Hispanics On Their Way
To Economic Empowerment
Hispanics lead the nation in one-man operations, they are also creating jobs at an astounding rate. From 2007 to 2012,
the number of non-Hispanic businesses with paid employees remained about the same, increasing only by 0.2% over the five year
period. For Hispanics, on the other hand, the growth was dramatic. The number of Hispanic-owned businesses with
paid employees increased by 17.1% over the same time frame, increasing
from less than 250,000 in 2007 to nearly 300,000 in 2012. In 2015, Hispanic-owned businesses overall contribute
an estimated $661 billion to the U.S. economy, an increase of 88% since 2007.”
entrepreneurs are a driving force behind American economic growth, and will continue to grow in the future. While growth
in non-Hispanic businesses has nearly stagnated, Hispanics are leading the way in the creation of new businesses. While
the majority of businesses in America are one-man operations, most businesses with paid employees get their start this way.
As the data show, Hispanic owned businesses are creating jobs at a dramatic pace, and will contribute more than half a trillion
dollars to our economy this year. U.S. Hispanics are a vital part of our free market economy, and are growing the pie
and creating opportunity for all.” [Source: The Libre Institute. October 8, 2015]
30 seconds, two non-Hispanics hit retirement age and one Hispanic turns 18 years old. According to the Selig Center for Economic
Growth at the Terry School of Business at the University of Georgia, Hispanics will represent 74% of labor force growth by
2020. However, according to the Center for Hispanic Leadership, Hispanic professionals are only delivering 40%
of their full potential at work. With the growing purchasing power of Hispanic consumers that is estimated to reach $1.7T
by 2019 (according to the Selig Center), there is urgency to employ and advance more Hispanics into influential leadership
roles – where they can help most authentically guide brands to create the most effective strategies to not only attract
and develop top Hispanic talent, but capture the growing Hispanic marketplace.” [Source: Forbes – Without Hispanics America’s Corporations Cannot Grow and Compete.
May 17, 2015]
Unknown to many Black Americans, “the buying power of Latinos has increased 7 times since 1990 – from $212 billion to over
$1.4 trillion in 2014 – and the Hispanic population grew an estimated 57 percent between 2000 and 2014, rising from
35.3 million to over 55 million. However, the growth of Hispanic businesses continues to be unnoticed by many main-stream
corporations as well as the general public, even to members of the Latino community. Large Hispanic companies are achieving
considerable revenues and becoming important contenders in their industries. The following are the largest Latino companies
in revenues across the country, according to Hispanic Business.com Top 500 Hispanic Business.”
1. Brightstar Corp. (revenue at $6.3 billion)
2. MasTec Inc. (estimated revenue rose at $4.25 billion)
3. Molina Healthcare (revenue at $3.0 billion)
4. Greenway Ford (revenue at $1.2 billion)
5. Related Group (revenues at $1.02 billion) [Source: Huffington Post, Latino Voices, 11/25/2013]
of Hispanic companies are funded from personal savings. Even though Hispanics have traditionally earned less money than any
other ethnic group in America. Based on the available evidence, they have learned how to do more and accomplish more with
Association On Corporate Responsibility (HACR)
Association on Corporate Responsibility (HACR), one of the nation’s leading Hispanic advocacy organizations, released
today the results of its 2015 HACR Corporate Inclusion Index (HACR CII). The HACR CII
is a component of HACR’s Corporate Accountability Strategy and measures Hispanic inclusion at Fortune 100 companies and HACR Corporate
Member companies. The results of the 2015 HACR CII indicate that nearly 25 percent of this year’s returning participants
have improved their rating from 2014, which reflects a commitment to diversity.
HACR Media Partners
HACR has formed
media partnerships with some of the most influential Hispanic and main-stream publications that focus on diversity and Hispanic
inclusion in Corporate America.
These media partners
lead to a better understanding of the importance of having more Hispanics in boardrooms in Corporate America and C-Suites.
They also provide HACR with a platform to showcase our program participants
and highlight success stories that reinforce why Hispanic inclusion
is good for shareholder value.
you to visit each of our media partners’ websites and see how each is working towards a more inclusive workforce by
reading their featured stories and sharing with them your thoughts and ideas around Hispanic inclusion. [Source: HACR
- 3/12/16 Click Here]
DiversityInc is the leading source of information on diversity management. We are a consultancy and we publish two websites, as well as
a magazine, published five times a year.
Hispanic Executive is the voice of the leaders representing America's new majority. The Hispanic population holds unmatched economic, political, and social power, and Hispanic Executive convenes businesses'
most influential Latinos to shape the dialogue on this cultural force.
Impacto Latino is the oldest Spanish language weekly publication in New York and one of the oldest in the U.S. Our portfolio of platforms
include: our print publication, Impacto Latino, www.impactolatino.com, Impacto Classifieds, and Latino jobs.
LATINA Style magazine has become the most influential publication reaching the contemporary Hispanic woman.
LATINO magazine, the flagship publication of the Latino Publishing Group. Based in Austin, LATINO is the voice of the
Latino Leaders By promoting and publishing stories of Latino success, Latino Leaders magazine
strives to showcase other stories than those often seen in the mainstream media, and at the same time, demonstrate the influence
Latinos maintain in this country.
PODER is written for a global audience of influential senior business and political decision-makers. [Source: HACR - 3/12/16
Coalition Members consist of 16 national Hispanic organizations that form the backbone of HACR and whose executive directors,
presidents and CEOs serve as board members to the organization. HACR’s Coalition Members reflect the voice of more than
60 million Hispanics living in the United States and Puerto Rico, serving diverse communities through advocacy, education,
representation, assistance, capacity building, public policy support, resource development, and the exertion of political
influence. HACR Coalition Members work with more than 1,500 affiliate community-based organizations serving the Hispanic community
in all 50 states and Puerto Rico, including more than 450 institutions of higher learning enrolling three out of every four
U.S. Hispanic college students, and 400 publications with a combined circulation of more than 10 million. [Source: HACR
- 3/12/16 Click Here]
American GI Forum of the United States
ASPIRA Association Inc.
Congressional Hispanic Caucus Institute
Congressional Hispanic Leadership Institute
Hispanic Leadership Institute
Cuban American National Council
Hispanic Association of Colleges and Universities
League of United Latin American Citizens
MANA, A National Latina Organization
National Association of Hispanic Publications
National Council of La Raza
National Hispana Leadership Institute
National Puerto Rican Coalition
National Society of Hispanic MBAs
SER-Jobs for Progress National, Inc.
United States Hispanic Chamber of Commerce
United States Hispanic Leadership Institute
HACR - 3/12/16 Click Here]
Time Warner Inc.
Wells Fargo &
Automatic Data Processing (ADP)
Bank of America
Carnival Corporation & plc
FCA US LLC
Ford Motor Company
General Motors Co.
Johnson & Johnson
The Walt Disney Company
American Petroleum Institute (API)
The Coca-Cola Company
The Home Depot
Morgan Chase & Co.
Manpower Group Inc.
Marsh & McLennan Companies
Time Warner Cable Inc.
Verizon Communications Inc.
Wal-Mart Stores, Inc.
HACR Research Institute
The HACR Research
Institute (HRI) is the research arm of HACR and is devoted to objective research, analysis, and publication of Hispanic-related
issues in Corporate America. The institute focuses its research on HACR’s four pillars: Employment, Procurement, Philanthropy,
and Governance, and also explores other issues pertaining to Hispanic inclusion in the workforce and national demographics.
The goal of the HRI is to assess current Hispanic trends and stimulate discussion on Hispanic inclusion in Corporate America.
[Source: HACR - 3/12/16 Click Here]
Associations For Economic Empowerment
By: George M. Sistrunk - 3/10/16