The Latino Community is Booming in 2023.
The Latino community has seen tremendous growth in 2023. According to recent reports, the Latino economy is now valued at $3.2 trillion, up from $2.8 trillion in 2020. Such an incredible increase in the value of the Latino economy is a testament to the power of the Latino people. If Latinos were an independent country, our GDP would rank ahead of the UK, India, and France. This is an incredible achievement!
The growth of the Latino economy is because more Latinos are becoming entrepreneurs, starting businesses, and creating jobs. The Latino community must take ownership of its future to ensure this growth continues.
One way to do this is to get involved with local chambers of commerce. Chambers of commerce are a great way to network and grow businesses. They provide a platform for collaborating with other companies and present various ways to access resources vital to businesses’ growth. The assistance and resources chambers of commerce provide can steer businesses toward reaching their goals.
Another way to take ownership of our future is to create our supply chain. More control over the supply and demand of goods and services would allow us to create more jobs for our community and further stimulate the Latino economy.
The growth of the Latino economy is something to be celebrated. We must continue to work together to ensure that this growth continues and that the Latino community takes ownership of its future. Getting involved with local chambers of commerce and creating our supply chain are two steps that we can take to ensure this growth is sustainable. Doing so will ensure the Latino community can capitalize on its potential and create an even brighter future.
IHCC President & CEO, Jaime di Paulo