Latino business group formed
New chamber to offer support to owners of Hispanic firms
Loayza, who runs a law firm in Taylorsville, is heading up the newly created Latin-American Chamber of Commerce that kicked off Thursday night in Salt Lake City.
"I didn't have much mentoring or resources that I could use," he said. "The Chamber of Commerce could be a clearinghouse for information and a forum for gathering and exchanging information, tips and pointers."
The group aims to set itself apart from the existing Utah Hispanic Chamber by focusing on assimilation of new immigrants from Latin America as they attempt to set up shop within Utah. The Hispanic Chamber, Loayza said, has not focused enough on the business hurdles facing new immigrants.
Although the language barrier is often the greatest obstacle for Latinos, Loayza said an understanding of the U.S. business market is an often underestimated stumbling block.
Much more formal than the Hispanic market, the U.S. system is intimidating to many immigrants, Loayza said. Education and practical guidance could help Latino business owners navigate through that new and complex system.
The new chamber also hopes to give Latinos a chance to make connections with other minority business owners, who Loayza said are growing as a valuable resource in Utah and the nation.
Latinos make up about 10 percent of the state's 2.4 million people, according to the U.S. Census. In Salt Lake County, Latinos are about 12 percent of the population.
"Just by the sheer force of numbers, Latinos have gained relevance in the economy," he said. "Just to have somebody to bounce off ideas with, somebody to do joint ventures."
That forum is particularly valuable to Travis Bonino, owner of the Salsa Leedos Mexican Grill in West Jordan. Bonino, a member of the newly formed chamber, is a Utah native who is excited to tap into the Latino culture in the Salt Lake area.
Bonino, who speaks little Spanish, said he hopes the chamber will provide a link between his restaurant and the valley's Latino population that could provide marketing ideas or even help run his business.
"It's going to be kind of a crutch for me," Bonino said. "All my marketing to the Latino market has failed. This is going to open a wide door for me in running my restaurant."
But Joe Reyna, chairman-elect of the board of the Utah Hispanic Chamber of Commerce, said he's not sure what the new group can offer that the existing chamber doesn't already. The Hispanic Chamber has grown to about 230 members since its installation in 1991.
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