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Panel cites procurement gaps, regulatory and litigation costs as barriers for Latino businesses
Summary
Business leaders and the California Hispanic chamber told a Senate select committee that Latino businesses face barriers including limited access to procurement, federalized technical‑assistance funds that restrict service to undocumented owners, regulatory complexity and rising operating costs.
A second panel before the Senate Select Committee on Minority Economic Development focused on barriers that limit growth of Latino‑owned businesses and on strategies to create more quality jobs.
Julian Canete of the California Hispanic Chamber said Latino businesses contribute nearly $200,000,000,000 in output and support more than 2,000,000 jobs but face systemic obstacles including capital access, complex regulation and limited procurement. “Latino owned businesses just represent 11% of employer businesses of more than 4,000,000 small businesses in the state,” Canete said, and he urged stronger state investment in technical assistance and procurement outreach.
Canete and others…
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