The prosperity of the American economy is heavily dependent on a solid foundation of small business. Hispanic entrepreneurs in particular have played an integral role in keeping the country afloat during the past decade. At the local level, Hispanic small businesses are vital. They are true job creators.
More than any other demographic, Hispanic homeowners were slammed by the mortgage crisis. Nearly half of the all the foreclosures in California between September 2006 and October 2009 (48%), were for Hispanic homeowners. But now, young Hispanic American families are poised to play an influential role in the housing recovery as first-time home buyers absorb excess inventory.