REAP News

Top 15 Types of Latino-owned Businesses

A few weeks ago, a colleague asked me why Latino micro entrepreneurs focus on retail or construction businesses instead of developing other ideas. As a loan specialist who works directly with Latino businesses, my immediate thought was, I see more than retail.

I decided to look into it. I found an analysis of the nations’ top 15 small business categories owned by Latinos. The study used census data from 2010 to 2015, and was done by the Fiscal Policy Institute.

Women-Owned Businesses Flourish

Women-owned businesses are gaining economic impact and clout. That’s the message Kim Preston (REAP administrative assistant) and I heard at the Women’s Business Center National Conference in El Paso, Texas.

The National Women’s Business Council released an analysis of preliminary U.S. Census data from the 2012 Survey of Business Owners. The snapshot of women entrepreneurs shows definite growth since 2007. Among the highlights:

Avoid the Payday Loan Trap

Jeremiah Luebbe, an attorney with Steffens Law Office in Broken Bow, Nebraska reached out to me to brainstorm a small business training session for the Center for Rural Affairs' REAP program. As we chatted, we discovered a mutual loathing for payday lending. Jeremiah gave us permission to use an article written by Steffens Law Office, P.C. on the topic, presented below.

RCK Creations & More Finds Business Success off the Beaten Path

Take on two new life adventures at the same time? Sure, why not! Connie and Roger Kirkpatrick were married on Friday July 3, 2009. On Monday, July 6, they signed the papers for a REAP loan to purchase equipment for their new business, RCK Creations & More.
 
Connie and Roger’s business began as a home-based operation in Alda, Nebraska. After purchasing the etching equipment and supplies, Roger spent 6 months becoming proficient with the new tools. RCK Creations & More was up and running!

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