UCCU: Hispanic Business Boom

UCCU: Hispanic Business Boom

Hispanics are the biggest and fastest growing ethnic group in Utah – now comprising 13% of Utah’s population. And with this growth, they are fueling Utah’s economy. More than 9,300 Hispanic businesses now generate $1.32 billion in revenue within the state.

Sara Parker, from Utah Central Credit Union explains some of the resources available to help Hispanic businesses.

The typical Hispanic business is Utah is small – the same pattern that has defined how all groups in America have prospered and created jobs in this country for more than century.

A prime example of Utah Hispanic business strength is Solorio’s Kitchen & Bath in West Valley, started in 2009 by Alfredo and Irasema Solorio. Alfredo worked as craftsman for 12 years before starting this family-owned business. He makes hand-crafted wood items for residential kitchens, baths, and home entertainment centers as well as products for commercial clients.

One thing that sets Solorio’s Kitchen and Bath apart from other companies is their custom wood work and the unique way they stain and glaze wood for a lasting finish.

Utah Central helped them open checking and savings accounts. Irasema said one of her favorite financial tools at Utah Central is e-teller, where she can easily check what’s in their accounts, see what’s been charged and how much they have in their balance.

While both are fluent English speakers, Utah Central makes it convenient for those whose first language is Spanish. All of Utah Central’s promotional materials are available in English and Spanish as is the web site and Utah Central has Spanish speaking staff in most branch offices. We want our Hispanic neighbors and members to feel welcome and comfortable working with Utah Central.

Learn more about Solorio’s Kitchen and Bath or the Hispanic services available at Utah Central by going to www.utahcentral.com.

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