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Los Angeles Latino Chamber names Business Award recipients

Latinos are significantly impacting the growth in the number of small businesses in the United States

Compton Herald | Los Angeles Latino Chamber
The Los Angeles Latino Chamber named Moctesuma Esparza, CEO of Maya Cinemas, the “Inspirational Leader of the Year.” He aims to bring more movie screens to Latino audiences. Photo courtesy of Maya Cinemas


L.A. Latino Chamber of Commerce recognizes outstanding and inspirational Latino business leaders in five categories; awards luncheon set for July 18

LOS ANGELES — The Los Angeles Latino Chamber of Commerce (LALCC) today announced the winners of its 8th Annual Latino Business Awards, recognizing the dedication, innovation and entrepreneurial spirit displayed by the Latino business community in the greater Los Angeles area.

The key criteria upon which the nominees were judged included business and income growth, innovation, community involvement and excellence in the industry.

The LALCC Latino Business Awards will be presented during the awards luncheon on Tues., July 18, 2017, as part of a half-day program scheduled from 9 a.m. to 1:30 p.m. The awards portion of the program is scheduled from 11 a.m. to 1:30 p.m. at the Millennium Biltmore Hotel in downtown Los Angeles.

“We’re recognizing some of the most respected and successful Latino business leaders in their respective industries, which represents the very best that the Los Angeles Latino business community has to offer,” said Gilbert R. Vasquez, managing partner, Vasquez & Company, LLP; and Los Angeles Latino Chamber board chairman, in making the announcement. “This year’s award recipients are the embodiment of today’s entrepreneurs—savvy business leaders that hold the key to spurring economic revival, job generation, and sustained financial growth.”

This year’s LALCC awardees include:

· Moctesuma Esparza, CEO, Maya Cinemas – Inspirational Leader of the Year Award. ” A Latino film icon whose story is so compelling that it serves as an inspiration for Latino entrepreneurs to never give up.”

· Martha Montoya, CEO, AgTools – Innovator of the Year Award. “A business leader who is using technology to disrupt longstanding norms and create new markets of possibility.”

· Kenneth and Sean Salas, co-founders, Camino Financial – Rising Star Award. “New-to-market financial entrepreneurs who have quickly captured our attention by showing potential for greatness, uniqueness, and impact.”

Compton Herald | Leticia Aguilar

Leticia Aguilar, executive vice president and regional president for Union Bank will receive the Corporate Executive of the Year Award, July 18. Photo: Union Bank


· Leticia Aguilar, executive vice president and regional president for Union Bank – Corporate Executive of the Year Award. “A veteran banking leader who has played a key role in leveraging her corporate position to accelerate Latino business success.”

· Samuel F. Magaña, founder, Diana’s Mexican Food Products – Legacy Award. “An iconic leader who’s at the helm of a successful business and brand whose impact has crossed multiple generations.”

In a country built by immigrants, numbers represent the strength and ability to move forward both culturally and economically. Such is the case for Latinos, a growing force in the United States currently representing 18 percent of the overall population — a number expected to grow to 30 percent by 2060.

The economic impact Latinos have in the country as a group is growing at a steady rate, and according to Nielsen, a global information measurement firm, Latinos are “the most influential segment since the Baby Boomers,” representing a $1.5 trillion consumer market.

“Latinos are significantly impacting the growth in the number of small businesses in the United States,” said Maria Salinas, president and co-founder, Salinas Consulting, LLC and former chairwoman, ProAmerica Bank. “In fact, The State of Latino Entrepreneurship 2015 report revealed that between 2007 and 2012, the number of Latino-owned businesses grew by 46.9 percent compared to just 0.7 percent for non-Latino owned businesses, an extraordinary level of entrepreneurship that suggests Latinos play a substantial role in local job creation and economic development.”

“Latino business owners are having a significant impact on the economy and we have to continue to support that growth by providing access to capital, professional development, and networking opportunities,” said Moises Cisneros, executive director, Los Angeles Latino Chamber of Commerce. “The influence of the Latino population on the economy is undeniable and the number of Latino small businesses is growing at three times the rate of the national average leaving little doubt that we will continue to be a major factor in the economic recovery of the United States.”

Compton Herald is a digital news publication providing clear, fair and current news, information and commentary about Compton, the Los Angeles metropolitan area, Los Angeles County, California, and the world.

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