This document discusses the growing Hispanic population and economy in the United States and Quad Cities region. It notes that the Hispanic population is projected to reach 30% of the total US population by 2050, and currently has a purchasing power of $2 trillion. In the Quad Cities region specifically, the Hispanic population has grown 83% since 1990 and makes up $630 million to $1 billion of the local earning power annually. The document advocates for establishing a Hispanic Chamber of Commerce to provide economic empowerment and resources for Hispanic businesses in the area.
3. n In 2050, 30% of the
population will be Hispanic
(128 million).
– according to Jeff Passel,
Senior Research Associate
for Pew Hispanic Center in
Washington, D.C.
4. The 2010 purchasing
power of Hispanics has
increased to $2 trillion from
$1 trillion.
Seventy percent of
the nation's Hispanic
population is under the
age of 30.
6. Quad Cities Region
n The population of the
Quad Cities region is
376,019 with approximately
45,122 Hispanics (all
generations).
7. n The Hispanic population
in Scott and Rock Island
Counties has grown 83%
since 1990.
n In 2000 local estimates
had the Hispanic population
in the IL QC reaching
45,000 in 2015, however,
the Hispanic population
growth has surpassed
estimates.
8. n Eighty-nine percent of the
working Hispanic population
makes over $15,000 and
under $60,000 per year.
Locally, Hispanic earning
power is approximately
$630 million to $1 billion per
year.
9. Why a Hispanic Chamber
of Commerce?
A Chamber:
Provides economic
empowerment for the Hispanic
business community.
Offers programs to give
members more visibility and
participate in the general economy.
10. Provides resources and
education to support their
knowledge of opportunities
with the city and state
governments.
Expands their network and
builds resources including
health care and financial
services.
11. Illinois Hispanic Chamber
of Commerce
Established in 1990, the
Illinois Hispanic Chamber
of Commerce is by far the
leading Hispanic business
group in the state of
Illinois.
12. IHCC is the preferred
source of guidance,
assistance, and networking
opportunities for Hispanic
business owners in Illinois.
13. The Chamber enjoys
outstanding relationships with
Hispanic and other key
stakeholders including elected
officials and community
leaders.
14. IHCC has a membership
base 1,400 strong and
access to networks enabling
it to reach thousands of
Hispanic businesses beyond
its membership.
