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Hispanic-owned businesses and workers: Growing acceptance
Published on Tuesday, 28 October 2008 14:20
CHAPEL HILL, N.C. — Jesus Bravo has lived in North Carolina for 11 years. He moved from California with a group of his work friends, and when Bravo and his friends arrived, he needed a job. From there he began the arduous task of finding employment. Well, not really.
The process was remarkably easy, and soon after he got to North Carolina, Bravo began working at a glass manufacturer.
“I wanted a job, I talked to a friend who was working there, then I went and applied and they told me right away,” he said.
Bravo worked there for five years while also working part-time at Margaret’s Cantina, a Mexican restaurant in Chapel Hill. He’s been in the restaurant business for more than 15 years as an employee, at different times he has worked as a bus boy, waiter, bartender and manager, so it made sense that he would open up his own restaurant.
Close to six years ago, Bravo and his friends decided to open the Fiesta Grill Mexican Restaurant on Highway 54. It wasn’t quite as simple as getting his first job turned out to be.
Read more: Hispanic-owned businesses and workers: Growing acceptance
Latinos need personal finance education to thrive
Published on Tuesday, 28 October 2008 14:08
DURHAM, N.C. — At approximately 5:30 p.m. at the Latino Community Credit Union in Durham, branch manager, Liliana Concha’s office transforms into a classroom 18 times during the course of the year for financial education workshops.
The Latino Community Credit Union offers more than 10 financial services including savings and checking accounts, remittances, credit cards, mortgage and car loans. Just as or more importantly, the credit union values financial education for un-banked Latinos in order to help them enter the financial mainstream.
The LCCU offers three separate sessions during the course of the year that meet each Monday for six weeks for the six classes each session contains. The credit union offers winter, spring and fall sessions. The classes are available to both LCCU members and non-members alike.
On April 29, four LCCU member students, with a wide young to old age range, sat at a conference table in Concha’s office in the credit union’s downtown Durham location for a workshop on how to buy a home, the last of six in the program.
“I bring lessons I learned from when I bought a house,” said Concha as she prepared to lead class. “Things I wish I knew before but had to learn as I went along.”
Read more: Latinos need personal finance education to thrive
Latinos want their own media, not gringo media
Published on Tuesday, 28 October 2008 13:29
The Burlington Times-News, the city’s local daily newspaper, ceased publication of La Voz, its Spanish-language insert, at the end of the 2007 calendar year. Publisher Steve Buckley chalked up the section’s discontinuation to “lagging ad revenues.”
The fate of La Voz isn’t uncommon. While mainstream English-language papers across the country have implemented Spanish-language sections in order to capture the Hispanic demographic’s growing market share, some have failed to get off the ground.
Like scores of cities throughout the state, Burlington, population 50,000, finds itself at the crossroads between a sleepy, historic town and a bustling business hub. The Hispanic demographic is exploding, too, and it wants media that cater to its interests.
Latinos and the subprime crisis
Published on Tuesday, 02 September 2008 00:00
However, the bank granted them a 15-year adjustable rate mortgage with no down payment.
Today, Vasquez and his wife are both working two jobs to pay their mortgage payments. He has tried to refinance his loan, but due to new regulations, Vasquez no longer qualifies for most loans.
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