The Renaissance of the U.S. Hispanic Consumer

The Renaissance of the U.S. Hispanic Consumer

HL | CULTURE & INFLUENCE

The Renaissance of the U.S. Hispanic Consumer

For decades, America learned to measure the Hispanic market by what it consumed. The next chapter may increasingly be measured by what it owns.

Photos and article by
Richard Sandoval

here is no shortage of uncertainty surrounding the American consumer.

The cost of groceries, housing, energy and everyday necessities continues to influence decisions around kitchen tables and inside businesses across the country.

Yet amid that uncertainty, something interesting is happening.

For years, reports have documented the growing purchasing power and economic contributions of U.S. Latinos. The 2026 U.S. Latino GDP Report estimates that Latinos generated $4.4 trillion in U.S. economic output in 2024.

That is an impressive number.

But numbers alone don’t tell the story.

What Do We Value?

Consider a painting created more than eight decades ago.

In 1940, Mexican artist Frida Kahlo painted El sueño (La cama)The Dream (The Bed).

When the painting sold through Sotheby’s in 1980, it brought $51,000.

In November 2025, the same painting returned to auction and sold for $54.66 million, establishing a record for Kahlo and Latin American art.

Think about 1980 for a moment.

Someone might have purchased a home for $50,000. An entrepreneur might have been growing a business worth little more than an idea, some equipment and a willingness to work.

Few could have imagined what some of those assets might eventually become.

A Kahlo masterpiece certainly shouldn’t be reduced to an investment calculation. Its cultural importance extends far beyond its auction price.

But its journey raises an interesting question:

How do we recognize value?

A home can have value.

A business can have value.

Art, ideas, brands, real estate and intellectual property can have value.

Ownership allows people to participate when that value grows.

Frida Kahlo | El Sueño (La Cama)The Dream (The Bed), 1940

Oil on canvas. Kahlo’s deeply personal work sold for $51,000 in 1980. In November 2025, it returned to auction at Sotheby’s New York and sold for $54.66 million — a remarkable journey in cultural and economic value that inspired a central question in our story: How do we recognize value?

Artwork image: WikiArt | Public domain

From Consumer to Owner

That brings us to two recent developments in Major League Baseball.

In August 2026, MLB owners unanimously approved the transfer of control of the San Diego Padres to an ownership group led by investors Kwanza Jones and José E. Feliciano. The transaction has been widely reported at a $3.9 billion valuation.

Feliciano, who was born in Puerto Rico, is co-founder and managing partner of Clearlake Capital Group. He and Jones, an investor, entrepreneur and executive, jointly lead the Padres ownership group.

Then came news involving a businessman Hispanic Lifestyle has followed for more than two decades: Arte Moreno.

Moreno purchased the Angels from The Walt Disney Company in 2003 for approximately $184 million, becoming Major League Baseball’s first Latino controlling owner.

In September 2026, an agreement was announced to sell the Angels to Kroenke Sports & Entertainment. Published reports have valued the transaction at approximately $4 billion, although financial terms were not officially disclosed.

For us, the Moreno story carries a little history.

Hispanic Lifestyle was among the Hispanic media outlets that interviewed Moreno shortly after he became owner of the Angels. I remember meeting him at a Latino Business Association event.

My impression was that he wasn’t particularly comfortable with the spotlight.

What was unmistakable was the significance of the entrepreneur standing before us.

He was a businessman.
An owner.
A trailblazer.

More than two decades later, that distinction seems even more important.

More Than Purchasing Power

Moreno, Feliciano and Jones aren’t isolated examples.

Puerto Rico-born Orlando Bravo, founder of Thoma Bravo, has become one of the most prominent Latino investors in private equity and technology.

These are extraordinary individuals operating at extraordinary financial levels. Their experiences don’t represent the typical Hispanic household.

But they encourage us to ask different questions.

For decades, businesses have wanted to know:

How many Latinos are there?
What do they buy?
How much do they spend?

Perhaps the next set of questions should include:

What are we building?
What are we investing in?
What do we own?
What will we eventually pass forward?

 

A Changing Economic Story

We can see pieces of that progression throughout our community.

Business owners are growing companies. Professionals are advancing in their careers. Families are buying homes. Entrepreneurs are investing. Executives are accumulating assets. Some are preparing businesses and property to eventually pass to the next generation.

The scale may be dramatically different from a $54 million painting or a multibillion-dollar baseball franchise.

The underlying idea is much more familiar.

Build something. Own something. Increase its value. Carry something forward.

There are still significant disparities in household wealth, homeownership and access to capital. A growing Latino economy does not mean every Latino family is prospering.

A Renaissance isn’t a declaration that the work is finished.

It is recognition that something is changing.

What Comes Next

This is a story we intend to continue exploring.

Over the coming months, HL Media Network, through HispanicLifestyle.com and HL | Culture & Influence, will talk with business owners, professionals, executives, investors, financial experts and families.

We want to better understand homeownership, entrepreneurship, investment, business succession and the transfer of assets and knowledge between generations.

We will ask questions.
We will listen.
We will discover, document and share what we learn.

For decades, America learned to measure the Hispanic market by what it consumed.

Perhaps the more interesting question now is: What will it own?

Welcome to The Renaissance of the U.S. Hispanic Consumer.

The Numbers Behind the Renaissance

2026 U.S. Latino GDP Report
Research measuring the economic output and growth of the U.S. Latino economy.

State of Latino Entrepreneurship
Stanford research examining Latino-owned businesses, entrepreneurship, business growth and access to capital.

Survey of Consumer Finances
Federal Reserve research providing context about household assets, liabilities and wealth.

Latino Wealth Research
Research examining household wealth, economic mobility and barriers to asset building.

EDITOR NOTES 

For more than 30 years, our work has centered on discovering, documenting and sharing the stories of Latino business owners, professionals, executives, entrepreneurs and community leaders.

That work began with Hispanic Lifestyle and continues today across the platforms of HL Media Network.

The reports referenced in this article help us understand the scale of the economic changes taking place. But there is something the numbers don’t always tell us:

Who are the people behind them?

That’s what interests us.

There are thousands of business owners, professionals, executives, investors and families whose individual stories rarely appear in economic reports.

Over the coming months, we intend to find some of them.

We will travel, attend conferences, have conversations and ask questions particularly the questions people may not know they need to ask.

The numbers can help us recognize that something significant is happening.

The people will help us understand what it means.

 

Expanding Financial Access in Underinvested Communities

Expanding Financial Access in Underinvested Communities

Expanding Financial Access in Underinvested Communities

How a $75 million federal investment is driving education, healthcare, and long-term economic mobility

Access to capital remains one of the most powerful drivers of long-term wealth creation and economic stability. This month, City First Bank announced it has been awarded a $75 million New Markets Tax Credit (NMTC) allocation from the Community Development Financial Institutions Fund (CDFI Fund)—a significant infusion of federal investment aimed at accelerating economic growth in underinvested communities across the United States.

The New Markets Tax Credit program is designed to channel private capital into projects that traditional financing often overlooks. For City First Bank, the latest allocation builds on a proven track record. Since the program’s inception, the bank has deployed $548 million in NMTC financing, supporting 54 projects focused primarily on education and healthcare infrastructure—two sectors closely tied to upward economic mobility and long-term community wealth.

“This allocation is catalytic,” said Brian Argrett, President and CEO of City First Bank. “It enables us to partner with mission-driven organizations and deliver capital where it can create durable, generational impact.”

Capital as a Tool for Economic Mobility

From a finance and wealth perspective, NMTC allocations represent more than community investment—they are a strategic mechanism for reducing systemic capital gaps. By supporting schools, healthcare facilities, and nonprofit institutions in low-income areas, these investments help stabilize neighborhoods, attract additional private funding, and expand access to essential services that underpin workforce participation and small business growth.
City First Bank’s approach reflects a growing shift within values-driven banking: deploying structured capital to unlock long-term economic returns that extend beyond quarterly profit metrics.

Strengthening Governance and Oversight

As part of its continued expansion, City First Bank also announced new appointments to its NMTC Advisory Council, reinforcing its commitment to disciplined investment and community-centered strategy:

  • Desmond Marshall, a Chicago-based community development leader with extensive experience scaling mission-driven organizations
  • Dr. Marla Dean, a Washington, D.C.–based nonprofit strategist with deep expertise in education and next-generation economic mobility models

Their additions bring increased oversight and sector-specific insight at a time when demand for impact-focused capital continues to rise.

The Bigger Picture for Finance and Wealth

For financial institutions, investors, and policymakers, the latest NMTC allocation highlights how federal tools—when paired with experienced community lenders—can serve as catalysts for inclusive growth. As conversations around equitable finance and access to capital evolve, programs like NMTC remain central to expanding opportunity in communities historically left outside traditional banking systems.

About City First Bank

City First Bank provides commercial lending, financial services, and deposit products that support affordable housing, small businesses, and nonprofit community facilities in underinvested neighborhoods. The bank is a Community Development Financial Institution (CDFI), a Certified B Corporation, and a member of the Global Alliance for Banking on Values.
Member FDIC | Equal Housing Lender

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Riverside Coworking

Riverside Coworking

Riverside Coworking

Where Business, Wellness, and Community Thrive in Fort Worth

Fort Worth, Texas — In the Riverside neighborhood of Fort Worth, a new resource is taking shape to empower entrepreneurs and families alike. Riverside Coworking, a social enterprise under the Center for Transforming Lives, combines coworking space, maker studios, health services, childcare, and support programs all aimed at helping single mothers and small business owners flourish.

“We want to be the place for all entrepreneurs,” Jackson explains. “Instead of going to multiple locations around Tarrant County, here everything is housed under one roof  and the costs are designed to be affordable.”

Rhea Jackson

Coworking Manager, Riverside Coworking

A Hub for Business Innovation & Collaboration

Riverside Coworking offers:

  • Meeting rooms that serve groups from 2 to 50
  • Open desk areas and dedicated desk spaces
  • A commercial kitchen with 24/7 access
  • A teaching kitchen for demonstrations and cooking classes
  • A maker space equipped with tools for small-scale production and marketing
  • Media studios (video and podcast/sound) for content creation

Health & Wellness Integrated On Site

One of the most distinctive features of Riverside Coworking is its integration with the Center for Transforming Lives’ Mobile Health Partners program. According to their website, this program brings essential health services directly to the Riverside campus. (transforminglives.org)

Here’s how health services are woven into the mission:

  • The Center for Transforming Lives partners with mobile health providers to make prenatal, pediatric, and women’s wellness care accessible to families.These health services are co-located with other programs so parents, especially single mothers, can address their healthcare needs without extra travel or scheduling burdens.
  • This integration supports the Center’s holistic, trauma-informed, two-generational model: caring for both mothers and children simultaneously.

By combining wellness and business support, Riverside Coworking reduces one of the major barriers many families face: fragmented access to services.

Community Support, Economic Mobility & More

The Center for Transforming Lives (formerly the YWCA) has a longstanding presence in Fort Worth and Tarrant County. Its mission and services include:

  • Early Childhood Education through Head Start and Early Head Start programs (serving children ages 0–5)
  • Economic Mobility programs: financial literacy, one-on-one coaching, career readiness, and small business development
  • Homeless and Housing Services, offering rapid re-housing and long-term leasing support
  • Clinical Counseling Services, which serve women and children with trauma-informed mental health care

These services align closely with Riverside Coworking’s mission. Many of the small business participants are single mothers seeking to build a second income to support their families. The center creates a fertile environment for growth by combining workspace, resources, and wraparound support.

Encouraging Ecosystem for Entrepreneurs

Jackson emphasizes that Riverside Coworking is more than just desks and kitchens. It’s a community, a place where:

  • Entrepreneurs can collaborate and cross-pollinate ideas
  • Small business owners access tools and services that might otherwise be out of reach
  • Families receive support on multiple fronts from childcare to health to business development

“We’ve seen powerful connections happen here,” Jackson says. “This space gives people a platform, whether they’re working at a desk, cooking in the commercial kitchen, or recording in the studio  to grow together.”

 

Visit Riverside Coworking

The Riverside campus is located at: 3001 S. Riverside Drive, Fort Worth, Texas 76119
https://riversidecoworking.org

“This isn’t just about coworking,” Jackson reflects. “It’s about creating a space where business, health, and community intersect — where people are supported in every part of their journey.”

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