“We are sitting on top of a positive detonator” of wealth creation, announced Ramiro Cavazos, the CEO of the US Hispanic Chamber of Commerce. Cavazos was discussing Latinx business potential at a forum hosted by the Institute’s Latinos and Society Program. Currently, Latinx companies account for one in four new US businesses and contribute $700 billion annually to the economy. Yet just 3 percent of Latino-owned businesses reach $1 million or more in revenue, leaving an estimated $1.47 trillion on the table compared with non-Hispanic, white-owned businesses. That’s why the Institute’s Forum on Latino Business Growth developed A Playbook for Scaling Latino-Owned Businesses with expert recommendations. The playbook promises “plays” to increase the number of scaled Latino businesses, create jobs, spur economic vitality, and drive wealth for more Americans. “The Latino business is not a foreign entity,” said Claire Kramer of the Federal Reserve Bank of New York at the publication’s February launch. “This is your neighbor, your colleague, someone you do business with.”
Turbo-Charging Latinx Business
Publications Section 4: Strengthening Practices to Improve Job Quality
Tools: Employee Ownership
View tools and resources related to employee ownership.
Job Quality Fellows Profile Series Longform
Centering Workers in Workforce Development
The Chicagoland Workforce Funder Alliance collaborates with employers and stakeholders to boost employment, earnings, and equity for local workers.
Job Quality Fellows Profile Series Longform
Lessons and Leadership To Foster Economic Justice for Illinois Workers
LEP trains workers to promote equity, enforce rights, build unions, develop leaders, ensure workplace safety, and advance economic justice.
Job Quality Fellows Profile Series Longform
Worker Owned and Worker Driven
While the rideshare apps have increased convenience, they’ve eroded job quality. See how the Drivers’ Cooperative is helping to end exploitative conditions.
Job Quality Fellows Profile Series Longform
Creating Employee-Owned Businesses That Provide Good Jobs and Succeed
Through employee ownership, The Industrial Commons is building a new Southern working class that erases the inequities of generational poverty.
Job Quality Fellows Profile Series Longform
Strengthening the Hidden Resilience Workforce
We see the effects of climate change, but we rarely see the people who help to rebuild — and they often lack safe conditions, decent pay, or benefits.
Job Quality Fellows Profile Series Longform
Advancing a Pro-Worker, Pro-Climate Agenda in Texas
The Texas Climate Jobs Project advances a pro-worker, pro-climate agenda — helping to solve the climate crisis while creating millions of good jobs.
Job Quality Fellows Profile Series Longform
Organizing and Coalition Building for Structural Change
LAANE, led by Job Quality Fellow Roxana Tynan, is fighting to build an economy rooted in good jobs, thriving communities, and a healthy environment.
Job Quality Fellows Profile Series Longform
Organizing Unemployed and Underemployed Workers
UWU, led by Job Quality Fellow Neidi Dominguez, engages unemployed/underemployed workers, a population that has not been mobilized at scale since the 1930s.
Longform
How Local Journalism Can Bring Communities Together
MIT Center for Constructive Communication Director Deb Roy explains how the caricatures Republicans and Democrats paint of each other diverge from reality, and the ways local newsrooms can leverage their “trust capital” and emerging technology to promote listening and understanding amid disagreement.