Unbanked Latinos in New Orleans represent a $750 million market that has generally been overlooked by local banks and credit unions. ASI Federal Credit Union has instituted an aggressive campaign to economically empower Latino immigrants by opening Louisiana’s first credit union branch dedicated to serving the Latino community. Located in Mid City, the branch boasts a fully bilingual staff with branch materials printed both in Spanish and English. ASI Federal Credit Union further sets itself apart by offering unique financial services that have proven beneficial to the growing Latino population in New Orleans. Upon recognizing the linguistic and cultural barriers preventing many Latinos from access to affordable banking, the credit union has developed several innovative products to fill market gaps, and also recently began offering Immigrant Temporary Identification Number (ITIN) processing services as a free service to members and non-members. ASI seeks to bring New Orleans’ unbanked Latino population into the financial mainstream and support the credit union’s long standing mission of economic empowerment and financial justice within the community.
Delgado Community College, a comprehensive community college, offers programs through the Associate degree. The College provides a learning centered environment through face-to-face and distance education to students from diverse backgrounds to attain their educational, career, and personal goals, to think critically, to demonstrate leadership and to be productive and responsible citizens.
Delgado offers ESL courses (English as a Second Language) both for students pursuing an academic curriculum, or a separate ESL program for those pursuing technical studies. Delgado has a very welcoming attitude to Latinos and is actively recruiting higher Latino enrollment.
Delgado houses the Goldman Sachs 10,000 Small Businesses Initiative and is seeking more Latino entrepreneurs to apply to this most prestigious program.
10,000 Small Businesses at Delgado Community College is part of a national, five-year investment by Goldman Sachs and the Goldman Sachs Foundation to unlock the growth and job creation potential of small businesses in the U.S. through greater access to business education, financial capital, and business support services. The initiative is currently active in New Orleans, New York City, and Los Angeles, Houston, and over the next five years, will reach 10,000 small business owners across the country.
The program at Delgado Community College is comprised of three main components:
1. An 80-100 hour business education;
2. 6-8 hours/week of business support services – including technical assistance, one-on-one business advising, and business clinics – as well as assignments in advance of each class to help participants apply classroom learnings to improve their day-to-day operations; and
3. Expert advice to help participants refine their business Growth Plans and effectively position their companies to access capital when the time is right.
The ultimate goal of the initiative is for the participating business owners to increase their revenues and create jobs in New Orleans and its surrounding areas.
The Hispanic Apostolate of the Archdiocese of New Orleans works in conjunction with Catholic Charities of New Orleans to offer expanded services to the Hispanic community of New Orleans including trauma counseling to individuals, families and groups by a staff psychologist, job search assistance for documented persons, emergency assistance, wage claim clinics, legal and other services, and referrals for the uninsured and under insured to medical care through the Latino Health Access Network http://llhc.info
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America’s future, and to helping the United States compete in today’s global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.
Louisiana Economic Development is responsible for strengthening the state’s business environment and creating a more vibrant Louisiana economy.
Louisiana consistently outperforms the South and the U.S. in creating jobs and economic opportunities for its citizens.
Cultivate jobs and economic opportunity for the people of Louisiana through nine integrated economic development strategies:
- Strategically improve state economic competitiveness
- Engage with local partners to enhance community competitiveness
- Forge partnerships to enhance regional economic development assets
- Expand and retain in-state businesses
- Execute a strong business recruitment program
- Cultivate small business, innovation and entrepreneurship
- Enhance workforce development solutions
- Promote Louisiana’s robust business advantages
- Attract foreign direct investments and grow international trade
With dedicated and knowledgeable professionals committed to Louisiana’s economic future, LED strives to help businesses find the resources they need to make relocation and expansion a successful and profitable endeavor.
The Southern Region Minority Supplier Development Council (formerly the Louisiana Minority Supplier Development Council) was founded in 1973 to assist major corporations with developing, enhancing and expanding minority vendor programs by integrating minority business enterprises (MBEs) into the corporate purchasing mainstream.
SRMSDC serves the states of Alabama, Arkansas, Louisiana, and Mississippi. SRMSDC is one of 23 regional affiliates with the National Minority Supplier Development Council (NMSDC). This network serves to promote procurement opportunities among the Council’s minority suppliers and nurture relationships between buyers and sellers that increase the number of minority firms actively engaged in corporate supply chains.
The primary objective of SRMSDC is to certify and develop minority suppliers interested in engaging with the business purchasing community. SRMSDC annually hosts the Gateway Business Connections Conference and Expo, the region’s premier conference on supplier diversity. This two-day conference is the region’s largest in-person exchange between corporate buyers and MBEs.
Did you know Louisiana was the first state in the U.S. to offer sales tax refunds to international visitors?! Not to be confused with “duty free” shops at international departure terminals in airports, the sales tax refund is provided on tangible items purchased at tax-free stores and permanently removed from the United States. There is no refund for sales taxes paid for personal services, such as: hotels, restaurants, entertainment and transportation.
The New Orleans Hispanic Heritage Foundation (“NOHHF”) is a non-profit community organization whose main purpose is to provide an organized and directed effort in cultivating and promoting the Hispanic heritage of New Orleans and the Southern region. The NOHHF tries to share and integrate this heritage into the area’s economic cultural and social mainstream. One of the most important tools that the Foundation uses in achieving these goals is its scholarship program. The Foundation seeks, encourages and supports talented Hispanic high-school students by providing them with educational scholarships at local schools participating in the NOHHF Scholarship Program.
The NOHHF is governed and managed by a board of volunteers, all local professionals. Since the work and most of the expenses of the NOHHF are assumed by its volunteers, virtually every dollar that is contributed to the Foundation for scholarships goes to the scholarships that are awarded to these outstanding young men and women. Since 1993, the NOHHF has awarded over $300,000 and 250 high school scholarships to top-notch students to some of the best schools in our area. These students go on to be responsible leaders and make substantial contributions to the betterment of our community.
For more than 21 years, LiftFund, a 501(c)(3) nonprofit organization, has helped individuals achieve the “American Dream” by providing small business loans to those who do not have access to capital from typical lending sources, such as traditional banks. Along with vital small business loans, LiftFund provides educational services at no cost to borrowers, which are essential to foster self-sufficiency.
Latin American Civic Association of Louisiana (LACAL)
P.O. Box 640284
Kenner, LA 70064
Fund 17 is a nonprofit organization with the mission to combat opportunity inequality in the seventeen wards of New Orleans by providing micro-entrepreneurs financial and educational tools for self-empowerment.
We aspire to help minority- and women-owned businesses start, grow, and succeed. We envision a community where the economy is diverse and inclusive and where all dedicated and competent entrepreneurs have access to the resources they need to succeed.