Noticias Newswire

Thousands of Latina-owned Businesses Will Close their Doors Due to the COVID19 Pandemic

— Fifty percent of Latinas and other minority women entrepreneurs are at risk of closing their businesses in the next 90 days. The 2020 Women Entrepreneur Empowerment Summit invited 5 organizations that will share how they are helping their members survive this unprecedented crisis —

NEW YORK, NY – JULY 28, 2020 – (LATINX NEWSWIRE) - Fifty percent of Latinas and other minority women entrepreneurs are at risk of losing their business forever in the next 90 days. Global and national organizations are fighting for their survival and will be gathering at the virtual 2020 Women Entrepreneur Empowerment Summit on July 30, 2020 between 1pm and 2:30pm EST to talk about “The Power of Collaborations in a Post-COVID World.” The event will be Livestreamed on Facebook and YouTube and is co-hosted by Prospanica NJ Chapter.

“We have all been shaken up with the unprecedented times we are living in, and the uncertainty of when this is going to end. Many organizations are waiting for ‘things to go back to normal’ but at Latinas in Business, we believe that every struggle is an opportunity for creativity and innovation,” said President and CEO Susana G Baumann, Latinas in Business Inc.

US Senator Bob Menendez, who is fighting in Washington DC for the forgiveness of PPP loans under $150,000, will send a special greeting of support during the event.

In parallel, the organization is running its first Virtual Fundraiser in collaboration with RENOVAD Experiential Retreats, a company that offers the opportunity for one lucky winner to participate in the 2021 Costa Rica PURA VIDA Blue Osa Yoga Retreat & Spa Giveaway.

“We need your generous support because all our work is on a volunteer basis: 100% of the sponsorship and fundraiser money goes to continue our mission to promote and build programs for Latinas and other minority women entrepreneur,” Baumann said. “Because of our members and sponsors’ loyalty, so far we have promoted over 600 minority-owned small businesses who are struggling to survive in this pandemic overlapped with an unprecedented economic crisis.”

Co-hosted by Prospanica NJ Chapter, the event presents and interactive panel with international and national speakers including Belgium, EU, based Vero Sosa, Founder and President of SHE (Seminario para Hispanas Emprendedoras), Founder of Business Fit Academy and Business Fit Magazine; and from Texas, Perla Tamez, Serial Entrepreneur and Hispanic Star National Hub Director.

Panel facilitator and co-host of the event, Beth Marmolejos-Marrazini, President of Prospanica NJ Chapter and Hispanic Star NJ Hub Director said, “We are trying to find economic support for those businesses that have not received or qualified for government subsidies, working with an organization such as Latinas in Business, SHE and Hispanic Star.”

The event also includes the 2020 Latina of the Month Awards Ceremony. Diana Franco, Executive Director, WE NYC, will be recognized with the Small Business Champion Award. Twelve Latina Entrepreneurs and Leaders who were promoted in the Magazine Spotlight will also receive their recognition at the Virtual Summit.

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About Latinas in Business Inc
Latinas in Business Inc. is a national non-profit 501(c)(3) membership organization that advocates for the economic empowerment of Latinas and other minority women entrepreneurs. Latinas in Business Inc. provides the space for Latinas and other minority women-owned small businesses to gain national exposure and marketing opportunities for their products and services.

About Prospanica
Prospanica, the Association of Hispanic Professionals, has advocated for Hispanic professionals for over 30 years to achieve their full educational, economic and social potential. Formed in 1988, the National Society of Hispanic MBAs (NSHMBA) started with a vision to nurture Hispanic students in their efforts to obtain an MBA degree.

Since 1988, the organization has hosted 30 annual Conference & Career Expos, delivered impactful programs with a focus on leadership and professional development and provided career opportunities with top corporations at the national and local level.

In 2016, NSHMBA extended its reach beyond MBAs with a broader focus to serve the Hispanic professional community and re-branded as Prospanica. With a reach of more than 25,000 members and 47 local chapters, Prospanica continues to build a legacy of Hispanic leadership in proportion to their share of the population.

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