💸Moneda Moves (42): Latinas are entering the workforce at record rates 🔥
Good morning, mi gente. Hope you're reading this with un pan caliente y cafe con leche because there's a lot of good nuggets wrapped in this notita.
A Bloomberg report dropped earlier this week reinforcing that Latinas are engaging in the workforce at record rates. A few takeaways that help explain the trend and project the trajectory for Hispanic women moving forward:
The number of Hispanic women with college degrees has doubled in the past 10 years to 4.8 million
61% of Latinas are participating in the labor force -- higher than the national rate for females of 59% per November's job report
(Credit: Bloomberg)
Also, the In the Heights full trailer dropped yesterday, based on the Broadway musical by Lin-Manuel Miranda. The story follows Latinx characters in NYC's Washington Heights. The music snippets featured are as captivating as you might imagine and the movie is directed by "Crazy Rich Asians"' Don M. Chu, so you know it will be a visual treat. Take a look at the sneak peek here. Let's just say we know what movie we're checking out in theaters Summer 2020.
(Credit: Giphy)
Keep tabs/cuentas on what's happening at the intersection of Latinx and money.
Wisconsin's dairy industry relies on the work of Latino immigrants🥛: When we talk about business and money, the farm industry does not tend to be the center of attention. This is all the more reason I appreciate coverage on the people who work on farms, which by in large tends to be immigrants and Latinos. Per the United States Department of Agriculture, 57% of farmworkers hired in 2017 were Mexican. Despite the ongoing debate around national immigration policy, the number of immigrants hired on farms has continued to rise for the last 30 years. Milwaukee Journal Sentinel highlights stories of farmworkers and their importance in Wisconsin.
Know the powerful/potentes Latinx and up-and-comers in the money world.
Harlem Capital Partners debuts $40M venture capital fund💰: This venture fund is on a mission to fund 1,000 diverse founders in 20 years. Now that both managing partners Henri Pierre-Jacques and Jarrid Tingle have graduated from Harvard Business School, they are going full speed to pursue the mission they set out to fulfill when they launched Harlem Capital in 2015. Only three percent of venture capital funds go to startups founded by minorities. They stopped by Nasdaq to tell us a little more about how they intend to close this gap and companies in their portfolio. Among them? Wellness app Shine and media company for Black millennials, Blavity.
(Credit: Trade Talks)
And if you want to learn even more about Harlem Capital, I encourage you to check out the Tech Crunch article that has been making the rounds about the diversity-focused VC.
Put your money/monedita where your mouth is! Some money updates for thought.
Latino Small Business Lender raises $8 million in Series A funding round💸: If you haven't heard of Camino Financial Inc, I'd encourage you to check them out. It's not the first time they are mentioned in Moneda Moves, but they are charging ahead with their goal to offer affordable loans to underserved Latino business owners and using AI to do it.
Let's talk VC funds. What are interesting funds on your radar serving the underserved? Drop me a line, let me know. In the meantime, if you enjoyed this newsletter, don't forget to share with your socio.
Nos vemos, until next time. 👋🏽
(Credit: Giphy)