Annotations for People: Moreno-gilbert

I'm Maria Hinojosa. From mom-and-pop stores to computer corporations, the number of Latino-owned businesses in this country is growing rapidly. According to the US business census, 20 years ago, there were just over a hundred thousand such enterprises. Today, they number over a half a million with total revenues of over $34 billion. That figure is expected to rise to $49 billion by the year 2000. A number of CEOs of the top Latino-owned business firms were in Washington, DC recently for a dialogue with policy makers in the nation's capital. Latino USA's, Patricia Guadalupe reports.

Organized by Hispanic Business magazine, this gathering brought over 250 chief executive officers of top Hispanic companies to communicate their concerns and legislative priorities to members of Congress and President Clinton. Among their concerns, the North American Free Trade Agreement and healthcare reform. Nancy Archuleta, CEO of MEVATEC Corporation, a small aerospace company in Huntsville, Alabama, is concerned that available details from the President's healthcare plan indicate it may pose problems for many Latino businesses.

Almost a resounding message that we've received is that small to mid-size business America has not been heard. We currently provide full pay medical benefits to our employees, but given the tax reform, given healthcare as a mandate, those things would really make me consider seriously whether I would be able to even be profitable any longer. And if I can't be profitable, obviously, I can't stay in business.

Archuleta added that as part of their meetings with congressional leaders, the Hispanic CEOs will propose tax incentives for small businesses as a way to help pay for participation in the healthcare system.

I think there's a good compromise somewhere in there. It's a great start. I hope we can take our time with it.

A majority of the business leaders assembled support the North American Free Trade Agreement between the United States, Mexico, and Canada. Many say that as Latinos, they can take advantage of the common language and cultural identification with Mexico. Gilbert Moreno, a senior partner for a telecommunications company in El Paso, Texas, says that even though he has problems with the enforcement powers of the labor and environmental site agreements to NAFTA, he feels those who are against the treaty don't realize it as beneficial overall.

I think there's a lot of issues, environmental, a lot of concerns that existed with or without the NAFTA environment here that I think are muddying the water relative to what's happening. And I think that we have no choice as American business people to use some provisions that are not to our liking as the excuse not to move forward. We have no choice, and what I'm afraid of is that most of the legislators who for political reasons may be making the decision not to vote for NAFTA are not taking a look at the big picture and the common ground that we can reach between the three nations.

According to the latest US Census and Department of Labor Statistics, new business growth, even in a recession, is greatest among Hispanics and even outpaces the population group in that community. Democratic representative, Lucille Roybal-Allard of California, one of the lawmakers meeting with the Latino business leaders says that with the growing influence of Latinos, more members of Congress are paying attention.

The Latino community and the business community is growing tremendously, and it has tremendous influence, not only in terms of the contributions that the Latino businesses will make to the economy of the United States but in terms of their political influence, their influence and a lot of the policy decisions that are going to be have been made and are being made today.

Those attending the business leaders conference also met with members of Clinton's cabinet. For Latino USA, I'm Patricia Guadalupe in Washington.[transition music]