Here is an article from the Gazette that helps explain to Maryland citizens how ETHNIC businesses can out-compete American citizen businesses (where the owner isn’t some member of a politically correct ethnic group). I say where is the special government lending geared to Germanic Americans, or how about Polish Americans, or British Americans?
From the Gazette (hat tip: Cathy):
Hispanic businesses in Maryland continue to make strides, but they still have problems with access to capital, language barriers and other issues, speakers said Tuesday during the 10th annual Maryland Hispanic Business Conference at the Montgomery County Conference Center in North Bethesda. [Imagine the outcry if there was a White Ethnic European Business Conference supported by taxpayers.—ed]
Hispanics in Maryland come from more of first-generation immigrants than in states such as Texas and Florida, said Jerry Godwin, conference chairman and a business development specialist with the Montgomery County Department of Economic Development.
“The language can be a barrier,” Godwin said. “But Hispanics are three times more likely to start their own businesses than the general population. [Is that because they get special help for being special people?–ed] This conference helps give them the tools to do that.”
Isn’t this what small businesses have always done—depend on family?
Many Hispanic businesses are family-owned and have relied on families more than ever while trying to recover from the Great Recession, said Manny Hidalgo, executive director of the Latino Economic Development Corp., which offers services in small-business development and lending through offices in Wheaton and Washington, D.C.
Forget the family, now it’s all about those government backed micro-loans:
Although banks are lending more to Hispanic businesses, access to capital still is a problem, Hidalgo said. The Latino Economic Development Corp. provides micro-loans of as much as $50,000 to startups and businesss that have difficulty securing credit from financial institutions. [Isn’t this what got us into trouble with housing—giving loans to people who had difficulty securing credit?—ed]
Waahhh! We need more $$$!
But a lot of people need more capital than that,” Hidalgo said.
The Latino Economic Development Corp. is one more of those quasi-government agencies you support with your tax dollars. This sort of lending is not economically sustainable without being propped up by you!