COLORADO SPRINGS, Colo.(KRDO)--The United States Hispanic Chamber is recognizing the Colorado Springs Hispanic Chamber of Commerce for launching its very first Hispanic accelerator program. The program is in response to the skyrocketing number of Hispanic-owned businesses in the region.
The new program is called Avanzar, which means to advance in Spanish, and its goal is to help Hispanic business owners start and maintain their businesses in the Pikes Peak Region. According to data from the Hispanic Chamber of Commerce, there are now more than 6,000 Latino-owned businesses in the Pikes Peak Region. That includes El Paso and a portion of Teller County.
"And the expectation is that we will be at 9,000 by the end of 2023 with Hispanic-owned businesses in the Pikes Peak Region," said Chris Long, Chairman Of The Board for the Hispanic Chamber of Commerce In Colorado Springs.
Avanzar is a continuous three-month-long program that teaches Latino business owners how to build, execute, and sustain the business of their dreams.
"We are seeing more the growth in the Hispanic population. That's been larger, and in fact, we are expected to be I think its 40 percent Hispanic population in the Pikes Peak area by 2050," said Long.
Currently, Long said the average age for a Hispanic business owner in Colorado is 26 years old. That's compared to 42 years old for non-Hispanic or Whites. This is why, Long said he believes resources like this are incredibly vital for minorities in the Pikes Peak Community.
For more information on the Avanzar program, you can visit their official website.