Top Stories Complimentary Hispanic Business subscription
minority-owned dealerships, advocacy group, on chrysler, gm actions
Chrysler's decision this week to terminate a quarter of all its dealerships did not hit minority-owned companies as hard as initially feared. But a minority dealership advocacy group is nonetheless upset with the way the company is handling the situation, and has retained a law firm in preparation for a potential legal battle. The chief complaint? Chrysler is giving its terminated dealerships less than one month to prepare, while GM, by contrast, won't shut down dealerships until the fourth quarter of 2010.

Actor Robert Redford is partnering the state of New Mexico to produce "Sundance in New Mexico," a hands-on filmmaking program that will work with and train aspiring Hispanic and Native American filmmakers. Officially beginning on Saturday May 16 in Santa Fe, the program aims to bring Redford's knowledge of film to communities that do not frequently see an abundance of funding.

Hispanic Americans are strongly committed to achieving the American dream of a college education, a new nationwide survey by OppenheimerFunds shows. But in a troubled economy, that goal is "under siege," as only a small percentage are able to save up to make the dream a reality.

Executives at Ford Motor Co., the only Detroit automaker that has not sought government loans or submitted to government control, used to worry about having to compete with "U.S.A. Inc." But lately the automaker's strategy of independence has been paying big dividends. Analysts say Ford's gains have come at the expense of its Detroit rivals, whose troubles have been in the news from coast to coast since the end of last year.

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!

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.

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...
construction industry, stimulus money, distribution
If the unemployment rate nationwide is through the roof, then the jobless rate of the construction sector is in the clouds. But a massive $787 billion stimulus package could infuse new life into the nation's construction industry, spark thousands of new jobs and reinvigorate an economy deeply in the doldrums. Of the total, $27.5 billion is slated to benefit construction companies working on highways and bridges. Billions more will be devoted to construction projects in other domains. But will it help?

What would we do without our cell phones? A decade ago they were merely a convenience. With added features like Internet, e-mail, GPS, extended coverage, unlimited minutes, and mobile messaging, their importance has eclipsed most other forms of personal business technology. Naturally, we want to protect them. The Zagg invisibleSHIELD is a film that is custom-cut for your device. When properly applied, the clear sticker protects your phone and is barely noticeable. In other words, the compelling form that prompted you to pick that smartphone in the first place does not need

Renewable energy and so-called green initiatives are only a fraction of the bulging stimulus package that President Obama envisions creating or protecting 3.5 million jobs over the next two years. As part of it, he calls for a doubling of the amount of renewable energy produced in this country during the next three years. People in the industry, indeed, appear to be gearing up for a new era in energy development.

Amid persisting news about an uncertain economy, it is inspiring that nonprofit organizations continue to forge ahead in the face of multifaceted challenges. In the 10 years this story has appeared in these pages, finally Hispanic nonprofits report what could turn out to be an institutional milestone. With the help of community human resources, they have made a breakthrough of sorts in their efforts to catch the attention of large California foundations.

Events
Hispanic Business Media presents Hispanic Business Magazine's 7th Annual Woman of the Year Awards Gala
At Hispanic Business, we are proud to take special time out each year to honor a select number of exceptional Hispanic Women at our annual Woman of the Year Awards. This year's event will be held June 4, 2009 at the Hilton Americas, Houston Texas. For more information, please visit http://hispanicbusiness.com/events/




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