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News & Press: Chairman's Message

Chairman's Message: February 2016

Monday, February 1, 2016   (0 Comments)
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Dear members and friends,

 

¡Saludos! 

 

As we begin the third month of 2016’s first quarter, I wanted to make sure everyone has had a chance to visit our calendar of events and are marking your calendars to attend our upcoming MDHCC Networking After 5. It will be held on April 7th in Annapolis, from 5:30 until 8:00 p.m. More information will be forthcoming, including VIPs in attendance and location. Be sure not to miss our MDHCC Networking After 5 Spring Mixer—it is indeed a great opportunity to expand your network—and we will once again be partnering with the Hispanic Chamber of Commerce of Montgomery County (HCCMC) and the Southern Maryland Minority Chamber of Commerce (SMMCC).


Also, please mark your calendars for the 2016 Energy & Procurement Expo that will be held on April 20th, 2016 at College of Southern MD La Plata Campus, from 8am-2pm. We are partnering with the SMMCC in this great expo that will update you on Maryland’s statewide energy strategy and policy and expose you to multiple emerging business opportunities in renewable energy and energy efficiency. Come, learn, and connect with government and industry procurement officials on April 20th.

As we look at some data from the end of 2015, we notice that Hispanics are the most likely to become entrepreneurs in the U.S. New reports from Geoscape reveal that, for 2016, the number of Hispanic-owned businesses is expected to increase to more than 4 million. This is a huge increase, up 57 percent since 2007. The robust growth of Hispanic-owned businesses is fueled by service and trades industries. The report concludes that national revenue for Hispanic-owned firms is expected to reach $661 billion, a 28 percent increase since 2012.

A phenomenal statistic, true of Maryland as well as the U.S., is that the average annualized percent increase in the number of Hispanic-owned firms has outpaced all U.S. firms for the last decade. In the U.S., the Hispanic business growth rate is 15 times the national average from 2012-2015.

In Maryland, Hispanics make up over 10% of the population and Hispanic-owned businesses now total over 54,000, as compared to 27,000 in 2007. Hispanic-owned businesses are contributing over $4.5 billion in sales receipts to the Maryland economy and employing over 27,000 individuals. Counties like Montgomery, Frederick, and cities like Baltimore, are seeing the greatest positive impact of our business community.

Still, most of our businesses employ just one individual—in other words, there is a lot of room for growth. Our mission at the MDHCC is to “promote the establishment, growth, prosperity and retention of Hispanic businesses, and those entities, and persons that support them in the State of Maryland.” We understand that taking that step of hiring your first employee is monumental and critical in the development of your business, and we are here to support you with the three P's: Promotion, Partnerships and Procurement Advice.

If you want to discuss specific packages for your business, or, if you want to join our board of directors to make a difference in our business community, please contact us at info@mdhcc.org.

Lastly, I want to extend a warm welcome to our newest Directors: Yolie Oncita, Marketing Coordinator at U.S. Foods and MDHCC’s Events Committee Chair; and Carlos Cisneros, Senior Project Manager at The Whiting-Turner Contracting Company. Both are seasoned business professionals that care deeply about the Hispanic community. We are fortunate to have them onboard.

 

Onward!

 

Jorge Eduardo Castillo

Chairman

Maryland Hispanic Chamber of Commerce
Chair@mdhcc.org


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