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News Release: SBA Massachusetts Celebrates National Hispanic Heritage Month on Thursday, October 12th

Shaping the Bright Future of America
Release Date: 
Monday, September 25, 2017
Release Number: 
17-24
Contact: 
Norman Eng 617-565-8510

BOSTON – The SBA Massachusetts District Office will observe National Hispanic Heritage Month at the Tip O’Neill Federal Building in Boston on Thursday, October 12th with an event focused on Latino business development.  The event will feature educational topics on:  Doing Business with Latino Markets, Resources to Scale and Grow, Strategies for Access to Capital, and Latino Entrepreneurs Sharing Success.   

“We encourage all small businesses plus our resource and community partners and lenders to attend the MA Hispanic Heritage Month event on October 12th,” said MA SBA Director Robert Nelson, “as a way to celebrate diversity and our vibrant communities here in the Commonwealth.”          

Each year, Americans observe National Hispanic Heritage Month from September 15 to October 15.  During this time, we celebrate Hispanic American heritage and culture and the many important contributions Hispanic Americans have made throughout our nation’s history.

The 2017 National Hispanic Heritage Month Theme, "Shaping the Bright Future of America," developed by the National Council of Hispanic Employment Program Managers, highlights the major role Hispanic Americans will continue to play in shaping the future of America.

Hispanics also contribute to our Nation’s economy through business ownership and workforce employment.  According to nationwide loan data from FY 2017, SBA has provided over 5,000 loans to Hispanic-owned small businesses totaling more than 1.5 billion dollars and supporting more than 42,000 jobs.  In Massachusetts, during FY 2017 (YTD thru end of August), SBA has approved 206 loans for $21 million – representing a 30% increase over the same period in FY 2016 to Hispanic-owned small businesses.  

 

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