Hispanic Corporations

“Though 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.”

“Hispanic 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]

“Every 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]

The majority 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 less.

The Hispanic 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.

We encourage 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 community.

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 Click Here]

Coalition Members

HACR’s 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

The Congressional 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

BENEFACTOR LEVEL

GENERATIONS LEVEL

Johnson & Johnson  
MillerCoors  
Northrop Grumman  
Sodexo, Inc.  
State Farm  
The Toyota Motor Company  
The Walt Disney Company  
 

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]

Information about additional organizations is available in WOW!Facts.