Puget Sound Latino Chamber Of Commerce

The Puget Sound Latino Chamber of Commerce (PSLCC) is a 501(c) (6), non-profit corporation supporting and facilitating the economic development of today’s rapidly growing and highly diversified Latino business community. The Latino community is the quickest growing ethnic community in the United States (second largest population) with a population over 52 million and is expected to triple before the year 2050. According to the U.S. Census Bureau and/or CIA Fact Book, the U.S. Latino population:
► Has a disposable income exceeding $1.4 trillion which should exceed $1.4 trillion by 2013
► Accounts for over half the U.S. population growth with greater growth than all non-Latino
communities combined between 2000 and 2011
► Would be, based on its buying power, one of the top twenty economies in the world
►Grew at a faster rate than other households earning $50,000 or more despite the recession
►Is expected to grow 167% from 2010 to 2050 versus 42% for the total population
►Is the primary feeder of workforce growth
►Has a median age of 28 compared with the total market median age of 37, AND,
►Leads higher-education sector enrollment growth among all racial groups over the last five years

Washington State is keeping with national trends in the growth of the Latino community and in many instances outpacing larger states. Washington State is:
►One of 16 states with at least half-million Latino residents
►One of 20 states with Latinos as the largest ethnic community
►Has a Latino population of almost 700,000 (11.2% of state total)
►Experiencing unprecedented increases in Latino buying power - 788.1% compared to 265.9% for non-Latinos between 1990 and 2030.

The current economic situation, demographic factors, and economic globalization in particular, are rapidly changing how business is done, including employer hiring practices, “standard” operating procedures and, the physical workplace. The depth of job losses, lingering weakness in the economy, maturing baby boomers and a progressive Latino community are prompting people to embrace previously unimaginable ideas such as entrepreneurialism both in the United States and abroad. PSLCC will facilitate the Latino community as they tackle this new challenging economy, evolving business practices, and advancing technology. Through our network of businesses, professional associations, and partners, PSLCC supports a business milieu encouraging sustainable employment and civic development, promoting local and global business growth, facilitating progressive education options, and encouraging advanced and unconventional technology development.

PSLCC will also have its stamp of approval on all things STEM related principals are used to ensure progressive Latino entrepreneurial, educational, and civic participation and advancement now and in the future. Schools and businesses across the United States of America are fostering an on-going relationship with businesses and municipalities developing strategies to incorporate the needs and desires of the Latino consumer and those organizations targeting the largest and quickest growing community in the United States.