During their May 14th visit to Washington, D.C., OFN’s Board of Directors hit the ground running by holding 17 meetings with federal policymakers. Board members met with four U.S. Senators, four senior federal agency officials, and numerous legislative staffers.
The power and promise of Latino entrepreneurs and small businesses in low- to moderate-income, or LMI, communities are undeniable. Study after study shows their immense size and potential. Just consider this stat: There are more than 4 million Latino-owned businesses in the U.S., and together they generate $660 billion in revenues. However, another study points out that this subset is growing at a slower pace compared to their non-Latino counterparts, resulting in a $1.3 trillion revenue gap.
Last week, OFN hosted a Staying Connected Call with representatives from the U.S. Department of Housing and Urban Development (HUD) and the U.S.