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Thursday, August 9, 2001

Volume 2 Issue 32

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In the news this week...

Study Presents New Research on Hispanic Demographics
A new research study from The Media Audit, sampling almost 10,000 Hispanics in 85 U.S. markets, notes that the Hispanic communities in each of the metro markets surveyed are distinctively different. In New York City, Miami, Los Angeles and Houston the Hispanic communities come from different countries and cultures.

Over a Million Dollars Awarded to Promote Ethnic Philanthropy in New York
With a $149,500 grant from the New York-based AXA Foundation and a $360,000 grant from W.K. Kellogg Foundation, the Coalition for New Philanthropy announced today that it has raised more than $1 million to finance its three-year initiative to encourage and promote long-term, strategic philanthropy among African Americans, Hispanics, and Asian Americans in New York.

A Cloudy Picture for Azteca America
It’s been a long year of false starts, shifting stock market trends, and plain bad luck for Azteca America, the Spanish-language TV venture involving Mexico’s TV Azteca and Pappas Telecasting of Visalia, California.

El Sitio’s Board Approves a Reverse Share Split
El Sitio, Inc. announced that its Board of Directors has approved a 1-for-10 reverse share split for its common shares. The move is an effort to enable El Sitio to comply with the minimum share price requirements of The Nasdaq National Market and to preserve the listing of El Sitio’s common shares.

Corporate Diversity Ads Miss the Mark
A study released by the Hispanic employment website LatPro found that most corporate diversity advertising campaigns reach don't reach the intended target. According to the study, these corporate ads channeled to media attract few minority readers, where costs run as high as $5 per minority reader.

Report: Census Undercount Could Cost States Billions
This week, PricewaterhouseCoopers released a report estimating that the 2000 census undercount could result in a federal funding loss of more than $4 billion in 31 states and the District of Columbia, with a majority of the funds lost ($3.6 billion) in 58 of the nation's largest counties over the next ten years.

Hispanic Workers Help U.S. Firms Thrive
Throughout the nation, unskilled-labor companies are turning to Hispanics to fill job vacancies. The switch to Hispanic workers has led to new discussions about the country's immigration policies -- some of which limit the number of foreign workers each year.

Could Spain Be Europe's Next Big Private Equity Market?
Two announcements this year signaled the remarkable -- and unheralded -- development of a burgeoning private equity culture in Spain.

Why School Often Stops Too Soon for Hispanics
Hispanics are the only ethnic group expected to experience an increase in high school dropouts in the next decade, according to a new report exploring the issue.

New SBA Chief Aims to Help Constituents
Hector V. Barreto Jr. is known in Los Angeles for his business advocacy and community interests, not as a bureaucrat. The new administrator of the U.S. Small Business Administration has spent more than 10 years in business for himself, so he knows the time and money demands small-business owners face.

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Articles from HISPANIC BUSINESS magazine:
Hispanic Business magazine

Opening the Door to VC
Intent on increasing access to capital for Hispanics and other minority entrepreneurs in the technology sector, a national coalition of businesses and organizations known as i-DealFlow will sponsor a venture capital fair November 2 in Atlanta.

The 2001 HISPANIC BUSINESS High-Tech 50
Revenues for the 50 largest Hispanic high-tech companies in the nation totaled $2.27 billion last year, an increase of nearly 19 percent from the previous year’s total of $1.91 billion.

Hispanic Business Magazine

Visit our other sites!

HispanTelligence.com contains quantitative data and a qualitative analysis on the U.S. Hispanic market. It allows researchers and business planners to access data on the Hispanic market.

HireDiversity.com, the recruiting branch of the family, offers an efficient place for minority job-seekers and diversity-minded employers to meet. The site also offers an array of diversity news.

SuperOnda.com is the site of the sister magazine of HISPANIC BUSINESS. It aims at passing along the Hispanic heritage of success to the next generation of young Hispanics. The site features a list of the best schools for Hispanic students, career development resources, musical and entertainment reports and much more.

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