Our network

National Organization Reaches Out to Hispanic Businesses | News

Title (Max 100 Characters)

National Organization Reaches Out to Hispanic Businesses

Local Hispanic businesses are getting some national attention from the U.S. Hispanic Chamber of Commerce which is in Las Vegas to hear the concerns of business owners.

Each new week brings more businesses that can't stay afloat and the U.S. Hispanic Chamber wants to stop this trend, before it gets worse.

Like many other businesses, Daniel Arroyo's handyman business has had to downsize drastically to stay open. 

"I have a lot of friends who are handymen, or with cleaning services, offices and carpets, before they were having three or four guys to do the work, now it's only one, like me, by myself," said Daniel Arroyo, Arroyo's Handyman.

He started his handyman business eight years ago. At one point, he had four fully-staffed trucks. Now, he has one truck and it also serves as his office.

"Before I got about 10 to 20 calls, now it's only one. I get a lot of calls but not for work," he said. Thriving or failing, the U.S. Hispanic Chamber of Commerce has fought to make sure these businesses aren't forgotten.

At another Hispanic-owned business, it's a different story. In a matter of months, Socorro Ulloa was able to grow her business from a small building to a larger one offering more options for her clients.

"A school where we teach dancing, modeling, acting and we're going to incorporate yoga and aerobics," said Socorro Ulloa, Ulloa Studios. When first starting her business, she turned to the local chapter of the Latin Chamber of Commerce for help and guidance.

"A lot of people don't know what the Latin chamber does for you or can do for you. There are a lot of seminars that we can go to, a lot of grants we can have and a lot of loans," she said.

"We represent three million small and medium-sized Hispanic business throughout the United States," said David Lizarrage, U.S. Hispanic Chamber of Commerce.

One recent change is that small and medium-sized Hispanic businesses will no longer have to pay a fee for loan applications, which could end up saving those businesses thousands of dollars.

The U.S. Hispanic Chamber of Commerce also got the lending program for Hispanic businesses expanded during this recession. Small steps that can mean the difference between staying open or closing.

U.S. Hispanic Chamber of Commerce was founded in 1979 and represents the interests of almost 3 million Hispanic-owned businesses in the United States. Those businesses generate nearly $400 billion dollars every year.