REAP News

A Gem of an Idea Gets this Business Rolling

Starting a business can be quite complicated, especially if you haven’t thought about the details involved in structuring the business, looking for startup capital, doing inspections, or looking for a location.

The history behind Luis Onate, owner of The Granola House in Norfolk, Nebraska, is no different. Luis worked as a restaurant manager a few years before he joined the Bakery Team at the local Hy-Vee. His experience was one of the multiple motivations to start his own business.

Rural Small Business Hiring on the Rise

Our new assessment of rural small business trends, needs, and concerns in Nebraska shows some promising data. Most notable was the overall increase in hiring and job creation activity. The dramatic rise in Latino-owned businesses participating in the survey was also encouraging.

Interesting demographic trends among Latino business owners came to light. The owners were, on average, considerably younger than the overall sampling group. Also, business owners were more likely to be women. These trends create unique business needs and exciting development opportunities.

Statistics Show Challenges Micro Businesses Face

Last May, the Center's REAP Hispanic Business Specialist Imelda Catalan joined me at the Association for Enterprise Opportunity (AEO) Conference in New Orleans. AEO is the nation’s leading voice for micro enterprise development, serving the needs of micro entrepreneurs who lack access to traditional sources of business education or capital. Several important items caught our attention. We learned that 8,000 micro businesses get declined by financial institutions daily in the United States.

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