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"LATINO ENTREPRENEUR BULLETIN" DELIVERS TARGET MARKET There are 29.3 million Hispanics in the U.S. or over 10% of the nation’s population. Hispanics are well on their way to becoming the nation’s largest minority group and they are projected to reach 42 million by the year 2010. It is projected that by the year 2040, one in four people residing in the U. S. will be of Hispanic descent. By 2050, the Hispanic population is expected to exceed 60 million. The Hispanic mean age is 26 compared to 34 for the non-Hispanic population. Approximately 43% of the U.S. Hispanic population falls into the middle-class definition of household income of more than $30.0 and the upper end households with income of over $50.0 grew between 1986 and 1994. It’s estimated nearly 20% of all Hispanic households have income of more than $56.0 in 1996. Hispanic buying power has increased 56% in the past nine years and consumer base is expected to control purchasing power of $477 billion as of the year 2000. 80% of their house-holds are considered "families." They have strong religious, language, and traditional values. They are loyal consumers and still have a strong work ethic. Currently there are nearly 1.3 million Hispanic-owned businesses in the United States, generating over 200 million in annual gross receipts. OHIO’S HISPANICS According to the Plain Dealer article of 9/15/99—Ohio Hispanics grew by 28.2 % from the 1990 census and now number approximately 180,000. By end of the year 2000, there will be 200,000 Hispanics in Ohio. Many argue that with the census undercount Hispanics already surpass the 200,000. There are approximately 65,000 to 75,000 Hispanics in the Northcoast area (including Toledo, Lorain, Elyria, and Cleveland). Currently Hispanics are arriving in Geneva, Painesville, and in the Lake County area. There are approximately 5000 Hispanic-owned businesses in Ohio. Does that explain why a local monthly business magazine has started a quarterly minority business insert; why a local business newspaper is highlighting minority businesses; and why other major Cleveland publications are waking—up" to the fact that the minority market also includes Hispanics. HISPANICS ARE CONSUMERS, BUSINESS OWNERS, AND EXCELLENT EMPLOYEES. The LATINO ENTREPRENEUR BULLETIN delivers the Hispanic market without the cost of advertising to all the other markets (minority or major) and DOES NOT lose sight of your "target market." Experience The publisher, Rafael Reyez Davila has approximately 25 years in advertising; the last eleven years as owner of a Hispanic market specialist ad agency and 14 years as CFO of a $45 million local 4A major consumer agency (local office of a national $360 million ad agency.) He has been very active in the Hispanic community, serving on several local organizations’ boards and founded the Hispanic Athletes Network, a non-profit school dropout prevention and anti-drug program. Cost Comparison Effectiveness 1) A Cleveland weekly business newspaper format, smallest size ad 18 inch (3 col. x 6) one time cost is $1,386.00. 2) A Cleveland monthly business magazine format, smallest size ad, 1/6 page (2 1/2" x 4 7/8") one time cost is $950.00. 3) The LATINO ENTREPRENEUR BULLETIN monthly newsletter LARGEST size ad FULL PAGE (10" x 8"). one time cost is $600.00. |
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THE LATINO ENTREPRENEUR BULLETIN |