{"id":5063123,"date":"2024-09-16T08:00:00","date_gmt":"2024-09-16T08:00:00","guid":{"rendered":"https:\/\/illatinonews.com\/?p=5063123"},"modified":"2024-09-16T08:00:00","modified_gmt":"2024-09-16T08:00:00","slug":"presente","status":"publish","type":"post","link":"https:\/\/latinonewsnetwork.com\/illn\/2024\/09\/16\/presente\/","title":{"rendered":"\u00a1Presente!: Latino Businesses May Be The U.S. Economy\u2019s Best Bet"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Latino business owners play a pivotal role in Chicago and Illinois&#8217; economy; they bring new products and services to the neighborhoods where they operate and generate local jobs and tax revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the series premiere of \u00a1Presente!, host Francia Garcia Hernandez spoke with Dayana and Jessica Klein, the Venezuelan sisters behind Klein\u2019s Bakery in Lakeview. They shared their journey of opening a business seven years ago. <\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\u00a1Presente! *PREMIERE EPISODE* September 12th @7:00PM\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/6i4AnYRAClY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a1Presente! is a news program highlighting leaders who are showing up for their communities by actively fostering grassroots solutions to challenging social problems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Klein&#8217;s Bakery is a testament to the sisters&#8217; family history. Their abuela taught them to bake and decorate cakes. Years later, they have a successful bakery with two locations in Chicago.&nbsp;&#8220;We were her little helpers,&#8221; said Jessica Klein about the lessons learned from working with her grandmother.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;When we moved here (U.S.), we had to reinvent ourselves and went back to our origins,&#8221; Jessica Klein said about opening the bakeries. Starting a new business was riddled with challenges, from introducing customers to Venezuelan flavors like golfeados, which are sweet bread rolls, to dealing with language barriers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;We had to learn English,&#8221; said Jessica Klein. &#8220;We had to learn the process of opening a new business. The sisters credit organizations like the chambers of commerce in helping them get off to a strong start. &#8220;This year I participated in a program with the Women&#8217;s Business Development Center. They made us feel powerful,&#8221; said Dayana Klein.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Our jobs as chambers of commerce of business communities is to make sure businesses scale,&#8221; said Jaime Di Paulo, president of the Illinois Hispanic Chamber of Commerce. &#8220;The future of the United States is Latino.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a <a href=\"https:\/\/www.gsb.stanford.edu\/sites\/default\/files\/2024-04\/report-2023-executive-summary-state-of-latino-entrepreneurship-english.pdf\" target=\"_blank\" rel=\"noopener\">2023 Stanford study<\/a>, immigrant Latinos own more businesses than white immigrants. 52% of Latino-owned businesses are owned by immigrants while only 7% of white-owned businesses are owned by immigrants. Yet, they face more challenges than U.S.-born Latinos.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another obstacle for Latino-owned businesses is trying to bid for government contracts. Diana Alfaro, Latinx Business Development Manager for the Illinois Department of Commerce and Economic Opportunity, offered some suggestions. &#8220;We have a program called APEX Accelerators helping business owners understand the world of government contracting,&#8221; she said. &#8220;How do you find those contracts? How do you bid on those contracts? Once you bid and get awarded, what&#8217;s next?&#8221; Alfaro said that instructional and educational resources are available, many of which are provided at no cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <a href=\"https:\/\/www.jpmorganchase.com\/newsroom\/stories\/latino-owned-businesses\" target=\"_blank\" rel=\"noopener\">JP Morgan<\/a>, Latino businesses may be the U.S. economy\u2019s best bet. If they grow at the national rate, they could add $1.4 trillion to the U.S. economy.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"resources\">Resources:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Register to receive DCEO-OMEE bilingual (English\/Spanish) newsletters:<\/strong>\u00a0<strong><em>Please\u00a0<a href=\"https:\/\/app.smartsheet.com\/b\/form\/ae5c8502c75f4b0ead8e9542aeb7d543\" target=\"_blank\" rel=\"noreferrer noopener\">click here<\/a>,\u00a0to sign up.\u00a0<\/em><\/strong>OMEE will be sure to keep you posted on resources including funding opportunities.<\/li>\n\n\n\n<li><strong>Sign up to receive Illinois Hispanic Chamber of Commerce newsletters<\/strong>:\u00a0<a href=\"https:\/\/ihccbusiness.net\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ihccbusiness.net\/<\/a>\u00a0(scroll down to the bottom)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/dceo.illinois.gov\/smallbizassistance\/beginhere\/ptac.html\" target=\"_blank\" rel=\"noreferrer noopener\">Apex Accelerator\u00a0<\/a><\/strong>\u00a0&#8211; They provide at\u00a0<strong><u>no-cost<\/u><\/strong>\u00a0assistance to businesses who want to get into the world of government contracting and assist with certifications like getting certified as minority, woman, persons with disabilities, and\/or veteran owned. To find one near you,\u00a0<a href=\"https:\/\/viewer.blipstar.com\/blipstar?uid=5161672\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/viewer.blipstar.com\/blipstar?uid=51616<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IHCC has an Apex that has a bilingual speakers, for more information on their Apex Accelerator:\u00a0<a href=\"https:\/\/ihccbusiness.net\/ihcc-procurement-technical-assistance\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ihc<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/dceo.illinois.gov\/smallbizassistance\/beginhere\/sbdc.html\" target=\"_blank\" rel=\"noreferrer noopener\">Small Business Development Center (SBDC)<\/a><\/strong>\u00a0\u2013 They are centers located across the state that provide\u00a0<strong><u>no cost<\/u><\/strong>\u00a0business counseling. They can assist business owners with a business plan, marketing, financial book keeping, finding grants, etc. To find one near you go here:\u00a0<a href=\"https:\/\/viewer.blipstar.com\/blipstar?uid=5161672\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/viewer.blipstar.com\/blipstar?uid=5161672<\/a>\u00a0(they do take Zoom appointments)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IHCC has a SBDC where their entire staff are bilingual, for more information on their SBDC:\u00a0<a href=\"https:\/\/ihccbusiness.net\/sbdc-ihcc\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ihccbusiness.net\/sbdc-ihcc\/<\/a><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"events\">Events<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DCEO &#8211; OMEE events<\/strong>\u00a0\u2013 You can find DCEO-OMEE events on this webpage at any time,\u00a0https:\/\/dceo.illinois.gov\/omee\/omee-events.html<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>IHCC Events\u00a0<\/strong>\u2013 You can find IHCC events on this webpage at any time,\u00a0<a href=\"https:\/\/ihccbusiness.net\/upcoming-events\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/ihccbusiness.net\/upcoming-events\/<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>IHCC Annual Business Expo, Thursday, October 3, 2024 at Navy Pier:\u00a0https:\/\/ihccbusiness.net\/expo\/<\/li>\n\n\n\n<li>Register for at no cost:\u00a0<a href=\"https:\/\/www.eventbrite.com\/e\/ihcc-annual-business-conference-and-expo-2024-tickets-880943655187?aff=oddtdtcreator\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.eventbrite.com\/e\/ihcc-annual-business-conference-and-expo-2024-tickets-880943655187?aff=oddtdtcreator<\/a><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\"><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Funding support for \u00a1Presente! is provided by the Joseph and Elizabeth Walder charitable fund, and generous Chicagoans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> \u00a1Presente! is <a href=\"https:\/\/latinonewsnetwork.com\/illn\/il-latino-news-can-tv-launch-new-programming\/\">co-produced <\/a>by Illinois Latino News (ILLN), an affiliate of the Latino News Network (LNN), and CAN TV, Chicago\u2019s hub for community-centric news, hyperlocal stories, and educational resources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New products and services generate local jobs and tax revenue.<\/p>\n","protected":false},"author":1,"featured_media":5063132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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