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Monday
Nov012010

Latinas Open New Small Businesses at Six Times National Average

Photo Courtesy - Getty Images(MIAMI, FL) -- Washington's emphasis on small business as the engine of the economy is not falling on deaf ears in the Hispanic community.  It's especially resonant with Hispanic women who are opening small businesses at six times the national average.

Nationwide, more than 750,000 businesses -- 37 percent of all Hispanic businesses -- are owned by Latinas and generate close to $50 billion in revenues, reports the Miami Herald.  It may be much more than a hunger for self-determination driving them.  It's an economic necessity that they take matters into their own hands.  Non-Hispanic women are making 79 cents for every dollar that a man makes, but 2009 U.S. Census data show Latinas earn 59 cents.

Its not easy.  Forty-two-year-old entrepreneur Irela Bague told the Herald she is always on the run. "My days are schizophrenic, but I'm a single mom and I own my own company and I'm the chair of a large charity in our community -- the Girl Scout Council of Tropical Florida -- and my days go from one thing to another.''

The Washington D.C.-based National Hispana Leadership Institute is bringing its annual conference and  Awards gala to  Miami Thursday and Friday.
Copyright 2010 ABC News Radio






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