Where Are the Hispanic Executives?
LinkedIn
latina business woman seated at conference table

By JD Swerzenski, Donald T. Tomaskovic, and Eric Hoyt

Many organizations have prioritized workplace equality and access to high-paying, executive level jobs for minority groups in recent years.

Several 2020 presidential candidates are putting forward plans to increase minority executive positions by diversifying corporate boards, punishing companies with poor diversity track records and increasing funding for minority-led business institutions.

However, according to our own 2019 analysis, white men still hold the majority of executive positions such as CEOs, management directors and financial officers.

As economic and communication scholars, we looked at Equal Employment Opportunity Commission employment data for executives at large and mid-sized companies. Our analysis shows that white men sit in 65.5 percent of these high-paying boardroom positions while representing only 38 percent of the U.S. workforce.

The dominance of white male executives, however, is by no means evenly distributed across the country. Our report tracks representation among Hispanic executives, city by city.

C-Suite Inequality
The gap between labor force and executive representation is wider among Hispanics than any other group.

Executive jobs offer salary—$155,586 on average—benefits and job security that simply are not available in lower level positions. They also offer the power to drive initiatives, including those focused on diversity.

So where do the Hispanic executives work? Pittsburgh is the only large city in the U.S. to nearly reach equity. Hispanics comprise 1.3 percent of the city’s executive workforce and 1.4 percent of its overall labor market.

That low overall representation is a trend among cities with the best equity.

Four out of five American cities with the most equitable representation—Pittsburgh, Detroit, St. Louis and Cincinnati—have Hispanic populations of less than 4 percent.

These findings fall in line with our earlier research showing that minority representation in executive positions is highest in areas with the lowest minority population.

The final city in the top five, Miami, stands out for its high representation of Hispanic executives at 24.6 percent and high percentage of Hispanics in the overall workforce at 44.1 percent.

Miami is also an anomaly among other large cities with Hispanic work forces such as Houston—43 percent overall labor force and 10.3 percent executive representation—and Los Angeles—34.2 percent labor force and 8 percent executive.

Driving Miami’s high representation is likely the city’s strong economic connections to Central and South America, which favors Hispanic cultural background and Spanish language capability among top executives.
This is especially true with regards to the many media-based companies located in Miami, such as Telemundo, which targets consumers throughout the Spanish-speaking world.

Trends at the Bottom
So how do things look at the other end of the scale?
New York City has the largest Hispanic population in the U.S with 2.3 million individuals. They comprise of 22.6 percent of the city’s total workforce, including 28.7 percent of its service workers and 40 percent of its laborer positions.

But only 4.5 percent of New York’s executives are Hispanic.

New York matters because of the large number of Hispanics who live there and the relative power of its executive positions. In 2019, 73 of the Fortune 500 companies were headquartered in the city, among them Citibank, Verizon, MetLife and many other major firms.

It’s unlikely that there is one key factor behind the lack of Hispanic representation in these jobs. One possibility is an entrenched corporate culture in New York dominated by white male executives. Further, unlike in Miami, Hispanic cultural and linguistic backgrounds are perhaps less valued in these boardrooms.

This, however, shouldn’t eliminate the possibility for change. New York’s trade workers—a group once dominated by white men—now includes 21.3 percent Hispanic workers, one of the highest rates in the country. Efforts to develop Hispanic executive candidates similar to Miami’s youth entrepreneurship program or Pittsburgh’s business incubator program centered in the city’s Hispanic Beechwood neighborhood might lead to greater diversification of New York’s corporate offices.

Rounding out the bottom five are San Jose, Salt Lake City, Hartford and Oklahoma City, all cities with at least 10 percent Hispanic representation in the labor force.

Diversity Matters
Research indicates that boardroom diversity can positively impact both profitability and job satisfaction within companies, particularly by bridging the divide between company executives and lower level employees.
With recent reports showing stagnation in the overall number of Hispanic executives nationwide, it’s particularly important for cities and companies to consider what more can be done to bring more Hispanics into the boardroom.

Cities might bolster Hispanic business participation and entrepreneurship by helping build business incubator programs, supporting Hispanic business development groups and promoting educational opportunities at area universities.

To make change, Hispanic workers need to be employed in positions that feed into to the highest company levels. Currently, 8 percent of all managerial and 6 percent of all professional positions in the U.S. are Hispanic, far below their labor market share of 17 percent.

Overriding these discrepancies means acknowledging cultural blind spots that often exclude Hispanic workers, such as non-Latino employers recognizing unconscious biases in their communication styles and providing opportunities to professionally use Hispanic cultural competencies.

Source: theconversation.com

Latino jobs have taken a hit with Covid. Here are some career-building strategies
LinkedIn

The effects of the Covid-19 pandemic on Americans’ career trajectories have varied by industry, geography, and ethnicity, with Latinos among the most heavily impacted. According to the 2020 American Family Survey, 53% of Hispanic respondents reported a career change since the pandemic began; meanwhile, a troubling 41% report a decline in income. Harnessing that hunger for gainful employment, or a stronger career can yield results. We spoke with Caroline Castrillon, career coach and founder of CorporateEscapeArtist to discuss the paths all Americans impacted by the Covid recession can take to rebuild their careers and reinvent their futures.

While employers expect you to openly share your accomplishments, this can be awkward for some people who feel they are being arrogant, says Castrillon. “Remember, this is your time to shine. Don’t be shy,” she says. “Share what your individual contributions were and quantify the results. If you don’t do a good job of highlighting your achievements, employers will assume that you don’t have anything significant to discuss.”

Continue to the NBC News to read the full article.

These Are The Most At-Risk Jobs Post-Pandemic
LinkedIn
Powerful Latin businesswoman leader standing with arm crossed

While many jobs were put on hold during the pandemic, there are a few that may not come back—ever.

Glassdoor’s Workplace Trends 2021 report finds that job postings for discretionary health services—or those that are elective and can be postponed during a pandemic—are down dramatically. The most at-risk job is that of audiologist, for which job listings on Glassdoor declined 70% during the pandemic.

Angela Shoup, president of the American Academy of Audiology, says she’s heard reports of  audiologists being placed on long furloughs, as well as some who’ve closed their private practices and retired early this year. Many recent graduates looking for jobs in audiology have been told that larger practices are not hiring, she says.

Job postings for opticians and physical therapists saw a similar fate, down 61% and 40%, respectively. There’s also been a shortage of administrative and lower-skilled office roles. Jobs for event coordinators are down 69%, making it the second most at-risk job post-pandemic. Similarly, openings for executive assistants are down 55%, human resources generalists are down 37% and receptionists are down 35%, as most offices have been closed.

Unsurprisingly, positions for personal services workers have also plummeted. Beauty consultants took the hardest hit, with jobs down 53%. Jobs for valets were down 51%.

“[These are jobs] where Covid-19 is in the driver’s seat,” says Andrew Chamberlain, Glassdoor’s chief economist. “People are not going to return to their nail salons or get discretionary LASIK eye surgeries or go to in-person events until the virus is under control.”

Discretionary healthcare, event and personal-service jobs won’t disappear altogether after the pandemic, but they will certainly be slow to come back, he says. However, he thinks it’s possible some jobs may be lost forever.

Continue on to Forbes to read the complete article.

 

5 Current Keys to Success When Searching for a Job
LinkedIn
Job Search Laptop

By Debra Wheatman  

I have probably received more questions on the topic of conducting a job search in the current climate than I have on anything else in 2020. When the restrictions were first enacted, many people decided to go into a self-imposed holding pattern and shelve their job searches.

However, ongoing restrictions and contraction in the job market render this a nonviable option. So how do you search for a job amid the pandemic? Here are five strategies that can help you succeed.

Network. Networking remains the best way to find employment opportunities. The only difference is that networking has become almost entirely virtual. The good news is that you have more access to diverse networks than ever. Get on LinkedIn or Meetup and find people with common interests. Join groups that appeal to your goals, and interact with people and share your knowledge. Remember, don’t go into networking with the message, “I need a job. What can you do for me?” It’s a two-way street. Don’t just take; give as well.

Up your technology game. Have you been on a videoconference where someone’s Wi-Fi keeps cutting out? How about someone with poor lighting, making it look like they live in a basement, hiding from the feds? Yeah, no. Not a good look. Upgrade your internet, invest in a good webcam if your computer is sub-par, and consider a light ring to provide balanced lighting and show you in, well, the best light.

Look the part. We know you’re working from home. That doesn’t mean that you should show up for your virtual interview, looking as if you just rolled out of bed or came in from working in the garden. Dress the same as you would for an in-person interview.

Be specific about your goals. This is good advice outside of the pandemic as well. But it will be even more important than ever that you have an articulated and defined vision not only of what you’re looking for in your next role but what you can do for a potential employer. Why? Because everyone is on edge. And providing clarity will put people at ease and engender trust.

Manage your expectations. I’m hearing that the entire job search process is taking even longer than it was before restrictions when people were still doing in-person interviews. I think this is probably due to the heightened focus on proceeding with caution. A client recently had a first video screen with a new company and was told that the process would entail a one-on-one with the hiring manager, a series of four to five additional meetings with other team members, a presentation to the team, another one-on-one with the hiring manager, and finally, a meeting with the CEO.

Most importantly, be confident and proactive. Remember my number one piece of advice—job searching is not about YOU; it’s about how you can help an employer solve a pressing business problem. Approach your job search with that in mind, and tailor your tactics to reflect the current reality. Finally, the shining light at the end of the tunnel: it’s not a question of if you get a new role—only when.

Source: Careersdoneright.com

A Look into Minority- and Women-Owned Businesses – Fresh statistics you should know
LinkedIn
Latina businesswoman looking up from her desk filled with paperwork smiling

The U.S. Census Bureau recently released new estimates showing 1.1 million employer firms were owned by women and 1.0 million by minorities. According to the 2018 Annual Business Survey (ABS), covering year 2017, 5.6 percent (322,076) of all U.S. businesses were Hispanic-owned and 6.1 percent (351,237) were owned by veterans.

Additional statistics released include:
In 2017, the sector with the most women-owned businesses 16.9 percent (192,159) were in the healthcare and social assistance industry, followed by professional, scientific and technical services 16.4 percent (185,649), and 11.7 percent (132,894) in the retail trade industry.

The top sectors for Hispanic-owned firms were construction with 15.6 percent (50,187) of all firms, followed by accommodation and food services 13.0 percent (41,817), and professional, scientific and technical services 10.6 percent (34,292). Hispanic firms in these top three industries employed approximately 1.2 million workers, had receipts totaling approximately $130.9 billion and an annual payroll of approximately $35.8 billion.

There were 555,638 Asian-owned businesses, with 23.9 percent (132,698) in the accommodation and food services sector. Asian-owned firms had the largest receipts ($814.8 billion) among minority groups.

Black or African Americans owned 124,004 firms in 2017 with 32.0 percent (39,714) of these firms in the healthcare and social services industry.

The ABS, sponsored by the National Science Foundation’s National Center for Science and Engineering Statistics (NCSES), and conducted jointly with the Census Bureau combined the Survey of Business Owners, the Annual Survey of Entrepreneurs, the Business R&D and Innovation for Microbusinesses Survey, and the innovation section of the Business R&D and Innovation Survey. The ABS measures research and development for microbusinesses, innovation and technology, and provides annual data on select economic and demographic characteristics for businesses and business owners by sex, ethnicity, race and veterans status. Additional data on research and development and innovation will be released by NCSES in the coming months.

Source: census.gov

10 Essential Sites for Hispanic Business Owners
LinkedIn
young Hispanic businessperson scrolling through phone and smiling

By Maria Valdez Haubrich

Hispanic small business owners are the fastest-growing group of entrepreneurs in the US.

The number of Hispanic business owners grew 34% over the past 10 years as compared to 1% for all U.S. business owners, according to a recent study from Stanford University.

The following are 10 resources that advance, promote, support, and help Hispanic businesses to grow and thrive.

 

  1. United States Hispanic Chamber of Commerce (USHCC)

The mission of the United States Hispanic Chamber of Commerce is “To foster Hispanic economic development and to create sustainable prosperity for the benefit of American society.” The USHCC promotes the economic growth, development, and interests of Hispanic-owned businesses. It also advocates on behalf of 260 major American corporations and serves as the umbrella organization for more than 250 local chambers and business associations nationwide. Twitter: @USHCC

  1. The Hispanic Retail Chamber of Commerce (HRCOC)

The Hispanic Retail Chamber of Commerce represents U.S. Hispanic retail businesses and their interests and priorities to the government and in the media. With Accredited Alliances in every state, the HRCOC serves members of every size and in many retail sectors, such as supermarkets and food & beverage distributors. Various membership plans are available. Twitter: @RetailChamber

  1. Hispanic Association of Small Businesses (H.A.S.B.)

The Hispanic Association of Small Business provides minority business owners, and aspiring business owners, with educational materials, business workshops, and English workshops to improve the success of the community. By advocating on behalf of individuals, small businesses, and entrepreneurs, the H.A.S.B. works to eliminate prejudice and discrimination against socially disadvantaged or underprivileged small businesses. Facebook: @hasb.org

  1. Hispanic Small Business Center from Hello Alice

The Hispanic Small Business Center is a microsite of Hello Alice, a free, multichannel platform that helps businesses launch and grow. Cofounded by Carolyn Rodz and Elizabeth Gore, Hello Alice encompasses a community of more than 200,000 business owners in all 50 states and across the globe. The Hispanic Small Business Center partners with enterprise business services, government agencies, and institutions to help grow small and medium-sized businesses. The website provides resources, how-to guides, and research. Twitter: @HelloAlice

  1. Minority Business Development Agency (MBDA)

Part of the U.S. Department of Commerce, the Minority Business Development Agency promotes the growth of minority-owned businesses and helps Hispanic business owners access and connect with capital, contracts, and markets. The MBDA also advocates and promotes minority-owned business with elected officials, policymakers, and business leaders. Twitter: @USMBDA

  1. National Minority Supplier Development Council (NMSDC)

The National Minority Supplier Development Council advances business opportunities for certified minority business enterprises and connects them to corporate members to encourage supplier diversity. You apply for NMSDC certification through one of its regional councils. The organization connects more than 12,000 certified minority-owned businesses to a network of corporate members who wish to purchase their products, services, and solutions. The NMSDC corporate membership includes many public and privately-owned companies, as well as healthcare companies, colleges, and universities. Twitter: @NMSDCHQ

  1. Grants.gov

Grants.gov is an e-government initiative operating under the Office of Management and Budget. The system contains information on more than 1,000 federal grant programs and vets grant applications for federal agencies. By registering with the website, Hispanic and other business owners can apply for any grants available, as long as the company meets the requirements of the grant. To apply you will need a DUNS Number, which is a unique nine-character identification number provided by the commercial company Dun & Bradstreet (D&B). Twitter: @grantsdotgov

  1. Hispanic Association on Corporate Responsibility (HACR)

The Hispanic Association on Corporate Responsibility’s mission is to advance the inclusion of Hispanics in corporate America at a level proportionate with Hispanic economic contributions in the areas of employment, procurement, philanthropy, and governance. With helpful programs, research, and virtual seminars, the HACR is committed to making a difference in the way Hispanics are treated and perceived in Corporate America. Twitter: @HACRORG

  1. The Congressional Hispanic Caucus (CHC)

The Congressional Hispanic Caucus is a Congressional Member organization, governed by the Rules of the U.S. House of Representatives. The CHC addresses national and international issues and crafts policies that impact the Hispanic community. The Caucus is dedicated to voicing and advancing, through the legislative process, issues affecting Hispanics in the United States, Puerto Rico, and the Commonwealth of the Northern Mariana Islands. Twitter: @HispanicCaucus

  1. League of United Latin American Citizens (LULAC)

Founded in 1929, the League of United Latin American Citizens is the largest and oldest Hispanic organization in the U.S. LULAC strives to improve the economic condition, education, political influence, housing, health and civil rights of Hispanic Americans through community-based programs. With more than 1,000 councils nationwide, the organization’s advisory board consists of Fortune 500 companies, which fosters stronger partnerships between corporate America and the Hispanic community. Twitter: @LULAC

Source: score.org

Employees Share Views on Current and Post-Pandemic Workplace
LinkedIn
Successful group of business associates having internet based web conference over video chat

Robert Half conducted a study on employees’ views regarding the pandemic workplace.

“Our lives have changed as a result of COVID-19, including how we work,” said Paul McDonald, senior executive director of Robert Half.

“When companies open their doors again, ‘business as usual’ will be different. Employers and their teams have been resourceful in operating from dispersed locations, and there are going to be important lessons learned that will guide future collaboration.”

Silver Linings
Of employees surveyed, 77 percent said they are currently working from home. These workers were asked, “Which of the following positive sentiments have you felt with respect to your job in the past several weeks?”

The top responses included:

I realize my job is doable from home. 63%
My work-life balance has improved due to lack of a commute. 60%
I’m more comfortable using technology. 43%
I’ve grown closer to colleagues. 20%
I’ve grown closer to my boss. 19%
*Multiple responses were permitted.

 
Parents doing their job from home were more likely than peers without children to report having better work-life balance, becoming more tech savvy and deepening relationships with their colleagues, survey results show. In addition, 78 percent of all employees surveyed think they will be more prepared to support or cover for coworkers who need to be physically absent when staff begin returning to the office.

Concerns About Returning to the Office
According to the research, professionals feel some apprehension about going back to their typical workspace:

  • 56 percent of professionals worry about being in close proximity to colleagues.
  • 74 percent would like to work remotely more frequently than before the outbreak. More parents (79 percent) than those without children (68 percent) expressed this preference.
  • At the same time, 55 percent believe it will be more difficult to build strong relationships with colleagues if teams aren’t in the same building as much.

Business Protocol in a Post-Pandemic World
Once stay-at-home guidelines ease, the workplace will likely evolve. Of office professionals surveyed:

  • 72 percent will rethink shaking hands with business contacts.
  • 72 percent plan to schedule fewer in-person meetings.
  • 61 percent anticipate spending less time in common areas in the office.
  • Nearly 6 in 10 will reconsider attending in-person business events (59 percent) and traveling for business (57 percent).
  • 73 percent think there will be fewer in-person social and team-building activities with colleagues.

Staff expect their organization to adapt to the new normal. Workers were asked, “As a result of the COVID-19 pandemic, which of the following measures do you think your company needs to take?” Their responses:

Allow employees to work from home more frequently 79%
Have better cleaning procedures 79%
Hold fewer in-person meetings and trainings 70%
Stagger employees’ work schedules 55%
Require employees to wear masks 52%
Change the office layout 46%
 *Multiple responses were permitted.

McDonald added, “Managers should use any time of transition to reassess priorities and make meaningful change that improves the work environment. The pandemic is causing fear and anxiety, and employees will want reassurance their employer is prioritizing health and safety.”

Source: PRNewswire

Sole Latina art studio owner in Gwinnett gets creative after losing 80% of business during pandemic
LinkedIn
Two children painting ceramic art

“Amarillo, rojo, azul, rosado,” six children, all under the age of 10, repeated after Joana Pratt, co-owner of Art for Life in Buford, meaning yellow, red, blue and pink in Spanish.

The children learned the words to different colors in Spanish and more during a recent Monday afternoon at the studio while dancing and singing and doing all sorts of activities until they finally settled down to work on their Frida Kahlo inspired self-portraits in honor of Hispanic Heritage Month.

Children of all ages and of all backgrounds visit Art for Life four days a week for Pratt’s one-of-a-kind classes, where children learn to create art while also learning to speak Spanish.

Normally the studio would be filled with people listening to music as they painted, especially on the weekends for “Paint ‘N Sip” events, but over the last few months Pratt has had to rethink how she provides art classes for the community during the COVID-19 pandemic.

She is the only Latina art studio owner in Gwinnett County, opening it along with her husband, Timothy Pratt, in December 2017.

Joana Pratt said the first year they opened the studio after moving to Gwinnett from Las Vegas was very hard, as this was the second time in eight years they were starting over someplace new. However, the second year was “a little better.”

“And then the third year business was growing in February and March (of 2020),” Joana Pratt said. “We started getting booked all of April and May. Then on March 13 everything shut down. I had to close the studio. I started to try to learn how to navigate again in a new situation for me.”

At 52 years old, Joana Pratt said she had to learn how to use social networks like Facebook and Zoom to conduct business. Timothy Pratt said they lost about 80% of the business within one month of the shutdown.

“We’re not even starting over,” Timothy Pratt said. “We’re just trying to survive now.”

When the couple moved to Gwinnett, they quickly noticed the county’s growing Hispanic community and saw an opportunity to transform Joana Pratt’s dream of owning an art studio into reality.

The U.S. Census Bureau estimates that as of 2019 Hispanics make up 21.7% of the population in Gwinnett. But in October 2019, the Atlanta Regional Commission stated in its 2050 population projections for metro Atlanta that the largest group, at 28% of Gwinnett’s total population, is expected to be Hispanic. Whites will be the third largest group, making up 18% of the population.

“I thought opening an art studio would be a good idea for me,” Joana Pratt said. “I’m bilingual. This county is growing in the Hispanic community, and they don’t have a place to do art in their own language or bilingual. I thought it could be really good access for the community, but I didn’t want it to be like everybody else does it.”

Continue on to The Union Journal to read the full article.

Retired Air Force Master Sergeant Credits Military Skills as Foundation for His Pillar To Post Home Inspectors® Business
LinkedIn
Steven Cordova headshot

Steven Cordova, Modesto resident and veteran, recently launched operations as a franchisee with the No. 1 home inspection company in North America, Pillar To Post Home Inspectors.

The 43-year-old services California’s Central Valley which includes Modesto, Ceres, Turlock, Oakdale, Manteca, Tracy, Ripon, Stockton, Lodi, Merced, Atwater, Bridgeport, Sonora, Mariposa, Yosemite Valley and Los Banos.

Cordova was a Master Sergeant in the United States Air Force for 24 years.  He served in both Iraq and Afghanistan as a part of Operation Iraqi Freedom and Operation Enduring Freedom. He was stationed at F.E. Warren Air Force Base in Wyoming, Malmstrom Air Force Base in Montana, Travis Air Force Base in California and Dyess Air Force Base in Texas. In addition, he was stationed internationally at Anderson Air Force Base in Guam, Lajes Field in Azores, Portugal and Kadena Air Force Base in Okinawa, Japan.

“I always had the ambition to operate my own business and the military provided me with the tools and discipline necessary in business,” said Cordova. “With Pillar To Post Home Inspectors’ startup program and franchisee support system, I knew that achieving my goal was obtainable. I look forward to what the future brings and the challenges ahead because I know that with the foundation the military has given me and the corporate team at my side, I will be successful.”

Pillar To Post Home Inspectors is the brand to which more than three million families have turned to for more than 25 years to be their trusted advisor when buying or selling a home. Consistently ranked for 23 years on Entrepreneur Magazine’s annual Franchise500®, Pillar To Post Home Inspectors is enjoying its eighth consecutive year as No. 1 in its category on that coveted ranking. In addition, the company has 5-Star status with VetFran, a program offered by the International Franchise Association that provides discounted franchise fees to veterans.

A professional evaluation both inside and outside the home is at the core of Pillar To Post Home Inspectors’ service. Pillar To Post Home Inspectors input data and digital photos into a computerized report. All information is provided to clients in a customized binder for easy reference, allowing homebuyers or sellers to make confident, informed decisions.

About Pillar To Post Home Inspectors®
Founded in 1994, Pillar To Post Home Inspectors is the largest home inspection company in North America with home offices in Toronto and Tampa. There are more than 600 franchises located in 49 states and nine Canadian provinces. The company has ranked in Entrepreneur Magazine’s Franchise500® for 23 years in a row, the past eight years as No.1 in Category. Long-term plans include adding 500 to 600 new franchisees over the next five years. For further information, please visit www.pillartopost.com. To inquire about a franchise, go to www.pillartopostfranchise.com

Sacramento Hispanic Chamber launches tech assistance program for minority-owned businesses
LinkedIn
Business buildings in Sacramento

The Sacramento Hispanic Chamber of Commerce is launching a wide lineup of resources and technical assistance to help minority-owned businesses during the pandemic.

The chamber announced the launch of its “#JuntosSacramento” campaign, which translates to “together Sacramento,” on Monday. The campaign is aimed at bringing together all corners of Sacramento’s Latino community, which includes immigrants and people who draw their heritage from a mix of countries and languages, said Cathy Rodriguez Aguirre, CEO of the Sacramento Hispanic Chamber.

Minority-owned businesses have been among the hardest hit during the pandemic, as they may have lower cash reserves and less access to banking resources to buoy their businesses.

The effort includes one-on-one consulting, resources on digital marketing and financial planning during the pandemic and job training programs.

The Sacramento Hispanic Chamber received about $615,000 in Coronavirus Aid, Relief and Economic Security Act, or CARES Act, dollars for the initiative. Those dollars arrived from a $3 million grant that the Sacramento Inclusive Economic Development Collaborative received from the city of Sacramento. The Sac IEDC was formed two years ago, and includes 15 groups within it like the Sacramento Hispanic Chamber and several property business improvement districts.

“Hispanic and minority owned businesses have been a historic pillar in the growth of Sacramento and our mission is to help the region recover from the impacts of Covid-19 by supporting the community through increased services and new, innovative programs,” Rodriguez Aguirre said, in a prepared statement. “Through our partnership with SAC IEDC we will be able to help foster more business development and spur economic growth.”

The program includes a free, six-part webinar series on topics like digital marketing, financial planning and disaster preparedness. The series starts on Oct. 23 and runs every other Friday, and will be conducted in Spanish and English.

Continue to the Sacramento Business Journal to read the full article.

McDonald’s Is Awarding $1 Million In Scholarships To Assist Hispanic Students During Pandemic
LinkedIn
Graduation mortar board cap on one hundred dollar bills concept for the cost of a college and university education loans

McDonald’s is proud to announce the company’s “HACER® More Scholarship,” that is providing 100 additional scholarships for Hispanic students as an extension of the annual HACER® National Scholarship.

Through HACER, McDonald’s is committing $1 million to assist Hispanic students this academic year, by helping alleviate the stress ofhigher education costs.

According to the Pew Research Center, half of Hispanics said they worry daily or nearly every day about financial issues like paying their bills, the amount of debt they carry and the cost of health care, and more 1 . The increased financial strain caused by the pandemic has also created uncertainty as parents and students work to fund and continue higher education. As a result, McDonald’s created the “HACER® More Scholarship” to help more students pursue college degrees despite the pandemic. So, in 2020, 100 additional scholarships will be awarded, bringing the total to 130, versus 30 in 2019. The additional scholarship recipients will be selected from the 2019 HACER National Scholarship pool of applicants that meet the existing criteria for the scholarship and will be enrolled in school for spring of 2021. “HACER® More Scholarship” recipients will be selected in October, allowing them to use the funds for the current academic year.

“Despite the difficulty of this time, students are showing their resiliency by continuing their education ,” said Santiago Negre, HACER® scholarship committee judge and head of McDonald’s National Hispanic Consumer Market Committee. “McDonald’s and our owner/operators are committed to our communities and customers, so we are honored to contribute to the educational pursuits of Hispanic students through the HACER® National Scholarship program, having done so for the last 35 years.”

The McDonald’s HACER® National Scholarship is one of the largest programs committed to college scholarships. Since 1985, it has awarded $31.5 million to Hispanic college students pursuing their higher education dreams. This year, in addition toreceiving scholarships, the 30 winners of the 2020 HACER® National Scholarship received a “tech backpack” that included a laptop, wireless mouse, and headphones—some of the tools needed to succeed in a virtual learning environment.

“It’s a huge relief to know even with the difficulties we’re all facing this year, like adapting to a new way of learning, keeping ourselves and our families safe, and more, that I no longer have to worry about the burden of tuition costs thanks to McDonald’s,” 1. “Coronavirus Economic Downturn Has Hit Latinos Especially Hard.” Pew Re search Center, Washington D.C. (August 4, 2020) https://www.pewresearch.org/hispanic/2020/08/04/coronavirus-economic-downturn-has-hit-latinos-especially-hard/ said Vladimir Rosales, one of the 2020 HACER® National Scholarship winners, awarded $100,000 to attend San Jose State University in California. “I’m thankful that this year McDonald’s is not only supporting me in achieving my higher education goals but is also giving another 100 Hispanic students the same opportunity.”

The McDonald’s HACER® National Scholarship is just one of many company initiatives created to educate the next generation of youth. This includes the Black & Positively Golden Scholarships for students attending Historically Black Colleges and Universities (HBCUs) and the McDonald’s/APIA Scholarship program for Asian and Pacific-Islander American students. The Archways to Opportunity program for crew gives eligible employees at participating U.S. restaurants the ability to earn a high school diploma, receive upfront college tuition assistance, access free education/career advising services and learn English as a second language.

Hispanic college-bound high school seniors and their parents are encouraged to visit mcdonalds.com/hacer for additional college resources in English and Spanish and for details on how to apply for the McDonald’s HACER® National Scholarship.

The scholarship application period for the next academic year opens on October 5, 2020 and runs through February 3, 2021.
HACER and McDonald's logo
ABOUT McDONALD’S
McDonald’s USA, LLC, serves a variety of menu options made with quality ingredients to nearly 25 million customers every day. Ninety-five percent of McDonald’s 14,000 U.S. restaurants are independently owned and operated by businessmen and women. For more information, visit www.mcdonalds.com, or follow us on Twitter @McDonalds and Facebook. www.facebook.com/mcdonalds .

Air Force Civilian Service

Air Force Civilian Service

Robert Half

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