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Last modified on Wed 26 May 2021 05.47 EDT At a block party in Bell, California, a predominantly Latino Los Angeles suburb, food trucks, jewelry booths and other eclectic vendors lined the roads and walkways earlier this month. Multi-generational families brought their abuelitas and teenage kids, savoring the perceived unwinding of a more than year-long pandemic. âIt was just an opportunity, just to get out of the house and smile,â said David Favela, CEO of Border X Brewing, the eventâs co-sponsor. In many ways, the celebration marked a return to form. Favela is all about community and culture, and from loterÃa to Latin jazz, there was always something happening at his breweries in Bell and San Diego. ....
Latino-owned businesses seeing record growth despite racial disparities in lending and last updated 2021-02-18 14:32:35-05 New research is showing racial bias in banking, particularly toward the fastest growing group of small business owners in the United States: Latinos. Data collected by the Stanford Latino Entrepreneurship Initiative shows Latino business ownership grew 34% over last 10 years compared to 1% growth from all other business owners. In addition, Latino businesses grew revenue at a faster rate and Stanford Universityâs research shows the growth is seen in all sectors, not just the service sector. Even more, the trend has been tracked across the U.S. in 45 out of the 50 US states. ....