Posts Tagged ‘business’

MINORITY REPORT: America Will Be Defined By These Huge Demographic Shifts

Tuesday, June 26th, 2012


(Business Insider) The days of hand-wringing about urban decay have given way to a recognition of cities as key engines of the national and world economies, and with that recognition has come a greater understanding of the role that people play in their dynamism. 

For our discussion of the best places to live twenty years from now, we choose to focus on America’s metropolitan areas—large cities and the nearby towns, suburbs, and exurbs with strong economic, social, and cultural ties to them.

Today, enterprises of all types are less likely to move their employees with them when they relocate, but rather look for a place that already has a well-educated, competitive workforce.

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Government Contracts With Hispanic Owned Businesses Fell For First Time In Decade

Friday, May 18th, 2012


(Huffington Post) For the first time in a decade, U.S. government contracts with Latino-owned small businesses fell.

According to last year's federal procurement report, contracts to purchase supplies, goods or services from Latino-owned small businesses dropped by $7.89 billion, or 7 percent compared to the prior year. Small firms with African-American owners also faced an 8 percent drop, or $7.12 billion decrease in contract spending last year.

Contact spending with minority-owned business fell at a far faster clip than did total government spending in the private sector. In fact, total contract spending dipped by only 1 percent, The Washington Post reported

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‘Modern Family’ Sofia Vergara star launches Kmart home collection

Wednesday, May 16th, 2012


( Sofia Vergara, star of the highly-acclaimed television seriesModern Family, is expanding her Kmart product line with the launch of a home collection. It is part of the retail chain’s attempt to offer a diversity-based approach to attracting customers.

Vergara was recruited by Kmart to introduce a line of apparel with a Latin flavor last year. The successful launch last fall led to this new product line to be in stores later this year.

"The expansion of the Sofia by Sofia Vergara collection into Home provides our customers with yet another beautiful design option when decorating," said Nick Grayston, SVP and president footwear and home for Sears Holdings.

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Growing Asian-American Communities Underrepresented

Tuesday, May 8th, 2012

(Epoch Times) Asian-Americans are the fastest-growing community in the United States and their businesses are more likely to create jobs than any other, but they are largely ignored by government and political parties, according to recent research.

The Asian-American population grew 46 percent, to over 17 million, between 2000 and 2010—faster than any other group, including Latinos, the 2010 U.S. Census reported.

Asian-American entrepreneurs are also great drivers of the economy, owning more than 1.5 million businesses, employing around 3 million people, and turning over an annual payroll of nearly $80 billion.

This success, however, tends to overshadow real needs that exist in Asian-American communities.

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Why Asian American spending power catches advertisers

Sunday, April 15th, 2012


(BBC) Asian Americans are the fastest-growing minority group in the US, according to census data, and brands have found a new interest in this valuable consumer group.

Despite their growth, though, Asian Americans make up only 5% of the US population and remain very fragmented, with many different cultures and languages all living in the same country.

"You can't look at it as selling only to the 5%. We are looking at how this 5% is influencing the other market as well," says Julia Huang, CEO of interTrend Communications, an advertising agency that focuses on Asian American advertising.

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Lessons from Marion Barry’s anti-Asian comments

Tuesday, April 10th, 2012


(Washington Post) The latest Marion Barrycontroversy burned bright Thursday, but it’s now mostly burnt out.

In case you missed it: Barry (D-Ward 8) made comments late Tuesday at his primary night victory party suggesting that the Asian-American owners of businesses in his ward run “dirty shops” that “ought to go.” After the comments were reported late Wednesday, the rebuke was swift, and by Thursday evening, Barry hadtendered an apology of sorts.

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The United States Can Learn A Lot From Hispanics If Given The Opportunity

Wednesday, September 28th, 2011

(Huffington Post) Earlier this year, I was invited by Mayor Villaraigosa's office to attend LA's Best Hosted a Panel Discussion Event with U.S. Secretary of Education Arne Duncan at the Edward R. Roybal Learning Center in Los Angeles in support of the campaign that is focused on inspiring people of color (and in particular Latinos) to consider teaching as a profession. Panelists also included Los Angeles, Mayor Antonio Villaraigosa, John Legend, Oscar de la Hoya and others.

While the panel discussion was inspiring, it was quite disappointing to watch Secretary Duncan struggle to answer questions from Latino high school students who wanted to hear the honest truth about their future. Instead, these students heard a confused, unacculturated leader who was disconnected with the realities of what Hispanics are faced with in the US. It was clear that Secretary Duncan lacked an understanding of the pain that Latinos are feeling in their schools, in society and in the workplace. But he is not totally at fault. Our own Hispanic community has not been effective at educating our government leaders. Secretary Duncan's lack of understanding is the same that exists amongst C-Level executives in America's Corporations.

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