Important Hispanic business leaders gathered in Miami on Monday for the first annual Hispanic Business Leadership Summit to discuss government policies and their impact on Latino-owned businesses, stating that the state of these businesses can give key insights into programs such as Obamacare.
The summit, attended by 100 influential business icons, was put on by the Job Creators Network (JCN), an organization that hopes to stem government policies that have a negative effect on businesses and job creation.
Government policies such as Obamacare can add or relieve stress on different types of businesses and, according to recent reports, it looks like it isn’t too popular with small business owners. Rising overhead will, naturally, stand in the way of job creation.
“As Washington creates road block after road block to economic success in the private sector, the mission and the work of the Job Creators Network are only becoming more important,” said former Florida Governor Jeb Bush.
“I want to thank my friend, Bernie Marcus, and all of the leaders and members of JCN for defending our free enterprise system and fighting bad government policies. This first annual Hispanic Business Leadership Summit is a great opportunity to focus on ways to grow our economy in the coming years.”
According to U.S. Census data, Hispanics start businesses at a 33 percent greater rate than the rest of America, and it doesn’t seem to matter whether they are native-born or immigrants. The Kauffman Index of Entrepreneurial Activity, an important index concerning job creation in the United States, finds that immigrants are almost 90 percent more likely to start a business than a native-born Americans.
“Even in this painfully slow economy, Hispanics start businesses at twice the rate of the average American,” said Home Depot co-founder and Job Creators Network founder Bernie Marcus.
“With these business leaders on the leading edge of job creation, I’ve been amazed that there’s precious little information out there on how they’re surviving Washington’s job killing policies. This annual summit is a first step toward understanding and encouraging this important sector.”
Latinos are expected to be the fastest growing demographic in the United States for decades to come, prompting many politicians and businesses to refocus their efforts on what will clearly be a very influential group.
“Latinos will continue to drive the growth of the labor force in the coming decades — as they will account for 60 percent of the Nation’s population growth between 2005 and 2050 — so how Latinos recover from this recession is of both immediate and long-term importance to our economy,” reads White House document President Obama’s Agenda and the Hispanic Community.
The government document goes on to stress a number of key points such as fixing the broken immigration system, ensuring more education opportunities for Hispanic students and, as JCN so poignantly pointed out, the healthcare issue.
–Courtesy of Latin Post