💸💪🏾Moneda Moves (13): Shout-out to our bodegas and the women in charge
What's good, mi gente? 👋🏾Today, I'm sending a virtual shout-out to all our bodega owners🐈, the kind of businesses they represent - small business - and the women in charge, because guess what? It's National Women's Small Business Month. It's such an opportune time to celebrate the jefas (bosses) taking charge too. Women, particularly women of color, are leading the way in small business creation.
(GIF courtesy of Trenza taking up space on the Giphy page)
💸This is Moneda Moves, so you know I'm going to give a hat tip to Latinas here: From 2007 to 2015, nearly half of the growth in new Latino business came from firms started by women. That's in addition to being mothers and leaders in the household. Not only are we leaning in, we are also leading the way in terms of small business creation among women, per a report by Stanford's Graduate School of Business.
If this notita makes you think of a boss lady in your life, forward it on. 🔔And to all the women and Latinas entering the world of small business, keep making some noise.
Con poder✊🏾,
Lyanne
Keeping tabs/cuentas on what happened last week in the world of Latinx in business. We review studies, features and news updates as they relate to our community and underrepresented communities at large.
Star Jones' take on National Women's Small Business Month💰: This week, Star Jones, President of Professional Diversity Network (you may also recognize her as a former co-host on The View) stopped by Nasdaq to talk about new tools her organization is offering to help women who are small business owners get ahead. 🎬We also talked about closing the wage gap, the importance of sponsors and of course, Latina Equal Pay Day -- you can jump to 9:30 for that part of the discussion. Some takeaways for you all:
Latina women earn $0.54 for every dollar earned by their white male counterparts, Native American women make $0.57 and black women $0.63
Reminder: Mentors are people you can reach out to for advice, sponsors speak up for you even when you're not in the room, as Jones explains
Voto Latino is offering Lyft rides to get out the vote in Kansas✅: In Dodge City, Kansas, 60% of the population is Hispanic. For a town of nearly 30,000 residents, the city only has one polling place. The real kicker? The polling location this year was moved out of city limits, where there is limited access to public transportation. Advocacy group Voto Latino has come in with a potential solution: It is partnering with Lyft to offer rides to voters to get to the polls. The story comes from Nicole Acevedo at NBC Latino. And whoever you're thinking of voting for on November 6, here's the punchline and reminder: Get out there and vote.
Get to know the powerful/potentes Latinx and up-and-comers in business.
Remezcla's Latinx Career Diaries aims to reflect being a real Latinx professional is like⚡: The Latinx Career Diaries recently made it onto my radar and I really appreciate the purpose behind it. Per Remezcla, here's the main premise: while Latinx make more than 16% of the workforce in a diverse range of fields, they are very underrepresented and most affected by the wage gap. Therefore, we offer very distinct points of view when it comes to being a professional today.
👔 Last week, Remezcla featured a project manager in the construction industry making $60,000 a year and candid answers to questions on responsibilities, how the interviewee broke into the field and negotiation process. You may have noticed I haven't mentioned a name --that's because the publication appears to keep this detail anonymous. (As I mentioned, the answers are pretty honest! #NoFilter📷) It's absolutely worth a read and I'm looking forward to seeing more profiles of Latinx with diverse careers, experiences and perspectives in the blog.
Meet the mariachi bringing internet to Detroit🎸: In Detroit, nearly 40% of residents go without internet. That stat is so mind-boggling that you might think it's new news, but it's not. 🤔Motherboard, CNET, among other national publications have reported the fact. But this NBC piece is the story of Rita Ramirez, a mariachi, who also works with Equitable Internet Initiative to bring internet connection to residents, particularly those who are low income. She too did not have easy access to the internet when she was growing up. Kudos to Erik Paul Howard and Anastasia Klimovitz, who co-produced the piece on a great job storytelling here.
Put your money/monedita where your mouth is! These are Latinx entrepreneurs, business owners and thought leaders to consider backing.
This entrepreneur is using fintech to help other Latinas manage money 🏦: What platforms do you use to manage your money? Ramona Ortega is a Latina who’s set out to serve people at the intersection of fintech and culture. She believes cultural experiences should not be detached from the way your money is handled, so she launched My Money My Future to help Latinas manage their money and build wealth in the Latinx community with these sensitivities in mind.
(Quote taken from Bustle)
Know someone who would enjoy Moneda Moves? Do me a favor, and share with your colegas here. But before we wrap--
Remember that time Cardi B gave us MONEY in less than 24 hours? ⏰: Oh, right. Cardi dropped the single two days earlier than expected, her first since "Invasion of Privacy." So what did we all think? Drop me a line and let me hear it!