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Over the past year, nearly half (47%) have transitioned to a digital first operation.

More than one-third (41%) of respondents have implemented new technology to solve for worker shortage.

Nearly three out of four (74%) Hispanic small businesses have leveraged digital tools and technologies to make money over the past three years.

Polling five hundred Hispanic small business owners across the country, the research highlights the adoption of technology, desire for advice and assistance, and economic outlook of Hispanic small business owners.Īdditionally, the study looked at differences among gender, industry, as well as those businesses who conduct business primarily in English versus those conducting via a combination of English and Spanish. Highlighting the priorities, opportunities, successes and challenges that Hispanic small businesses face, Verizon Business also released the findings of its latest study, Verizon Business’ Hispanic Small Business Report, conducted by Morning Consult. “Between the direct partnership with our customer-facing teams of digital experts in their community, the grants for these deserving businesses, and the access to information and mentorship we provide online through our Digital Ready program, we are thrilled to support their continued growth.” “Hispanic small business owners are continuously reinventing themselves through technology and the data from our study proves this,” said Aparna Khurjekar, Chief Revenue Officer, Business Markets & SaaS at Verizon Business.

“Utilizing the platform and Digital Ready tools that Verizon offers allowed me to improve on both my marketing and financial management skills as well as accomplish my business goals during the heart of the pandemic.” But having access to the grant from Verizon opened a new world of possibilities,” said Mia Thorn, co-founder of Cruz Kitchen & Taps, one of the grantee recipients.

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“Working full time as an oncology nurse, I was not sure I’d be able to fully bring my dream to life of also opening and operating my own restaurant.

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Through Verizon Small Business Digital Ready, a free online resource focused on helping small businesses achieve success in today’s digital economy, and in partnership with Next Street and Local Initiatives Support Corporation (LISC), these grants will allow businesses to invest in upgrading their technology, advancing their marketing, or supporting operational costs such as employee wages, rent, and more. The Hispanic small business grant recipients include entrepreneurs from cities such as Boston, Chicago, Houston, Philadelphia, and San Diego. NEW YORK, Ap(GLOBE NEWSWIRE) - In celebration of National Small Business Week and Verizon Small Business Days, the company today announced the recipients of twenty five $10,000 grants totaling $250,000 to Hispanic small business owners across the country. Verizon Small Business Study finds a significant gap between Hispanic small business owners’ desire for private loans and grants, and the owners that have been able to apply New Study of Hispanic Small Business Owners Shows a Push to Digital in Wake of Labor Shortages

Verizon Small Business Days Kick Off April 27, Featuring Tech Check Up and Promotions