What is LCF Economic Empowerment Initiative?
This initiative will increase attention to economic and social development strategies that are globally recognized as critical aspects of sustainable development and are among the 17 sustainable development goals set by the United Nations for 2030. Empowering Latinos to participate fully in economic life across all sectors is essential to build stronger economies, achieve goals for development and sustainability and improve the quality of life for everyone.
Why the Latino Community?
Latino entrepreneurs are starting small businesses faster than the rest of the startup population and becoming a bigger part of the total U.S. market every day. According to a Stanford study, when Latino entrepreneurs start a business, 70 percent of their funding comes from personal savings, while just six percent comes from commercial loans. If Latino-owned businesses grow as fast as the U.S. average, they could add $1.4 trillion to the U.S. economy, which would add almost eight percent to the $18 trillion U.S. economy.
LCF’s Commitment to the Community?
At LCF, we are committed to helping our community build long-term financial success. We are empowering individuals and small businesses with the knowledge, and tools needed to ensure financial self-sufficiency, income mobility, and ultimately, improved well-being and quality of life. Through Economic Empowerment, we will leverage our business leadership skills and consulting expertise to help solve problems in the communities in which we work and live by addressing challenges small business owners face today.
City of Seattle’s Office of Labor Standards
King County Metro
Interested in learning more or how you can contribute?
Please contact Angela Soto Loncharich, Economic Empowerment Initiative Manager, [email protected] - please allow a minimum of 2 business days for a response.
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