Hispanics Influential -- ok now what?
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Transcript of Hispanics Influential -- ok now what?
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
March 4, 2009
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services2
Fast Forward
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No One
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Disputes The Figures
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Over 45 million
Sources: Pew Hispanic Center/US Census
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largest ethnic group
in the U.S.
Sources: Pew Hispanic Center/US Census
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
15% of US population
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Oops! They forget…
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Any Boricua’s in the house?
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
That’s not counting Puerto Rico’s 3.9 million residents
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
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50 million by 2010
Sources: Pew Hispanic Center/US Census
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138 million by 2050
Sources: Pew Hispanic Center/US Census
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OMG is right!
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30% of the population, still not counting Puerto Rico
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U.S. Born
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Outpacing immigration
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1 in 2 births in
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Hijole(wow)
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60% below the age of 30
Sources: Pew Hispanic Center/US Census
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compared to 42%of all U.S. residents
Sources: Pew Hispanic Center/US Census
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Remember the 1 in 2 births?
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They have older siblings…
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Hispanic teens represent1:5 teens
Sources: Pew Hispanic Center/US Census
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$20 billion inspending power
Sources: Pew Hispanic Center/US Census
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Padre(Cool)
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Lets play un juego
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If the US Hispanic population where a country …how big would it be?
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
As big as any of these?
Canada
Australia
Greece
Sweden
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Canada is 36th
Australia is 51st
Greece is 74th
Sweden is 88th
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
We are mas grande!Can you say 28th largest country in the world
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
In the greater Los Angeles media market (5 counties) there are 6,598,578 Hispanics…
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
This would be the 99th largest country in the world.
Jordan is 104th, Denmark is 108th, Norway is 114th
and Ireland is 118th
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
There are over 2.5 millionHispanic-owned businesses in the US.
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
The growth rate by Hispanic businesses is 3 times the national average
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
10% of all small business are Hispanic
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force Group BizBaseTM Business Enterprise & Contact Database
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force Group BizBaseTM Business Enterprise & Contact Database
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
The Hispanic Market has notoriouslybeen overlooked. Among some of
the false perceptions are that Latinosdon’t have spending power…?
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
$980 Billion in 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
$980 Billion in 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
We were on track to hit $1 Trillion by 2010
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Alone, US Hispanics would be the 16th largest economy in the world
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Taiwan is 16th, Turkey is 18th, Poland 19th,
Saudi Arabia 20th, and Israel 31st
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Which Latinos have the money?
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397,148 Hispanic HH households in 2008 with annual income of over $150,000
609,624 households by 2013
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Hispanics spend 9% more timeonline than non-Hispanics
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Latinos over-index in Text Messaging:42% Latinos
34% African Americans28% Non-Hispanic Whites
Sources: Pew Internet & American Life Project, More Access to Data and Information, March 5, 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Latinos over-index in Mobile Games:15% Latinos
11% African Americans6% Non-Hispanic Whites
Sources: Pew Internet & American Life Project, More Access to Data and Information, March 5, 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Latino households over-index on cellphone expenditures, spending106% of the amount spent by
non-Latino households
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
66% Latinos report they keep up withthe latest developments in technology
Sources: Terra Networks, Terra.com Hispanic Syndicated Survey conducted by Comscore Media Metrix, as cited in press release May 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
72% have computers and televisionsin the same rooms
Sources: Terra Networks, Terra.com Hispanic Syndicated Survey conducted by Comscore Media Metrix, as cited in press release May 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
75% use the Internet and watch TValways or very frequently
Sources: Terra Networks, Terra.com Hispanic Syndicated Survey conducted by Comscore Media Metrix, as cited in press release May 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
40% go online to research productsbeing advertised on TV
Sources: Terra Networks, Terra.com Hispanic Syndicated Survey conducted by Comscore Media Metrix, as cited in press release May 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Who are these people he’s talkingabout?
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
15.5 million Hispanics up to age 17or 21% total population in this age group
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
In 2013, Hispanic youths 0 to 17 willballoon by another 11%, compared to a.04% increase among the Non-Hispanic
youths ages 0 to 17
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
In Los Angeles - 62% of 0 to 17year olds are Hispanic
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
316 U.S. Counties in 2009 are”majority-minority”
meaning that the non-Hispanic white population isless than 50% in these areas, many of which are the
largest counties in the nation.
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Retirement ages of 65 plus isdisproportionately non-Latino. In 2013,
Non-Latinos will form 92% of theretirement-age population.
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
This will have important implicationsfor public service and economists
planning the future of theAmerican economy and its tax base.
Sources: Latin Force, American Marketplace Datastream 2008 Series
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Q: So how as a community do weleverage this enviable position?
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Lets play what if?
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force Group BizBaseTM Business Enterprise & Contact Database
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Sources: Latin Force Group BizBaseTM Business Enterprise & Contact Database
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
This year it's estimatedAmericans will spend$558 billion dining out.
Sources: Boston Globe Article: The Greenest of them all. By Devra First. Dec. 3 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
They account for 33%of all US retail electricity use
Sources: Boston Globe Article: The Greenest of them all. By Devra First. Dec. 3 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
The average restaurant goes through300,000 gallons of water a year
Sources: Boston Globe Article: The Greenest of them all. By Devra First. Dec. 3 2008
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
What if…Latino Restaurant owners:1. Use Low-flow spray nozzles to save water.2. Use Fluorescents which use a lot less energy than
standard bulbs.3. Have used frying oil picked-up and passed on to
people who fuel their cars with it.4. Buy local food - fish and meat don't travel far.
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
My point is…we are concentratedgeographically and often byindustry…with just these two
realities there is influence to makechange happen
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Gracias!(thank you)
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Interested in Latinos & Green?
Visit:
Email me: [email protected]
Special thanks to:
Big IDEAs + Marketing Strategy + Business Capital & Expansion Services
Q: So how as a community do weleverage this enviable position?