Latino Biz Startups, Workforce, Homeownership Crucial To U.S. Economy, Report Finds

Democrats and Republicans may continue to have a growing bitterness between them but there is at least one thing they seem to agree on:

While U.S. Latinos still lag behind their white counterparts in several key economic indicators, they are slowly becoming the driving force behind this country’s economy in terms of business startups, workforce and homeownership.

That according to a U.S. Congress Joint Economic Committee (JEC) report released last week. The JEC is a bipartisan joint House and Senate committee established as a part of the Employment Act of 1946, which deemed the committee responsible for reporting the current economic condition of the United States and for making suggestions for improvement to the economy.

“For too long, too little attention has been paid to the economic contributions of Latinos. This report helps dispel the fog of ignorance surrounding the fact that not only our future, but our present as well, depends upon Latino economic contributions to make America thrive,” said JEC Vice-Chair U. S. Rep. Carolyn Maloney (D-Greenpoint, Eastern Manhattan, Queens).

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