Inaugural LatinX Innovation Hub Launches at the SXSW Interactive & Music Festival This March

Rhea-AI Summary

My Money My Future and Black & Brown Founders will co-host the inaugural LatinX Innovation Hub at the SXSW Interactive & Music Festival in March 2023, sponsored by Wells Fargo. This initiative aims to support Latino entrepreneurship, which contributed over $800 billion in economic activity in the U.S. in 2022. The event will feature discussions on entrepreneurship, wealth gap closure, and diversity, equity, and inclusion (DEI). Additionally, it includes networking opportunities and an evening celebration with a live performance. The Nasdaq Foundation is also involved, committed to enhancing investor engagement in underrepresented communities.

AUSTIN, TX / ACCESSWIRE / March 3, 2023 / My Money My Future, a leading fintech for financial inclusion and Black & Brown Founders, an entrepreneurship focused non-profit, will co-host the first ever LatinX Innovation Hub at the SXSW Interactive & Music Festival this March. A program of the THRIVE campaign, in partnership with the Nasdaq Foundation, the inaugural LatinX Innovation Hub will be sponsored by Wells Fargo.

According to the 2022 State of Latino Entrepreneurship report from Stanford Graduate School of Business, Latino-owned businesses outpaced revenue and growth rates of all businesses in 2022.

"Latino and Latina-owned businesses are already contributing more than $800 billion in economic activity, and many are ready to scale their small business, creating more jobs and community wealth," said Jenny Flores, head of Small Business Growth Philanthropy at Wells Fargo. "We're excited to support the inaugural LatinX Innovation Hub to bring more awareness, additional resources and key connections to entrepreneurs so we can help empower them to reach their full potential."

"The Nasdaq Foundation has committed to supporting efforts aimed at reimagining investor engagement, particularly in under-represented communities. We believe that the LatinX Innovation Hub is a perfect example of how we can extend the THRIVE campaign to deliver innovative and engaging financial knowledge while advancing efforts to create a more inclusive investor community," says Jailan Griffiths, Nasdaq's Global Head of Purpose and President of the Nasdaq Foundation.

The Hub will host a full day of fireside chats, panel discussions, and networking opportunities focused on entrepreneurship, closing the wealth gap, DEI, and innovation. The Hub is organized in collaboration with the Inclusion Plus Institute and CryptoConexión.

"Building intergenerational wealth is more than just a financial education course, it's about knowing how to make your money work for you, and for many, that starts with entrepreneurship and investing in our communities," says Ramona Ortega, founder of My Money My Future, who was recently featured in HBO's Gaming Wall Street.

The Hub will also host an evening celebration featuring a live performance from LatinX pop diva San Cha, whose music was featured in the Showtime series Vida and Austin's own Tequila Rock Revolution.

"We believe that business creation is one way to create ownership stake in this country. That is why it is important that our corporate partners and anchor institutions shows a commitment to support Latino entrepreneurship," said Deldelp Medina, Executive Director of Black & Brown Founders.

To learn more about the initiative: www.thrivecampaign.org

Inaugural LatinX Innovation Hub launches at the SXSW Interactive & Music Festival

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Contact Info:
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SOURCE: Wells Fargo

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FAQ

What is the LatinX Innovation Hub co-hosted by WFC?

The LatinX Innovation Hub is an initiative co-hosted by My Money My Future and Black & Brown Founders, focusing on supporting Latino entrepreneurship, economic growth, and community wealth creation.

When is the LatinX Innovation Hub taking place?

The LatinX Innovation Hub is set to take place during the SXSW Interactive & Music Festival in March 2023.

What role does Wells Fargo (WFC) play in the LatinX Innovation Hub?

Wells Fargo is a sponsor of the LatinX Innovation Hub, supporting resources and connections for Latino entrepreneurs.

What economic impact do Latino-owned businesses have?

Latino-owned businesses contributed over $800 billion in economic activity in the U.S. during 2022.

How does the Nasdaq Foundation support the LatinX Innovation Hub?

The Nasdaq Foundation supports the LatinX Innovation Hub by enhancing investor engagement initiatives aimed at underrepresented communities.