 ➡️ Take 𝗛̲𝗘̲𝗔̲𝗟̲𝗧̲𝗛̲𝗖̲𝗔̲𝗥̲𝗘̲, for example ➡️ Latino immigrants often find ourselves excelling in this space, due to our cultural emphasis on holistic wellness and compassionate care. Our understanding of cultural nuances, and their applications to the care of diverse patient populations can be life-saving! These in-demand soft skills enhance communication and trust, leading to noticeable improvements in health outcomes 👩⚕️ 📈. ➡️ In 𝗧̲𝗘̲𝗖̲𝗛̲, Latino immigrants offer a fresh perspective on life! The innovative solutions we offer are often shaped by our diverse experiences, which often dictate the success of adaptation and implementation of products and services. Our adaptability and resilience enable us to thrive in adversity! We grow in challenging and inhospitable environments! And in doing so, we drive the technological advancement and inclusive innovation that benefits everyone, not just Latinos 👩🏽💻. ➡️ In 𝗕̲𝗨̲𝗦̲𝗜̲𝗡̲𝗘̲𝗦̲𝗦̲ too, our natural tendency to form 𝗦̲𝗧̲𝗥̲𝗢̲𝗡̲𝗚̲ 𝗙̲𝗔̲𝗠̲𝗜̲𝗟̲𝗜̲𝗔̲𝗟̲ and 𝗖̲𝗢̲𝗠̲𝗠̲𝗨̲𝗡̲𝗜̲𝗧̲𝗬̲ 𝗧̲𝗜̲𝗘̲𝗦̲ is a win-win for everyone! We shine brightly in spaces that require collaboration, loyalty, and a strong work ethic. As these values are deeply ingrained in our culture from birth, we are pre-destined for leadership, team building, and networking, which are essential for entrepreneurial success and corporate growth 👩🏽💼🧑🏽💼. Moreover, Latino immigrants often bring bilingual and bicultural proficiency to the table. We bridge gaps and facilitate communication in increasingly globalized and competitive markets. Our ability to navigate different cultural contexts with ease is extremely valuable! We're positioned perfectly to build trust through rapport, and broker dealflow 💸. 𝗣̲𝗘̲𝗢̲𝗣̲𝗟̲𝗘̲ 𝗗̲𝗢̲ 𝗕̲𝗨̲𝗦̲𝗜̲𝗡̲𝗘̲𝗦̲𝗦̲ 𝗪̲𝗜̲𝗧̲𝗛̲ 𝗣̲𝗘̲𝗢̲𝗣̲𝗟̲𝗘̲ 𝗧̲𝗛̲𝗘̲𝗬̲ 𝗟̲𝗜̲𝗞̲𝗘̲,̲ 𝗞̲𝗡̲𝗢̲𝗪̲,̲ 𝗔̲𝗡̲𝗗̲ 𝗧̲𝗥̲𝗨̲𝗦̲𝗧̲! People also do business with people, not companies. Our skillset makes us valuable assets in today's interconnected world 🌎! Are you Latino? What are your thoughts? Please let me know in the comments section below! 👇👇

It's that time of year again... Hispanic Heritage month. But let's be honest, we should be embracing, celebrating and advocating ALL cultures every day of the year, so here's a few fun facts about my community to get us started. 🏆 On contributions: Hispanic and Latino communities have made remarkable contributions to the US, significantly impacting its economy, culture, and society. From civil rights leaders like #CesarChavez and #DoloresHuerta, who championed labor rights, to trailblazers in arts and entertainment like #LinManuelMiranda, their influence is profound and far-reaching. In science and technology, pioneers like #EllenOchoa, the first Hispanic woman in space, have paved the way for future generations. Justice #SoniaSotomayor 's historic appointment to the Supreme Court underscores the vital role of Hispanic leaders in shaping the nation’s legal landscape. Cultural icons like #SelenaQuintanilla, and many others who have brought Hispanic music and culture to mainstream audiences, leaving a lasting legacy. 🧗♂️ On our challenges: Despite these achievements, Hispanic and Latino communities continue to face significant challenges. For starters, mental health is a critical issue, with Hispanic adults being 50% less likely to receive mental health treatment compared to non-Hispanic whites. Alarmingly, suicide attempts among Hispanic girls in grades 9-12 are 30% higher than their non-Hispanic white peers. Not to mention the economic disparities, healthcare access, educational barriers, discrimination, and complex immigration issues. Organizations like UnidosUS (@WeAreUnidosUS), LULAC UTD, Hispanic Federation, and MALDEF - Mexican American Legal Defense and Educational Fund to name just a few are at the forefront of advocating for equity and addressing these challenges so learn and support where you can! 🌎 On our impact: The economic impact of Hispanic and Latino populations is substantial, and well talked about. With a spending power of over $1.2 trillion and contributions of approximately $3.2 trillion to the U.S. GDP, our role in driving economic growth is undeniable. Hispanic Americans also have the highest rate of entrepreneurship among any racial or ethnic group, with their businesses growing significantly faster than the national average (we call this grit and resilience, albeit it’s not without challenges). As the Hispanic population continues to grow, their influence on the labor force and overall economic landscape will only increase. 🤝 On being an ally: To be better allies, you can educate yourselves about Hispanic history and culture, listen to and amplify Hispanic voices, advocate for equity, and inclusion with your privilege. By taking these steps, we can help create a more inclusive and supportive environment for Hispanic and Latino communities. (Just a thought, we can do this for ALL underserved/marginalized communities actually) #HispanicHeritageMonth #Diversity #Inclusion #Equity #EconomicImpact #Mentalhealth

Happy Hispanic Heritage Month! As a diverse and inclusive organization, the ActOne Group is proud to celebrate the contributions and accomplishments of the Hispanic community and recognize the cultures and traditions that have woven their way into the fabric of our country. Recent years have seen Hispanic workers and entrepreneurs have an outsized positive effect on our economy. Not only has the number of Hispanic workers nearly tripled over the past three decades, but according to the USBLS, nearly 1-in-4 new businesses in the United States are Hispanic-owned. In fact, Hispanic Americans had the highest “rate of new entrepreneurship” every year since 2002. These businesses have shown staying power, too. Studies have shown that though nearly half of all Hispanic American businesses pre-pandemic were less than five years old, they rebounded quicker post-lockdown, showing faster growth than non-Hispanic-owned ones.

It's five days until the start of #HispanicHeritageMonth, and my hope is to see brands shift from surface-level celebrations to initiatives that create a lasting impact. The data clearly show that this group faces substantial funding, compensation, leadership representation, and education challenges. - Latino-owned businesses have grown 34% in the last decade, compared to just 1% for all other small businesses. However, only 20% of Latino-owned businesses that applied for national bank loans over $100,000 received funding, compared to 50% of white-owned companies. - Latinas earn only 57 cents for every dollar earned by non-Hispanic white men. - Hispanics hold only 4% of executive positions in the U.S. - The Hispanic high school dropout rate is 8% compared to 4% for white students. Only 25.8% of Hispanics have a bachelor's degree or higher, compared to 40.1% of the overall population. With this context in mind, brands can shift from symbolic gestures and deploy year-round commitments to programs that drive the economic empowerment of the segment. So, let us all see your impactful work and genuine commitment to the economic empowerment of the community. Hold the flashy celebrations and logos with tildes, and give us small business grants, always on Latinx creator programs, wage equality for Latinas, representation in C-suite and Board positions, Latinx suppliers, scholarships, and programs to bridge the education and pay gaps.