Entrepreneurial activity in the Latino community is nothing new, even political candidates often bring up the fact that so many new businesses are started by Latinos (remember former CA GOP gubernatorial candidate Meg Whitman talking that up?). A few weeks ago, a new book by Melvin Delgado titled Latino Small Businesses and the American Dream: Community Social Work Practice and Economic and Social Development came out on the subject of Latinos and small businesses and how theses institutions help enhance on communities.
BlogHer is teaming up with CreateJobsforUSA.org to provide grants to select Community Development Financial Institutions (CDFIs). These CDFIs will then provide loans to under-served community businesses. One of the biggest issues in the current economic climate is a lack of access to capital; and this is an even bigger challenge for Latino entrepreneurs. Check out this link for more information, and please share it with folks you know who have businesses that are struggling to get off the ground.