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Letter     

The Hispanic Business Association, Inc. is an organization with opportunities for those who like to meet other business owners, learn about the Hispanic business culture, network, attend after hour mixers, seminars, and market their products and services to other members and the general Hispanic community via the HBA.

 The Chairperson and Founder is Frank Rosales, Ph.D. the administrative officials consist of, three officers and five board members that meet four times per year. 

The next chapter that opened was located in Anaheim, California in 1990 and was first opened by Rob Cope for its first breakfast networking meetings  at the Jolly Rogers Restaurant in Anaheim, California.

As of today, the Hispanic Business Association, Inc.  HBA meeting locations  are in the following  Southern California areas:

Anaheim Chapter, Palm Springs Chapter, San Juan Capistrano Chapter, Long Beach, Huntington Beach,  Irvine, West Covina, Downey Chapter , Riverside Chapter,  Temecula Chapter,  Palm Springs, Santa Ana Chapter, Santa Barbara Chapter, Inland Empire Chapter, San Bernardino Chapter, South Bay Los Angeles Chapter, Long Beach Chapter, San Diego Chapter, Whittier Chapter, Los Angeles Chapter, San Fernando Chapter, Las Vegas Chapter, Oxnard Chapter, Santa Barbara,  Ventura Chapter, San Jose Chapter, Tijuana, B.C. Mexico Chapter.

We are now opening new Hispanic Business Association, Inc. Chapter location in the following city and state location areas:

Denver, Colorado, Tucson, and Phoenix Arizona,  San Francisco, San Jose, Fresno,  Sacramento, California, Settle Washington,  San Antonio, Austin, Dallas, and  Houston Texas, Albuquerque, New Mexico  Chicago City, Chicago, Manhattan, New York City, New York,  Miami,  Florida,  Monterey, Guadalajara, Tijuana and Mexico City, Mexico, Rio De Janeiro Brazil and Toronto Canada.

We are now looking for Chapter Directors now interested in heading or operating a new chapter locations within the United States. If you are interested and would like  more information about the exciting opportunities and  having your own HBA Chapter in your home territorial location, please email us at hbamembership@yahoo.com or mail your resume and  cover letter to: Hispanic Business Association, Inc.   P.O. Box 2367 Anaheim, California 92814.

We are sincerely looking forward to having you attend our next meeting at your nearest location, we would be pleased to have you join our growing organization, should you have any questions, please call us at:  Phone: (714) 776-6265 or email at: hbamembership@yahool.com

Frank Rosales, Ph.D.                                                                           CEO & Founder                                                                            Chairman of the Board, and President 

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Carlos Slim, the richest man in the world

The son of a Mexico City shopkeeper has built a staggering $59 billion fortune. Fortune's Stephanie Mehta tells the inside story of how he made it to the top.

By Stephanie N. Mehta, Fortune senior writer

August 20 2007: 12:12 PM EDT

(Fortune Magazine) -- I remember there was a time when the value of his enterprises was very low," recalls Patrick, the youngest son of Carlos Slim Helú. It was the early 1980s, and Mexico was in the depths of a massive financial crisis. Periodically the elder Slim would round up his three teenage sons for an economics lesson. Sitting them down in the living room of the family home, Slim would produce a single handwritten list. One line would show, for instance, how a Mexican insurance company was selling for far less than a similar American insurer. Another would show that compared with European candy or cigarette makers, Mexican manufacturers were drastically undervalued. "It was a very, very long time ago," says Patrick, "but I absolutely remember him teaching us at an early age."

For Slim, a onetime math instructor, this was no mere academic exercise. Yes, he wanted to instill in his sons the same lesson his father - a Lebanese immigrant who started acquiring real estate in Mexico City during the Revolution of 1910 - taught him: Though Mexico will have its ups and downs, don't ever count the country out. But Slim wasn't just teaching, he was buying. He spent $55 million on an insurance company. He took a stake in retailer Sanborns. He invested in a hotel chain.

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Latino businesses grow at triple national rate

Data show minority-owned firms fastest-growing part of U.S. economy

By Krissah Williams and Cecilia Kang

Updated: 5:45 a.m. PT March 22, 2006

Hispanics in the United States are opening businesses at a rate that is three times as fast as the national average, according to a report released Tuesday by the U.S. Census Bureau.

Growth is even faster in the Washington area, where the number of Hispanic-owned companies has increased by 67 percent from 1997 to 2002, the most recent year available, reflecting both the region's vibrant economy and the surge of Latino immigrants to the region. The overall growth rate for new businesses in the region was 15 percent.

Compared with other major cities, the Washington region has a larger proportion of Hispanic-owned companies in professional areas such as high technology, legal, accounting, engineering and translation services. Analysts and businesspeople attribute that to the government's huge demand for professional services, the number of educated Hispanics who move here to work for embassies and international groups and businesses, and a growing number of second-generation Hispanics living here.

In 2002, 32,412 Hispanic-owned businesses were located in the District, its suburban counties and the surrounding area reaching to Baltimore and to West Virginia. The largest concentration of Hispanic-owned businesses is in Montgomery County, which has 7,405, followed by Fairfax, which has 7,302. Both counties have significant Latino populations. Growth in the District has been flat.

Nationally, there were nearly 1.6 million Hispanic-owned firms, still a small percentage of the 23 million individually owned businesses in the country. But Ying Lowrey, senior economist at the Small Business Administration's advocacy office, said minority-owned firms represent the fastest-growing segment of the nation's economy.

Asians are the largest sector of minority business owners in terms of number of businesses and employees, but Hispanics and African Americans are starting businesses at a faster rate. "The contribution of minorities to the economy is tremendous," Lowrey said.

Hispanic immigrants "want to go into their own business as soon as they can leave their day jobs after saving enough money," said Michael Veve, a Washington lawyer who consults with small-business owners who want to do business with the federal government. "They seem to have a very clear perception that they can do better financially in their own businesses."

Of the Hispanic-owned businesses in the Washington region in 2002, 8,593 were construction companies, 4,947 were administrative and cleaning firms, and 4,079 were professional service businesses.

Hispanics in the District and its suburbs have launched scores of government-contracting companies that get business through the federal program that sets aside work for small and minority-owned businesses. In Maryland, 13.1 percent of Hispanic-owned business were professional, technical or scientific services firms. In Virginia, that portion was 10.7 percent, and in the District those companies constitute 22.8 percent. The concentrations are larger than the national average of 8.8 percent and those found in metropolitan areas that are hubs for Latino residents, including Los Angeles, Houston and New York.

Fernando Galaviz started his Arlington-based systems integration company in 1988. Through an acquisition and the 8A small-business and minority program, which assists businesses owned by U.S. citizens, the native of Mexico City was able to win work that turned his company, Centech Group Inc., into a thriving government contractor with $71 million in revenue and 367 employees.

"The government is the marketplace here, and you'll see lots of Hispanic and other minority-owned companies that have started to support the high-tech requirements and engineering and scientific requirement that the federal government is demanding," said Galaviz, a former director for the Commerce Department.