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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

WHEN MOST people are asleep, Roberto N. Allen is hard at work.
Copyright (c) 2005, The Baltimore Sun

It is not uncommon for Allen, an attorney at Saul Ewing LLP, to crank out e-mails at 3 a.m.

"I am not a creature of routine," he said. "Sometimes it could be midnight, sometimes it could be later."

What keeps him up is the Baltimore Hispanic Chamber of Commerce's surging membership. Allen, 39, is in his second year as president of the chamber, which was started in November 2001. When he joined it in March 2003, there were 12 members. Today, there are more than 150. They come from Hispanic-owned companies such as Respira Medical and big employers such as McCormick & Co., the Sparks flavor and spice manufacturer. Growth is so rapid that by year's end the chamber could have 250 members, Allen said. "They are rolling in," he said. "Every time we have a party or a function, half of the people are new. Our sphere of influence is much wider." The chamber is growing because more Latinos are moving to Maryland and Baltimore.

From 1995 to 2000, Maryland's Hispanic population increased nearly 50 percent to 234,084. Over the same period the Baltimore region's Hispanic population grew over 30 percent to more than 50,000. "It is a very dynamic group," said Aris Melissaratos, the state's secretary of business and economic development. "I think they have great potential. Any group that is growing as fast as they are can be politically powerful."

McCormick knows the power of this growth trend nationally. Sales to Hispanic consumers represent about 15 percent of its $800 million a year domestic spice and seasoning business. It plans to advertise on a major Hispanic television network for the first time this year. The Hispanic market is "extremely important to us," said Alan Wilson, president of U.S. consumer products at McCormick. Mexicans, in particular, associate the company with mayonnaise. In Mexico, McCormick's mayonnaise is as popular as Hellmann's is in the United States. "We are importing McCormick mayonnaise from Mexico and selling it in markets where there is a high level of first-generation Mexican-Americans," Wilson said.

Allen, a business attorney, puts in about 20 hours a week on chamber work. He fields calls from the media, answers queries from potential members, organizes get-togethers with state legislators and bangs out e-mails when a member wins a contract. Hispanics moving to Baltimore generally come from El Salvador, Nicaragua, Guatemala, Mexico and Honduras. Allen hopes the migration could mean opportunity for local Hispanic businesses. The chamber met with officials from those countries and the Dominican Republic last year to talk about trade. In the spring, the chamber plans to bring officials from these countries to tour the port. The port could be ideal for trucking goods throughout the Eastern Seaboard. Also, as Baltimore's Hispanic population grows, products such as cheese, soaps, clothing and coffee from Latin America will be in demand, Allen said. "They want the brand that they had at home," Allen said.

Allen, a native of Cuba who grew up in Miami, moved to Baltimore in 1988 and earned a master's in mathematics at the Johns Hopkins University. He graduated from the University of Maryland School of Law in 1997 and joined Saul Ewing in 1999. He sees part of his mission as convincing people that not all Hispanics in Maryland are landscapers or kitchen and construction workers. "We are lawyers at big firms, we are financial advisers at Morgan Stanley, we are in state and local government," Allen said. "We are a part of the fabric of society. ... We have a lot to contribute."


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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