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Congress debates a Hispanic American Museum
Hispanics colonized the New World, discovered Florida, fought for the United States in every major war, shaped cities like Miami and Los Angeles and have become a sought-after electorate. But no national museum exists to tell their story exclusively. Rep. Ileana Ros-Lehtinen, R-Miami, hopes that will change in a few years. She is the lead Republican sponsor of a bill recently passed by Congress that paves the way for the National Museum of the American Latino, the first of its kind. Rep. Xavier Becerra, D-Los Angeles, conceived the idea five years ago.

More U.S. Venture Capital Pours into Clean Tech
Clean technology grew in strength in the United States as increasing amounts of venture capital flowed into the sector in the second quarter of 2008, a new study has shown.

Controversial Bill Dropped; Deal Boosts California Minority-Led Nonprofits
In response to a controversial bill that would have exposed the lack of investment in minority organizations, ten of California's largest foundations recently proposed a multimillion-dollar, multi-year investment in the minority community. Assemblyman Joe Coto, who authored the legislation, was pleased by the proposal and followed the announcement by dropping his bill. Hispanic Business magazine reported in May that less than 1.2 percent of grants by foundations that assist minorities go to Hispanic nonprofits.

IndyMac: Synopsis of a Financial Institution's Fall
On Friday, after most businesses had shut their doors for the weekend, the United States Office of Thrift Supervision shut the doors forever on a $32 billion bank. IndyMac Bank's specialty revolved around "Alt-A" mortgage loans, a strategy that backfired as the housing market turned. In a statement, the OTS pointed to a letter sent--and released to the public--by United States Senator Charles Schumer as the catalyst for "the immediate cause of the closing."

HispanTelligence Research
Hispanic Economy in Transition Cover Art
Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S. Hispanic purchasing power has rapidly increased. This report takes an in depth look at how today's Hispanic Economy is transitioning into an economic power in the U.S. Click here for the executive summary and table of contents!

Hispanic-Owned Businesses: Growth Projections to 2012
The number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion, according to new estimates by HispanTelligence. Spurred by growing entrepreneurial trends and affluence among the nation's largest minority population, the increase is expected to come at a robust rate of 8.5 and 8.7 percent, respectfully, over the next couple years.

Purchase the 2007 Hispanic Business 500 Directory
For more than two decades, the annual Hispanic Business 500 directory has served as a barometer of the U.S. Hispanic economy. A purchase of the 2007 directory provides the top 500 Hispanic-owned companies list in Excel format including: CEO names; company addresses and telephone numbers; e-mail addresses for 375 companies and Web addresses for 430 companies; and company revenue and employees numbers for 2005 and 2006.

From the current issue of Hispanic Business magazine...
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The Hispanic Business 500 is here
The Hispanic Business 500 have endured turbulent economic times before, but market conditions proved especially bearish for U.S. Hispanic companies in 2007. Revenues for this year's HB 500 slid backwards 0.6 percent to $36.1 billion. It is the first such dip since 2002, and only the third in the directory's 26-year history. It should come as no surprise that more than 41 percent of CEOs cited market conditions as the top barriers to growth in 2007.

Quarterly Economic Forecast: Retail and Service Sectors Hold The Line
The Hispanic Businesses 500, which contains some of the nation's most dynamic and well-established firms, saw a worrisome 0.6 percent decline in total revenues in 2007. A review of the 2007 economic accomplishments of the 500 largest Hispanic companies suggests that Wall Street's failings were significantly impacting Main Street in 2007.

Top Hispanic-owned Green Cos. Remain Optimistic
This year, for the first time, Hispanic Business magazine is tracking the top Hispanic-owned 'green' businesses, while keeping a finger on the pulse of this rapidly evolving industry. Of the Hispanic Business 500 companies, at least 13 are significantly involved with environmental restoration, cleanup, engineering, or management of some other type of green enterprise.






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