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Expo Shows off Hispanic businesses
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By PAM DAWKINS, Connecticut Post (pdawkins@ctpost.com)

Bridgeport 's annual Hispanic Business Expo keeps getting bigger.
This year, its fifth, approximately 65 exhibitors will be at the University of Bridgeport 's Wheeler Recreation Center from 3 to 7 p.m. Wednesday, ready to showcase their businesses. The free expo includes food from Taco Loco - also free - as well as several seminars addressing subjects such as how to open a business and how to keep its books.

"The Hispanic population has grown tremendously, and a lot more Hispanics are starting up their own businesses, said Millie Maldonado, president of the Hispanic Merchants Association of Bridgeport and owner of Stylistics Hair Salon in Bridgeport . The HMA organized the expo "so everybody knows who everybody is, said Maldonado. In addition to attracting more exhibitors, Maldonado and the HMA also hired a professional to organize the event.

Vincencia Adusei, president of VASE Management LLC, has, for example, placed banners advertising the event on some city buses. The city's Hispanic population has ventured into every business avenue, thanks in part to a growth in the number of Hispanics working in banks, Maldonado said. "We have a lot more advisers out there I think it's a lot easier now for the Hispanics to get into their own business, said Maldonado, who started her hair salon in 1980.
HMA has attracted a variety of sponsors for this event. Mel Riley, area manager of an 11-restaurant Burger King franchise, said his company is sponsoring the expo again because Bridgeport has a large Hispanic population, and he want to meet that demographics' needs. Bridgeport-based People's Bank also has its eye on the growing Hispanic population. "The national Hispanic market is growing and Connecticut is following suit, said Barbara Johnson, a senior vice president. The bank is a corporate sponsor of the expo and will have staff on hand to talk about its various products and take part in a seminar about lending to small businesses.
"They have really planned a great event this year, said Johnson.

Ed Rodriguez, an HMA member and the executive vice president of the management consulting company Sandoval Associates, said he wants expo visitors - individuals and companies - to see the quality and competitive pricing of the Hispanic merchants' goods. Both Maldonado and Rodriguez said the vision of a bodega as emblematic of Hispanic business ownership is out of date. "It's so hard to bring a new vision of what it's all about, said Rodriguez. "We're also attorneys. We're also accountants. We're also general managers Rodriguez also sees the expo as a chance for Hispanic entrepreneurs to create new alliances. One of the biggest problems for any minority business owner, he said, is getting access to capital and decision-makers. "It's who knows me and what I do, he said. "That is one of the key issues for minority business enterprises.

"I'd like to see a lot more people walking out with a different idea in their minds, about starting their own business, said Maldonado. The Hispanic Business Expo takes place Wednesday from 3 to 7 p.m. at the University of Bridgeport, Wheeler Recreation Center, 400 University Ave. Call 332-7366.

Pam Dawkins, YourMoney editor, can be reached at 330-6351 or by e-mail at
pdawkins@ctpost.com

VASE Management LLC
360 Fairfield Avenue, 2nd Floor
Bridgeport , CT 06604
Phone: 203-332-7366
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