The Hispanic Wealth Project™(HWP) in partnership with the National Association of Hispanic Real Estate Professionals® (NAHREP®) released the 2017 Hispanic Wealth Project Annual Report at the annual HWP Symposium in La Jolla, CA. The report addresses the progress of the HWP Blueprint, a plan to triple Hispanic household wealth by 2024. The HWP Annual Report details enhanced objectives as the project has matured from concept to application with a more clearly defined strategy and refined component goals:
- Increase home equity wealth by achieving a Hispanic homeownership rate of 50 percent or greater
- Increase the wealth generated from small businesses by boosting the number of Hispanic-owned businesses with $10 million or more in annual revenue
- Increase the wealth created from savings and investments by achieving broad adoption of the NAHREP 10 Disciplines
The report noted accomplishments in existing corporate commitments including an increase in the number of Hispanics within the real estate and mortgage banking industry by Wells Fargo. It also recognized how Hispanic small businesses have accelerated overall economic growth and stimulated job creation at a faster pace than other business segments, and highlighted new commitments from New American Funding to mentor Hispanic Small Business owners to scale their businesses. Additionally, the report showed the need for policy changes and increased corporate engagement. To download a copy of the 2017 HWP Annual Report, please visit http://www.hispanicwealthproject.org/report.