There is harsh anti-immigrant rhetoric plaguing the U.S., there’s no question. But it’s a relief to know that there are initiatives looking out for the best interest of our gente. Unshackled Ventures is a unique venture capital fund that invests in immigrant founders and helps them secure visas and launch their dream startups.
A 2018 study by the National Foundation for American Policy found that 55% of the billion dollar companies in the country are led by immigrants. Although immigrants face huge obstacles trying to launch their startups, Unshackled Ventures has $20 million to invest in these founders so they can focus on their businesses 💼 instead of their legal documentation.
Unshackled Ventures travels to colleges and underrepresented communities in search of startups worthy of their investment. The company was started by immigrants, and helps founders accelerate their path offering “friends and family” funding not usually available to some.
Unshackled Ventures’ team leaders say that sometimes the difference between running a successful or failing business lies in who the owner knows and when they decide to move forward with their entrepreneurial pursuits. The team wants to create the best place for immigrants to start their companies and keep innovation in the U.S. and to create 100,000 American jobs.
It’s a win-win para todos! Immigrants with or without a green card can apply here.
Did you know that less than 2% of donations 💰go to Latinx charities in the U.S.? This can be a discouraging statistic when you want your donation dollars to help our gente.
The good news is that there’s organizations that serve Latinxs’ best interests 🤗 and can direct you to charities that share your values and ideals.
One of these is The Latino Community Foundation in California, which invested more than $7 million in 2017 into 72 organizations led by Latinxs and push for social change in health, education, civic, and economic opportunities. They have 475 Latino Giving Circles divided by categories so you can choose where you want your donation to go.
Another option is the Hispanic Federation because they support the Communities of Color Stabilization Fund, which allows re-granting funds to charities of color traditionally excluded from private and public grants.
You can also consider the Hispanics in Philanthropy, or HIPGive, a crowdfunding platform that serves Latinx nonprofits in the U.S. and Latin America. Since they launched in 2014, they’ve helped hundreds of Latinx nonprofits raise the money that supports their critical work, and allowed thousands of donors to give to causes they cherish.
Despite all the hate that President Donald Trump spews, his remarks about nuestra gente continue to be proved wrong and to be outright lies.
As the Latinx population continues to soar in the U.S. so, too, does our economic impact.
And it’s not expected to slow down in the next 10 to 20 years.
Studies show that Latinx immigrants’ entrepreneurial contributions have surpassed native-born Americans and other migrant groups.
Latinxs are a target demographic for banks, insurance companies, asset managers and fintech. Our economic power will only grow stronger, since it’s expected we will account for 20% of the U.S. workforce by 2050.
More importantly, by 2025 the larger Latinx workforce will contribute more to the U.S. GDP growth than non-Latinx labor.
However, Latinxs still struggle to obtain credit which means financial institutions need to improve how they understand our gente’s credit worthiness.
In the meantime, Trump’s nose should be growing each time he claims we’re an economic burden!