SBA Convenes US Administration Officials for Hispanic-American Entrepreneurship Summit
SAN JUAN – The U.S. Small Business Administration and the White House, will host the 2016 Hispanic-American Entrepreneurship Summit at the U.S. Institute of Peace in Washington, D.C. The June 28 event will include keynote addresses and panel discussions with participation from members of President Obama’s cabinet and other senior administration officials and private sector leaders.
In its announcement, the SBA said Hispanic-Americans are one of the fastest growing segments of the U.S. population. “At more than 55 million strong, Hispanic-Americans represent 17% of the U.S. population and play a critical role in the nation’s economy and prospects for future growth. There are also more than 3.3 million Hispanic-owned businesses in the U.S., a number that is growing at a rate 15 times that of the population overall.”
The summit will explore the role of Hispanic-American entrepreneurs in advancing U.S. economic growth and “encourage strategic discussion about the nation’s entrepreneurship environment as an economic imperative for greater inclusivity,” according to the SBA.
Hispanic-American Entrepreneurship Summit agenda – June 28th
7:30 a.m. to 5:00 p.m. – The U.S. Institute of Peace, Washington, DC
- 7:30 a.m. Registration and Continental Breakfast
- 8:30 a.m. to 8:45 a.m. Welcome by SBA Administrator Maria Contreras-Sweet
- 9:00 a.m. to 9:45 a.m.
Economic Engine: The Importance of the Hispanic-American Population to America’s Economic Future
Representing one of the fastest growing segments of the U.S. population, Hispanic-Americans account for over 55 million, playing an integral role in the American economy. In the past decade, U.S.-born Hispanic-Americans have been the driving force in population growth, surpassing migration counts for any other immigrant population into the U.S. According to 2012 U.S. Census data, the median age of the U.S. Hispanic-American population is 27-years-old, nearly 10 years younger than that of non-Latino whites. Further, Hispanic-Americans represent one quarter of all public school enrollment, 17% of the U.S. civilian workforce, and are producing all of the net new businesses. This panel will discuss the increased presence of Hispanic-Americans and their relative youth and the profound implications on governmental, educational, and commercial institutions.
- Moderator: Jason Furman, Chairman, Council of Economic Advisors
- Chiqi Cartagena, Senior Vice President, Political and Advocacy GroupUnivision
- Mark Hugo Lopez, Director of Hispanic Research, Pew Hispanic Research Center
- Remy Arteaga, Executive Director, Entrepreneurship Center, Latino Business Action Network at Stanford University
- 10:00 a.m. to 10:45 a.m.
President Obama’s Agenda and Accomplishments: A Fireside Chat with Denis McDonough, White House Chief of Staff
- 10:45 a.m. to 11:30 p.m.
Strong Communities: Empowering the Growing Hispanic-American Population
An open dialogue between Federal principals and invited guests to explore the policies instituted under the Obama Administration that have helped advance the Hispanic-American community and create a steady path forward.
- Moderator: Diana Farrell, Founding President and CEO, JP Morgan Chase Institute
- Secretary Sally Jewell, U.S. Department of the Interior
- Cecelia Muñoz, Assistant to the President and Director of the Domestic Policy Council
- 11:45 p.m. to 12:30 p.m.
Funding the Next Generation of Ideas: Hispanic-American Entrepreneurship
Hispanics own $1.4 trillion (2.2 percent) of the $63.4 trillion in U.S. wealth. Yet, Hispanic-Americans continue to be underrepresented in investment and banking sectors. Hispanic-American owned businesses were about half as likely as non-Hispanic-owned businesses to get loans to start a business (about 4 percent and 8 percent, respectively) and this trend continues when businesses seek expansion financing. This panel will cover the challenges facing Hispanic-Americans entrepreneurs who are trying to access capital to spur entrepreneurship and fund innovation to advance solutions to the problems facing their communities.
- Moderator: Secretary Penny Pritzker, U.S. Department of Commerce
- Javier Saade, Managing Director, Fenway Summer Ventures
- Juan Sabater, Partner, Valor Capital
- J. Alberto Yépes, Managing Director, Trident Capital
- 12:45 p.m. – 1:45 p.m.
Luncheon Keynote Remarks and Awards with Celebrity Chef and Entrepreneur José Andrés
- 2:00 p.m. – 2:45 p.m.
Technology and its Transformational Impact on Jobs and the Workplace
Workplace environments are evolving to adapt to a new set of challenges. Twenty-first century workers will face intense competition not just from within the U.S., but from international talent on a globally flat playing field. Rapid innovations in information systems and technology will create a demand for workers with not only a high-level of education, but the right balance of creative problem solving and technical know-how. The increasing ability of machines and automated systems to perform previously labor-intensive tasks will require workers to contribute new complex thinking to today’s problems, in addition to bold solutions for currently unimagined jobs in un-invented industries. Finally, an increasing percentage of the workforce will maintain non-traditional, “gigs”, or side-jobs, in addition to their main jobs. This panel will cover an array of challenges presented by the 21st Century workforce environment, focusing on digital-age literacy and related competencies, inventive thinking in the new global community, continuous skill-building through education and gig economy entrepreneurship
- 3:00 p.m. – 3:15 p.m.
Economic Outlook with Jeff Zients, Director of the National Economic Council and Assistant to the President on Economic Policy
- 3:15 p.m. – 4:00 p.m.
Hispanic-Americans Advancing U.S. Business Leadership in the Global Marketplace: Latin America Unbound
U.S.-based firms have a significant corporate imperative to attract Hispanic-American consumers given their tremendous demographic and economic importance. Further, given the growing economic size and clout of Latin America, as well as the region’s increasing competition for products and services, the Hispanic-American marketplace, is at the forefront of setting consumer trends across Central and South America. The question is who will develop, grow, and scale to lead in Latin American markets? This panel will explore how Hispanic-Americans, with strong cultural and linguistic ties with Latin America and beyond, can help propel U.S. trade in the region and advance U.S. business leadership in the global marketplace.
- Moderator: Jason Marczak, Director, Latin America Economic Growth Initiative, Atlantic Council
- Secretary Tom Vilsack, U.S. Department of Agriculture
- Ambassador Michael Froman, U.S. Trade Representative
- Luis Alberto Moreno, President Inter-American Development Bank
- 4:00 p.m. – 4:15 p.m.
- 4:15 p.m. – 4:50 p.m.
Image as a Barrier to Opportunity: Impact of Negative and Sparse Media Portrayals of Hispanic-Americans
Despite representing 16% of the U.S. population and over 20% of film-going audiences, Hispanic-Americans remain underrepresented in film and art. With Hispanic-Americans receiving just under 6% of all film and television roles, stereotypical portrayals persist. As Hispanic-Americans play an increasingly critical role in America’s economy, how can media portrayals better align with true demographics to counter negative stereotypes and help to ensure that Hispanic-Americans receive unbiased access to education, jobs, capital and opportunity.
- Moderator: Antonia Hernández, President, California Community Foundation
- Maria T. Cardona, Principal, Dewey Square Group
- Lance Rios, Founder & CEO of Being Latino
- 4:50 p.m. – 5:00 p.m.
Closing Remarks by SBA Administrator Maria Contreras-Sweet