Community
Latino Economic Power in Long Beach: A Summit for Action
Latino economic power will be the agenda for the first summit on the subject in Long Beach on November 13, 2018. A wide range of leaders from education, government, nonprofits, as well as neighborhood leaders will gather at the Long Beach Convention Center to, as the organizers describe, “shift the community’s focus from disparities to possibilities.” The summit on Latino economic power is scheduled to run from 9 am-1 pm and will focus on the first Economic Impact profile report for the city’s Latino Community. The organizers are committed to exploring potential strategies, programs, and policies that are built on latino economic power. The summit comes on the heels of the release of a Latino community Economic Profile earlier this year.
PalacioMagazine.com sat down with one of the Summit’s principal organizers, Jessica Quintana, Executive Director of Centro CHA, to discuss the event. Ms. Quintana has been working on the issue of the Latino economic power for some time.
For more information or to RSVP, contact adriana@centrocha.org or call 562-612-4180
Latino Economic Power: Excerpts from a Profile Report
The Latino community in Long Beach numbers over 209,000 accounting for 44.5% of the city’s population.
According to the profile report, Latinos account for 48.5% of Los Angeles County’s population, 38.9% of California’ s population, and 17.8% of the nation’s population. 83.6% of Long Beach Latinos are of Mexican heritage with 12.4% are from Central American or South American countries.
60% of Long Beach Latinos aged 25 and over have at least a high school diploma or equivalent, as compared to 91% of all other Long Beach residents in that age group.
The Long Beach Latino community has a regional labor participation rate of 42% of the city’s working population aged 16 and over. The Latino share of Long Beach’s working population has grown by 18.8% over the last decade. In Long Beach, the labor force participation rate among Long Beach Latinos is 69.3% compared to 65.2% among all other working-age Long Beach residents.
There are 61,428 Latino households in Long Beach, accounting for 37% of all Long Beach households. The Economic profile report goes on to point out the median annual income of Latino households in Long Beach at $52,000, which is 13.3% lower than the overall median of $60,000. The median income of all other households in Long Beach is $66,000, which is 27% greater than for Latino households.
*Graphs are excerpted from the Economic Profile report. Thanks to Centro CHA
