SAN ANTONIO, Texas - Ramiro A. Cavazos, who hails from the Rio Grande Valley and is president and CEO of the U.S. Hispanic Chamber or Commerce, was one of the keynote speakers at the 2023 NADBank Summit.
His presentation was titled, Near-shoring and the Impact for Hispanic Business in the Border States. The event was held at The Westin Riverwalk in San Antonio.
During his remarks, Cavazos rattled off a number of statistics to reflect the growing importance of Latinos to the U.S. economy.
“I work for the US Hispanic Chamber. We represent 300 Latino chambers. Five million Latino owned businesses. The fifth largest economy in the world. It is $3 trillion. And that is the 63.5 million Latinos that live in this country. Between 2010 and 2021 the Texas population grew 18 percent. This year we became majority Latino, 40.1 percent. But, during that same time, the population grew 18 percent. The Texas economy grew 39 percent. One half of all the jobs in the US in the last 20 years have been created here in Texas,” Cavazos said.
Editor’s Note: Here is an audio recording of Ramiro A. Cavazos’ remarks. He is introduced by Jesse Hereford, head of strategic partnerships and stakeholder engagement for NADBank.
Editor's Note: To read the full story go to the Rio Grande Guardian's website.
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