The Greater Quad Cities Hispanic Chamber of Commerce
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The Greater Quad Cities Hispanic Chamber of Commerce

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The Greater Quad Cities Hispanic Chamber of Commerce and its importance in the community

The Greater Quad Cities Hispanic Chamber of Commerce and its importance in the community

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The Greater Quad Cities Hispanic Chamber of Commerce Presentation Transcript

  • 1. Bob Ontiveros Chairman, Group O
  • 2. United States Previous 2050 projections predicted US population would rise to 438 Million with 109.5 million Hispanics (25%)
  • 3. n In 2050, 30% of the population will be Hispanic (128 million). – according to Jeff Passel, Senior Research Associate for Pew Hispanic Center in Washington, D.C.
  • 4. The 2010 purchasing power of Hispanics has increased to $2 trillion from $1 trillion. Seventy percent of the nation's Hispanic population is under the age of 30.
  • 5. More importantly, they will be paying into social security when the baby boomers will be retiring.
  • 6. Quad Cities Region n The population of the Quad Cities region is 376,019 with approximately 45,122 Hispanics (all generations).
  • 7. n The Hispanic population in Scott and Rock Island Counties has grown 83% since 1990. n In 2000 local estimates had the Hispanic population in the IL QC reaching 45,000 in 2015, however, the Hispanic population growth has surpassed estimates.
  • 8. n Eighty-nine percent of the working Hispanic population makes over $15,000 and under $60,000 per year. Locally, Hispanic earning power is approximately $630 million to $1 billion per year.
  • 9. Why a Hispanic Chamber of Commerce? A Chamber: Provides economic empowerment for the Hispanic business community. Offers programs to give members more visibility and participate in the general economy.
  • 10. Provides resources and education to support their knowledge of opportunities with the city and state governments. Expands their network and builds resources including health care and financial services.
  • 11. Illinois Hispanic Chamber of Commerce Established in 1990, the Illinois Hispanic Chamber of Commerce is by far the leading Hispanic business group in the state of Illinois.
  • 12. IHCC is the preferred source of guidance, assistance, and networking opportunities for Hispanic business owners in Illinois.
  • 13. The Chamber enjoys outstanding relationships with Hispanic and other key stakeholders including elected officials and community leaders.
  • 14. IHCC has a membership base 1,400 strong and access to networks enabling it to reach thousands of Hispanic businesses beyond its membership.