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THE SUPERGROUP UNLOCKING OUR ECONOMY.
If change is happening, it is happening here first!
Two weeks ago, Stacie de Armas delivered a keynote message packed with statistics that inspired and caught many unaware, at the MHCC’s 19th Annual Economic Forum Breakfast in Detroit.
WHY IT MATTERS: Latinos make up the largest ethnic group in the U.S. and if the population of Latinos in the U.S. (18.7%) were its own country, it would be the fifth-largest GDP in the world. But did you know:
- The Hispanic population growth rate in Michigan increased by 17.8% between 2010 and 2020, outpacing the overall population growth rate of 2.0% – and since 2016, that growth has accelerated to 13% in ½ the time (Source: U.S. Census Bureau, 2021).
- Michigan Latinos are young – More than a third of the Hispanic population is under 17 and represent the youngest minority group, with a median age of 30 (Source: American Community Survey 2021 v 2016).
- Latinos lead the way in educational increases in Michigan. The percentage of Hispanics with a high school diploma increased by 12% over the 5-year period vs. -2% for the total Michigan population. Hispanics with a bachelor’s degree increased by 21% vs. the total population at 12%, AND Hispanics with a graduate or professional degree increased by 47% vs. the total Michigan population at 13% (Source: American Community Survey 2021 & Bureau of Labor Statistics).
- Michigan Hispanics lead the way in labor force participation and are growing in professional influence – occupations in management, business, science, and the arts (Source: American Community Survey 2021 & Bureau of Labor Statistics).
THE BOTTOM LINE: Michigan has become a growth center for Hispanics, providing opportunities for economic and educational advancement.
- Hispanic entrepreneurs are playing an increasingly important role in Michigan's economy by creating jobs, preserving culture, investing in community development, and inspiring others to follow in their footsteps.
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This growing demographic is contributing significantly to the state's economy and is reshaping the cultural landscape.
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This month's business tip is to attend supplier diversity events; they offer immense benefits to businesses of all sizes. At these events, you can gain access to resources that would otherwise be out of reach, while connecting with potential partners and suppliers from minority-owned businesses. Furthermore, attending supplier diversity events allows you to learn about how different organizations manage their diversity initiatives and strategies. With the right connections and knowledge gained at these events, companies can start seeing the rewards of successful supplier diversity management.
Be sure to joining us for our upcoming 13th Annual Supplier Diversity Matchmaker.
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On March 14th, the Michigan Hispanic Chamber of Commerce convened its Q1 Board of Directors meeting. During the gathering, a plethora of topics were discussed including the Chamber's financial results for 2022 and 2023 forecast, goals, membership trends, projects and Board Members' involvement in upcoming events. We are especially grateful to our board member, Lawrence Garcia, for hosting this meaningful event, as well as all board members who joined either in person or virtually. | |
Show your commitment to the Michigan Hispanic Chamber of Commerce with our digital badge! By displaying this badge on your website, social networks and email signature, you can connect with other members and get the recognition and resources you need to help promote and grow your business. Download the badge today and let us endorse you – join us in making a difference for Hispanic-owned businesses in Michigan. | |
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We are proud to announce that Michigan is home to several companies listed in the prestigious Latino Index200, a list of the largest Latino-owned companies in the United States. Our members are making their mark and we are so proud of them!
14 – The Diez Group
15 – EDS Manufacturing
58 – Group O
63 – Ideal Group
71 – Argent Associates
88 – Caravan
168 – Bay Corrugated Container
174 – Gonzalez Design Group
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U.S. Department of Energy in Detroit - Forum on Funding Opportunities & Resources for Michigan Socially and Economically Disadvantaged Individual (SEDI) Owned Businesses
Tuesday, April 18 | 12 - 4pm EDT
DTE (1 Energy Plaza, Detroit, MI 48226)
Interested in finding out more about funding and opportunities for Michigan Socially and Economically Disadvantaged Individual Owned businesses in energy, utilities, EV and related fields? Join the U.S. Department of Energy in Detroit on April 18 from 12 pm–4 pm ET at DTE for an informative presentation with special guests from the U.S. Department of Energy – Shalaya Morissette and Melissa Pine.
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MHCC member Andrea Stinson Oliver, owner of Andrea Stinson Oliver -Stills by Stinson, was awarded the Giving Spirit Award from NAWBO Greater Detroit Chapter (NAWBO GDC). You may recognize Andrea, as she has been responsible for the MHCC event photos for years. Andrea has built an incredible business with an impressive team. Congratulations Andrea! Well deserved!
Photo courtesy of our Board Member, Jennifer Good.
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19th Annual Economic Forum Breakfast | |
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We'd like to express our utmost appreciation to everyone who attended the Economic Forum Breakfast event last month. We were delighted to have such a great turnout, and it made the morning even more special!
Our Economic Forum was an exceptional event that demonstrated the influence Latinos have in unlocking Michigan's potential. Our Keynote Speaker, Stacie de Armas, spoke at the forum and made a compelling case for why it is important to focus on the Latino consumer, highlighting not just population growth of Latinos throughout the nation, but especially in Michigan. With an emphasis on young people making up a large part of the Hispanic population in Michigan, Stacie went on to explain why it is essential to target this demographic group. Joann Chaves, Senior VP and Chief Legal Officer at DTE Energy, then took over to discuss educational and community resources available across Michigan which will promote growth and development within Latino communities. Isabel Medellin, Global Director of DEI & Talent Acquisition at Steelcase, followed with discussions about creating job opportunities and making capital access more attainable for Latino entrepreneurs. She highlighted the process and changes necessary to bring young people from underrepresented backgrounds into equal opportunities and create a promising future for Michigan. In conclusion, this forum provided attendees with a better understanding of how we can leverage Latino strengths to unlock Michigan’s potential.
We'd also like to thank our Presenting Sponsor, General Motors, for their unwavering support. Their sponsorship and support allowed us to bring our vision to life and create an event that allowed several members from our community to gather and learn impactful statistics regarding how Latinos hold the key to unlock Michigan's full potential.
For those who weren't able to be there in person, we've compiled a collection of photos that showcases the amazing energy and inspiring ideas shared at the event. View the official photo gallery below to get a glimpse into all that you may have missed.
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Cafécito Caliente 2023 Annual Awards | |
The Michigan Hispanic Chamber of Commerce was proud to be a sponsor at the Cafécito Caliente 2023 Annual Awards, organized by the Cafécito Caliente Group in recognition of the immense contributions made by members of the Latino community around Mid-Michigan. Last month's event was an evening of celebration for all those honored with Community Awards – a momentous occasion to honor and recognize their achievements! We were thrilled to be part of such a special occasion and share in the joy of celebrating these extraordinary individuals and groups. | | |
We are thrilled to recognize Thomas Munoz as our Proud Member of the Month! As a Financial Life Advisor at Telemus, Thomas brings an immense wealth of knowledge and expertise. With a BBA in Personal Financial Planning from Central Michigan University, his perspective on helping clients with their financial needs is unparalleled. He has made remarkable contributions to the community through his work, earning him a deserved reputation as a trustworthy advisor who always puts his client´s interests first. We are honored to have him in our community! | |
The MHCC is committed to inclusivity, understanding that businesses and individuals have distinctive demands. To provide for all, we offer a range of membership options for everyone from large companies to professionals, students and individuals. Our goal is to ensure that everyone can benefit from our Chamber's resources and network, regardless of their size or background. | |
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