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Baltimore Business Journal

La Revista electrónica de la comunidad hispana del area metropolitana de Baltimore-Washington DC
The Electronic Newsletter of the Hispanic community of Baltimore-Washington DC metropolitan area

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Business

From Luis Borunda, Baltimore Hispanic Chamber of Commerce

The Informant, Volume 4, Issue #38 -- Wednesday, October 1, 2003

-- Resources --
Financing Basics
Whether you're starting a business or expanding one, sufficient ready capital is essential.
http://email.hbinc.com/n.asp?n=12853

Franchising 101
Because of the risk and work involved in starting a new business, many new entrepreneurs choose franchising as an alternative to starting a new, independent business from scratch. Is it for you?
http://email.hbinc.com/n.asp?n=12852

Making the Hispanic Market More Accessible
It's common knowledge that the U.S. Hispanic market is growing in leaps and bounds, yet many small- and medium-sized business don't know how to attract that audience.
http://email.hbinc.com/n.asp?n=12839

-- RedWire Network --
Featured Company
Company: The Media Network, Inc.
City: Silver Spring
State: Maryland
Year Established: 1997

Add your company / Search companies:
http://www.hispanicbusiness.com/redwire/

-- Headlines --
6th Annual BOE U.S. Hispanic Economic Summit
The 2003 U.S. Hispanic Economic Summit hosted by the Hispanic Business Magazine Board of Economists (BOE), will be held on October 16, 2003, at the Organization of American States in Washington, D.C.
http://email.hbinc.com/n.asp?n=12480

Farewell to Hispanic Broadcaster Pete Moraga
Pete Moraga, a longtime Los Angeles broadcaster who worked to improve the image of Hispanics through the news media, has died. He was 77.
http://email.hbinc.com/n.asp?n=12850

GOP Needs More Than Empty Palabras to get Latino Vote
Republicans are stepping up their efforts to peel votes away from Democrats who historically have received the lion's share of the Latino vote. Will a smattering of Spanish do the trick? Probably not, but it certainly won't hurt.
http://email.hbinc.com/n.asp?n=12840

North Hollywood Business Woman Adds Salvadorian Flair to Paper Products
North Hollywood resident and business entrepreneur, Patricia Reyes, last month launched ColoReyes Paper Products T, a new company offering a colorful selection of paper products incorporating unique designs based on a regional Salvadorian painting style.
http://email.hbinc.com/n.asp?n=12818

Cuba: Now Or Never?
In March, the Bush administration issued two sweeping changes: Cuban Americans would be able to visit Cuba more often and without a compelling humanitarian reason, but travel permission would no longer be given for educational and cultural tours.
http://email.hbinc.com/n.asp?n=12806

Music Industry Weighs Its Legal Options
Should the record industry license its music to online sharing services in return for a user fee?
http://email.hbinc.com/n.asp?n=12805

Latinos Criticize First Data Merger
Latino activists said Thursday they are lobbying the Department of Justice to stop First Data Corp.'s $7.8 billion acquisition of Concord EFS Inc. because it would damage competition in the cross-border money transfer business.
http://email.hbinc.com/n.asp?n=12781

UC Berkeley Report Debunks Myths About California Fiscal Crisis
A new report on the causes of California's fiscal crisis and the myths about its jobs and tax environment was released today by the Fisher Center for Real Estate and Urban Economics at UC Berkeley's Haas School of Business.
http://email.hbinc.com/n.asp?n=12755

Study Details Hispanic Online Population
A new study by comScore Networks has fleshed out the Hispanic audience online, finding it to have a higher average income and spends more time online and viewing more pages than the overall online population.
http://email.hbinc.com/n.asp?n=12749

The California Recall: Hispanic Issues
A federal appeals court Tuesday reinstated California's governor recall election, rejecting a judge's panel decision to put it off for months. Hispanic voters make up approximately 16 percent of the state's electorate and are considered a crucial voting block.
http://email.hbinc.com/n.asp?n=12736

Wisconsin to Seed Venture Fund to Aid Minority Firms
Gov. Jim Doyle is targeting minority-owned businesses in his "Grow Wisconsin" economic recovery plan with programs and initiatives aimed at stimulating job creation and offering financial assistance.
http://email.hbinc.com/n.asp?n=12732

Venture Capital's Dilemma
The venture-capital industry is facing an embarrassment of riches. Venture firms have a staggering $84 billion in their coffers to invest, a near-record amount. But the flood of money could turn out to be more bane than boom.
http://email.hbinc.com/n.asp?n=12681

-- Magazine --
100 Most Influential Hispanics
As Hispanic leaders reach new levels of success and status, they dispel stereotypes and set the precedent for further progress.
http://email.hbinc.com/n.asp?n=12825

An Evening with the Brain Trust
Academics, diplomats, investors, and CEOs come together to discuss public policy at the U.S. Hispanic Economic Summit.
http://email.hbinc.com/n.asp?n=12822

-- Events --
Viva Broward
Wednesday, October 1, 2003
Fort Lauderdale

UCLA Chicano Studies Research Center Annual Fall Open House
Wednesday, October 1, 2003
Haines Hall 144, UCLA Campus

2003 SACNAS National Conference
Thursday, October 2, 2003
Albuquerque Convention Center -- Albuquerque, New Mexico

View more information on all of our featured events:
http://www.hispanicbusiness.com/community/calendar/

-- Featured Jobs --
Citibank North America
Client Financial Analyst
http://email.hbinc.com/n.asp?j=676328

Citibank North America
Business Banking Officer
http://email.hbinc.com/n.asp?j=676326

Tenet Healthcare
-BUSINESS DEVELOPMENT
http://email.hbinc.com/n.asp?j=668133

Hispanic Business, Inc.
NEW MEDIA SALES MANAGER
http://email.hbinc.com/n.asp?j=65700


Hispanic CofC members lay out vision

by Aruna Jain
Staff Writer

Members of the Hispanic business community laid out a vision of their future at the launch of the new Prince George's Hispanic/ Latino Chamber of Commerce at Julita's Restaurant in Hyattsville Thursday evening.

President Lourdes Washington told the attendees that the chamber will provide important resources for Hispanic business owners.

"This is an opportunity to disseminate information that a lot of Hispanic businesses don't know about," she said. "We want to help with contract procurement and networking opportunities and more."

Washington ended her speech by saying "en la union esta la fuerza" or "unity is strength."

This sentiment was repeated as guests ate pastelitos, Russian salad, meatballs and more, provided by Julita's Restaurant owner Eduardo Island. Island is also vice president of the new chamber.

Hyattsville city Councilman Carlos Lizanne, owner of grocery store El Compadre and the city's first Latino councilman, said that the establishment of the new chamber is a step in the right direction.

"We need these kinds of institutions for the improvement of businesses," said Lizanne, who also is a member of the Salvadoran Chamber of Commerce. "We have to progress. This is a wonderful step."

Rosa Amo, executive director and co-founder of the new chamber, said that it was long overdue.

"I feel like I'm at the Latin Grammy awards," Amo said as she placed membership applications on a table. "It [the chamber] recognizes how Hispanic businesses are growing in the county."

Jaime Victoria, an associate agent with Nationwide Insurance said that a lot of the time, Hispanic business owners come into his offices to get insurance, but have no idea what insurance is available, much less what they need for their particular business.

"It's more than selling a policy," Victoria said. "They want to know more, they want to know how to navigate the system. You can come to this event to network and to get your message across."

Nationwide Insurance started its Hispanic initiative in 1999 to focus on that demographic to bring in more customers, Victoria said.

"The Hispanic business community has been neglected for years," he said.

County Council Chairman Peter A. Shapiro (D-Dist. 2) of Mount Rainier said that organizations like these empower a community.

"We will be successful if we organize," said Shapiro, who serves the communities of Hyattsville, Langley Park and Adelphi. "That kind of power goes a long way. That's how we build our identity."

Shapiro said the Hispanic community is growing, not only in Hyattsville and Langley Park, but in Riverdale and even as far south as Accoceek.

"Fifty percent of the people I represent are immigrants. Thirty percent are Latino," he said. "In many ways, the Latino community is the future of the county."

Shapiro said that the Langley Park and Hyattsville area is trying to re-brand itself as Maryland's "international corridor."

"It has the potential to be the next Adams Morgan," he said.

Moussa Toure, who owns the new 300-seat restaurant Coco Cabana in Hyattsville, agreed. He also owns two restaurants in Washington, D.C., including one in Adams Morgan.

"With the amount of the Latin community in Langley Park, they need representation; they need guidance," Toure said. "It'll be another plus for this neighborhood."

In addition to politicians and business owners, several organization representatives were at the event.

The Washington Suburban Sanitary Commission, the chamber's first corporate sponsor, sent two representatives.

Necola Shaw, head of Lanham's nonprofit National Capital Minority Business Opportunity Commission urged business owners to contact her about securing contracting opportunities. She said that the NCMBOC's mandate is to provide at least $458 million in contracting opportunities and to provide $15.6 million in loans to help minority businesses. She mentioned the recent memorandum of understanding NCMBOC had signed with BB&T bank to provide access to capital and other forms of financing.

Prince George's Community College President Ronald Williams and Del. Victor Ramirez (D-Dist. 47) of Mount Rainier are honorary members of the chamber.

By the end of the night, founding member Henry O. Aldana, who owns an accounting firm in Rockville, said he signed on 13 new members and that the chamber now has a total of 20 members.

Anthony Ramos, owner of Fatzo Catering in Washington, D.C., was one of them.

"I think I need to be involved in anything the community is a part of," Ramos said. He is currently looking into expanding his service into Largo or Beltsville.

William Campos, Hispanic liaison to County Executive Jack B. Johnson, was one of the last speakers.

"African-Americans and Hispanics make up most of the county," Campos said. "That's not a minority. That's a majority."


The Maryland Department of Business and Economic Development (DBED) and Baltimore City Community College (BCCC) will offer a series of breakfast seminars aimed at helping small and minority businesses. The “Wednesday Workshops,” which will take place every Wednesday morning in September (September 3, 10, 17, and 24), will address the specific needs and training of small and minority owned businesses in the metropolitan area. Included in the four workshops will be detailed information to help businesses find the tools, resources and ideas needed to enhance business development.

“Small businesses, including minority participation, are vital to the continued growth of Maryland’s economy - making up 95 percent of all Maryland companies and employing nearly 40 percent of our workforce,” said Aris Melissaratos, Secretary of the Department of Business and Economic Development. “In order for Maryland’s small businesses to succeed they need greater access to capital, information, resources and opportunity. Our partnership with BCCC in offering these workshops will help to achieve that goal.”

Participants will have the opportunity to meet renowned speakers and panelists from the national and local business community. Speakers will demonstrate how to navigate through the maze of Procurement, Marketing, Finance and New Technology.

The breakfast seminars will run from 7 a.m. to 10 a.m. and cover the following topics:

September 3 - Marketing Strategies, Branding and Public Relations

September 10 - Financial Planning, Sources of Capital and Growth Strategies

September 17 - Procurement Opportunities, Pros and Cons of Certification and Client Diversification

September 24 - Technology Applications for Small Business, Technology Trends and Electronic Commerce

Interested parties can sign up for the entire conference series or choose the breakfast topic that is of the most important to them. The conferences will take place at the Radisson Hotel At Cross Keys, 100 Village Square, Baltimore. Register at www.WednesdayWorkshops.com <http://www.wednesdayworkshops.com/> or call (410) 757-0905.-

The Latin Palace

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