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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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Dear Roberto:
Couple of days ago, I was on the Rush Limbaugh Radio Program. The topic was the discussion about an article on the Boston Globe on the unemployment rate and how "bad" the economy is (according to the source)... his point was that although we do have unemployed people, may of us has become self employed and started our own business...this was illustrated by my small story....
"13 years ago, I came from Argentina (in other words and immigrant, 2 years ago became citizen after being resident for a while, and almost less than 1 1/2 ago I was lay off from a big corporation... for 6 -7 months I looked for a job (up and down, left and right) and I could not get one... "necessity" made me more creative than ever and formed my own Company "SZ Global". SZ Global assists small and medium size firms to take their products abroad. "
Not only I do have a job... but I love it and more important " I am in control of my destiny rather than the corporation..." The key is hard work, passion and honesty. So, if this so call "bad economy" enable us to be better... I take it knowing that the reward is around the corner. I am thankful for being part of this great Land of Opportunity.
I thought in sharing this with you since the BHCC has being very supportive of my venture. I have also learnt tremendously from other members.
Best regards,
Silvia Zumarraga

Thank you, Silvia, for sharing this. I am glad you feel the BHCC has played some role in the process of realizing your American dream. Keep working hard, and we look forward to continuing to work with you!
For those of you who don't know, Silvia has been instrumental working behind the scenes with Ingrid Herrera and me on the Central American trade initiative that the Baltimore Hispanic Chamber of Commerce is working on. We are talking to the embassies of the Central American countries to bring their commercial/trade ministers and/or ambassadors to Maryland to meet with the Hispanic business owners here with roots in Central America to discuss how we can leverage our capabilities here and connections down there to develop more economic ties between Maryland and Central America. This is an initiative about which both Aris Melissaratos and Governor Ehrlich have expressed their support and enthusiasm. Stay tuned . . .
Roberto Allen, President
Baltimore Hispanic Chamber of Commerce
 

HISPANICS WANT IN ON SLOTS DEALS

By Robert Redding Jr.

THE WASHINGTON TIMES

-----------------------------------------------------------

ANNAPOLIS — A leader of Hispanic Republicans in Maryland says he doubts that black lawmakers legally can broker a deal to secure ownership of two proposed slot-machine emporiums, but adds that Hispanics also might be interested in casino ownership.

"There would be a question mark in my mind as to whether or not minority ownership of slot emporiums or other gambling venues could actually be legislated or whether that would be where the lawyers take over," Luis Borunda, chairman of the Hispanic Republicans of Maryland, told The Washington Times.

"But if it is something that could be legislated, then I am sure that other ethnic minorities — including Hispanics — would be interested in investing in Maryland's economy from a national perspective," Mr. Borunda said.

His group has 45 members and recently became the state party's official Hispanic outreach arm.

The Times reported earlier this month that leaders of the 42-member Maryland Legislative Black Caucus would support Gov. Robert L. Ehrlich Jr.'s most recent plan to put 15,500 slot machines at four racetracks and two other sites along Interstate 95 if blacks are guaranteed ownership of the two off-track sites.

Mr. Borunda said he has no plans to talk to Mr. Ehrlich, a Republican, about Hispanic ownership of gaming venues but is certain "some segments of the Hispanic community are interested in gambling."

Mr. Ehrlich's original plan to put about 11,500 slot machines at four tracks passed last year in the Senate but was killed by the Democrat-controlled House Ways and Means Committee.

The governor wants to use slots revenue to pay for the Thornton Education Reform Act, which attempts to close the disparity between rich and poor school districts. He said slots would generate $800 million a year if all 15,500 machines were operating.

House Speaker Michael E. Busch, Anne Arundel Democrat, wants to finance the act with a 1-cent sales-tax increase.

All 42 members of the black caucus are Democrats and represent an important bloc of votes for Mr. Ehrlich, who says "minority involvement" is essential to the success of his slots legislation.

However, at least two caucus members and black church leaders remain opposed to any slots legislation.

Still, Mr. Borunda lauded the black caucus' effort with Mr. Ehrlich.

"There are forces out there that would like nothing better than to see minorities divided on economic issues," Mr. Borunda said.

"We know that, and we are not going to play into that. Whoever the African-Americans are that are brokering this deal, that is great for them. I don't personally have any animosity toward them."


From Luis Borunda, Baltimore Hispanic Chamber of Commerce

-- 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 --

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

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


-- 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


The Latin Palace

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