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Jonath Colon, President, Hispanic Metropolitan Chamber, Microenterprise Development
- 1. 2016 RE:Conference November 15, 2016
- 2. MissionMission To work with all members of the community to increase the economic advancement of Latinos in Oregon and SW Washington VisionVision To bridge the economic and educational gaps experienced by Latinos in Oregon and S.W. Washington through •develop future generations •prepare emerging leaders •increase wealth and assets
- 3. MEMBERSHIP -900 Members - One of the largest Chambers in Oregon/SW Washington - Largest Hispanic Chamber in the Northwest - 501c3 – Non-profit Organization
- 4. HispanicHispanic ChamberChamber Board of DirectorsBoard of Directors
- 5. Strategic Approach:Strategic Approach: • Business Assistance • Scholarships • Leadership
- 6. Business Technical Assistance One-on-one bilingual, bicultural support
- 7. Technical Assitance • Businesses Served • 3,500 businesses since 2003 (417 this yr.) • 81% Latino • 46% Women owned • 96% of Latino Business are 5 or less employees • Financial transactions $11,039,238 YTD (Since 2003) $500,000 dollars this year • 2,300 Total Jobs Impacted
- 8. Business: Pacific Greywater Transport Owners: Álvaro Hernandez Location: Portland, Or Type of Business: Graywater disposal service Assistance with: •Business Registration •Business Plan Development •Contract Development •Market Research •Financial Projection Outcome: •Purchase of Company Vehicle •Purchase of Specialty Equipment •Capital Injection of $10,000
- 9. Business: Angele’s Janitorial LLC Owners: Miguel Mendoza Suarez Location: Vancouver, WA Type of Business: Janitorial services Assistance with: •License and Permits •Bidding and Negotiation of contract •Business Plan •Insurance and Bonding •Identify Contract Opportunities Outcome: •Increased Contracts •Master Contract with Fortune 500 company •Resulting in commercial contract with National Retail Value Village •Two Pending Proposal with National Retail – Ross For Less
- 10. Business: El Pilion, LLC Owners: Fernando Montagut Location: Portland Type of Business: Colombia Food Cart Assistance with: •Business Plan Development •Financial Literacy •Financial Projection •Financial Strategies •IDA Account •Market Research Outcome: •Profitable in first year •Obtained Kiva Loan •Obtained Loan from local credit union •Created two new jobs •Capital Injection of $18,000
- 11. Business: PDX Bouncy Houses, LLC Owners: Alma Franco Location: Portland, Or Type of Business: Rental of Inflatables Assistance with: •Business Formation •Business Plan •Marketing Strategy •Created website •IDA program Outcome: •Purchase of Inventory o Five industrial quality inflatables o Cargo van o Generators and other equipment •Capital Injection of $12,000
- 12. Business: EverGreen Cleaning Services LLC Owners: Felipe Tzuc Location: Portland Type of Business: Janitorial services Assistance with: •Business Registration •Negotiation of bid contract •IDA Account •Financial Strategies Outcome: •Purchase of Company Vehicle •Secure Commercial Contract •Hired two employees •Improve his monthly cash flow •Capital Injection of $30,000
- 13. Business: Tito’s Burritos Owners: Manuel Gallegos Location: Portland, Or Type of Business: Restaurant Assistance with: •License and Permits •Lease Negotiation •Business Plan Outcome: Transitioned to Brick and Mortar Hired Three Employees Capital Injection of $50,000 NEW BRICK AND MORTAR One of the city’s oldest FoodCart moves to Brick and Mortar
- 14. Financial Support to Students- $2.8 MFinancial Support to Students- $2.8 M – $2,065,750 of scholarships to 738 students since 1996 – $178,700 Awarded to 55 students in May 2016 – $ 599,988 in IDAs YTD (2 years) 2015 Scholarship Recipients2015 Scholarship Recipients
- 16. Leadership Development ProgramLeadership Development Program 11th Class of 25 Participants – 200 Participates YTD
- 17. WHY? • Businesses- Increasing Income, Long term wealth creation, Job Creation • Students- Higher Skills =Higher wages • Leadership- Positioning for increased income and policy positions
- 18. Thank You for Helping UsThank You for Helping Us Invest in Oregon’s FutureInvest in Oregon’s Future
Editor's Notes
- (Mission/Vision powerpoint/slide) I especially want to thank Gustavo Cruz, the board’s chair, who spends countless hours ensuring our organization’s success. Today, I’ll provide an update on what we’ve accomplished over the last fiscal year, give you a glimpse of where we’re headed, and share why our work is so important. I know you’ll be excited to support our work and help us achieve our mission. Our work is complex, but if I had to distill it down to its core, we exist to: •support our future generations access and finance higher education •prepare emerging leaders succeed in their career; and, •grow our community’s wealth and assets by investing in our community’s entrepreneurial spirit
- (General Technical assistance powerpoint slide) We’ve been providing services to Latino businesses and entrepreneurs in Oregon and SW Washington for more than a decade. Our bilingual and bicultural, business development coordinators work one-on-one with clients to support them creating a business, developing business plans and systems, navigating them through countless bureaucracies so they can access contracts and financing, and coaching and encouraging them along the way.
- (Businesses served, YTD, Jobs created/impacted slide) I want to thank Portland’s city and elected leaders, as well as the Portland Development Commission’s senior leadership for our long-term commitment and collaboration to economic development efforts. I look forward to continue collaborating in our efforts to build wealth and assets within Latino businesses. This year we supported 417 businesses get established, grow, and succeed with our technical assistance services in Portland, Beaverton, and Vancouver. The vast majority of these businesses (81%) are small Latino businesses with less than 5 employees (96%). We helped create 152 new jobs, and retain 141. Since the program was established in 2003, we have supported more than 3,500 businesses, create over 1,000 jobs, while retaining nearly 1,300.