commerce
Hispanic-Owned Goya Foods Looks to Corner the Latin Food Market Via $300 Million Expansion
Goya Foods, the United States’ largest Hispanic-owned food company, has expanded its West Coast headquarters, developing a distribution center and a new facility in Southern California as a response to growing demands for Goya products among immigrant populations and Americans. The new West Coast facilities are part of a $300 million expansion. Within the U.S. …
Influx of South Americans Drives Miami’s Reinvention
MIAMI — As the World Cup played out over the past month, yellow-clad Colombians packed the Kukaramakara nightclub downtown, Aguila beers in hand, shouting, “Colombia, Colombia!” Outside, Brazilians in car caravans blasted samba music. Argentines, some in blue-and-white striped jerseys, jammed into nearby steakhouses and empanada joints. Around town, children filed into Sunday Mass, their …
Polk County Area Tops in Hispanic, White Income Equality
LAKELAND | Ana Rivera has seen a dramatic change in Polk County’s Hispanic business community during the past decade. “There weren’t nearly as many Hispanic businesses as there are now,” said Rivera, who has more than 35 years of marketing and merchandising experience with companies like J.C. Penney and Macy’s. She moved to Polk in …
Hispanic Business and Consumer Expo opened today
ORANGE COUNTY — Orange County Mayor Teresa Jacobs provided the opening remarks for the Hispanic Business Conference at 8:30 a.m. and opened the 2014 Hispanic Business & Consumer Expo during the celebratory ribbon cutting ceremony earlier today. The expo is taking place at the North Building of the Orange County Convention Center, 9400 Universal Blvd., …
The number of Latino business owners growing
(KTVX/CNN) – A new report says the number of Latino entrepreneurs in the United States has grown significantly and that’s boosting the economy. Jorge Fierro’s path to business started with a can of beans. “I went to get some beans at a supermarket, canned beans, and I was actually pretty disgusted by it,” Fierro said. …
Puerto Rico is bridge to U.S. and LatAm for Spanish investment, official says
Puerto Rico’s government is pushing a strategic plan to transform the Caribbean island into an “investment bridge” from Spain to the United States and Latin America and is offering fiscal and legal incentives to Spanish investors, Puerto Rican Secretary of Economic Development and Commerce Alberto Baco said in an interview with Efe. The new administration …
First Hispanic Business Leadership Summit Turns Spotlight on Government Policy Effects on Businesses
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 …
Innovating Under The Latin Influence
Innovation is the life blood of any successful business; without it ,companies cease to offer brands, products, services and experiences that delight their customers. Eventually, companies that don’t disrupt themselves with their own innovation get disrupted out of existence by more innovative players. But finding great new ideas and turning them into products and services …
Mood Media sells Latin American music division to Stingray for $16.3 million
TORONTO – Mood Media Corp. (TSX:MM), a provider of scents and digital signs to the retail industry, is selling off its residential Latin American music division to a Montreal-based company for $16.3 million. Stingray Digital, owner of the Galaxie TV digital music service, will buy the operations as part of an expanded supply agreement between …
Facebook To Help Brands Convert 55 Million U.S. Hispanics
In 2014 brands must finally resolve their fate with Hispanic consumers. Most companies see only the growing number of Hispanic consumers and their estimated $1.5B purchasing power in 2015, yet fail to authentically convert this opportunity to their bottom-line. Why? Across all industries, they continue to unknowingly create tension points with the community, making it …
Latin American, Caribbean dilemma: Many entrepreneurs, but little innovation
There’s little doubt that Latin American and Caribbean people are entrepreneurial. Nearly one in three workers in the region is self-employed or a small employer. While there is no shortage of regional enterprises, the problem is that most are very small — even after decades of operation, according to “Latin American Entrepreneurs, Many Firms but …
U.S. considering deal to expand trade in Americas
The Obama administration, which is negotiating separate free trade deals with Asian and European countries, is “exploring” a regional trade plan for the Americas that would be the most ambitious hemispheric initiative in years. U.S. Secretary of State John Kerry said in an interview that he would like to first seek an agreement to deepen …
Latin America May Be Advancing But Innovation Is Still Elusive
Around the world there is a consistent correlation between a country’s per capita GDP and how well it scores on innovation indices – the wealthier a country gets, the more innovative it becomes. Except, that is, in Latin America, which has seen countries across the region make a step up in terms of economic development …