State of Hispanic Economy Briefing Opened the U . S . Hispanic Chamber of Commerce Legislative Conference Public Briefing on the State of the Hispanic Economy
How will the new economic stimulus plan work for 45 million Hispanics who are especially hard hit by the global recession ? Leaders from business , government and the Hispanic community gathered to assess the current economic situation and the issues that Hispanic businesses face in weathering the national recession . A new survey from the Pew Hispanic Center — America ’ s foremost think tank on Latino issues — paints a dire picture .
According to the Pew Hispanic Center , almost one in ten ( 9 %) Latino homeowners say they missed a mortgage payment or were unable to make a full payment , and 3 % say they received a foreclosure notice in the past year . Some 36 % say they are worried that their own home may go into foreclosure . This is just one indicator of the negative impact of the current economic downturn on the nation ’ s Hispanic population . For the Hispanic community , this has been a perfect
The event recognizes Tampa Bay area women who have achieved power and influence while displaying a commitment to the advancement of women and the Community . The Executive Woman of the Year Award applauds one very special woman for her unique combination of career , community , and personal achievements . All proceeds from the Executive Woman of the Year Awards go to fund scholarships for women of all ages . storm . Hispanic unemployment has run higher than the national average . Industries that are mainstays for Hispanic workers — construction , retail and manufacturing — have been hit especially hard . Hispanic families have watched their primary assets , personal savings and home values , lose significant value . This community has always struggled with unemployment , restricted access to the credit markets , a scarcity of affordable housing and the highest dropout rates in the nation , which hamper workforce development progress .
Despite these problems , the Hispanic community is the nation ’ s largest and fastest growing minority with purchasing power fast approaching $ 1 trillion . Hispanics own nearly 3 million businesses that collectively generate nearly $ 400 billion in annual revenue . Ensuring the survival of this cornerstone of the economy was the focus of this briefing .
The guest speaker for this year ’ s event was Irma B . Elder , CEO of Elder Automotive Group . She has built a 540 million dollar empire with her Detroit based auto group . Ms . Elder consistently ranks in the top ten of Hispanic Business Magazine ’ s top 500 Hispanic-owned corporations ., and the ONLY female owned corporation in the top ten . In addition , she is one of the highest ranking women in Working Woman Magazine ’ s Top 500 Women in the country .
Ms . Elder believes that anything is possible , even in the aftermath of terrible adversity .
The Network of Executive Women seeks to be the premier networking experience for professional women in Tampa Bay . For more information on the organization and ticket purchase , please visit our website at www . networkexecwomen . com
U
. S . Senate Candidate , Marco Rubio , will make his first campaign appearance in Tampa on Friday , May 15th at Dr . Blaise Alfano Center 11606 N . McKinley Dr . Tampa , where he is scheduled to speak during the Hispanic Republican Fiesta & fundraiser hosted by the RHCHC ( Republican Hispanic Club of Hillsborough County ). He will further discuss his role in the Senate and the importance of the Hispanic and Youth vote .
See Rubio as he embarks on a new phase of his future political career while supporting RHCHC and their outreach efforts in the Hispanic community .
About RHCHC : The RHCHC mission is to echo the GOP ’ s fundamental principles in the surrounding Hispanic communities through various community events , public relation opportunities , and increasing its membership through our monthly informative meetings . We also encourage fellow members and other Latinos to seek public office , as we are a growing population nearing 25 % in Hillsborough .
For more information , please contact : 813.679.0515 – Angelette Aviles
“ Q . What is an Economic Stimulus Payment ? “ A . It is money that the federal government will send to taxpayers . “ Q . Where will the government get this money ? “ A . From taxpayers . “ Q . So the government is giving me back my own money ? “ A . Only a smidgen . “ Q . What is the purpose of this payment ? “ A . The plan is that you will use the money to purchase a high-definition TV set , thus stimulating the economy . “ Q . But isn ’ t that stimulating the economy of China ? “ A . Shut up .” Below is some helpful advice on how to best help the US economy by spending your stimulus check wisely : If you spend that money at Wal-Mart , all the money will
go to China . If you spend it on gasoline it will go to the Arabs . If you purchase a computer it will go to India . If you purchase fruit and vegetables it will go to Mexico , Honduras , and Guatemala ( unless you buy organic ).
If you buy a car it will go to Japan . If you purchase useless crap it will go to Taiwan . And none of it will help the American economy .
We need to keep that money here in America . You can keep the money in America by spending it at yard sales , going to a baseball game , or spend it on beer ( domestic ONLY ), or supporting local small businesses !