>> buenos d^as y bienvenidos. good morning, and welcome once again to "tiempo." i'm joe torres. today -- today, we focus on business and leadership, how often the two go together. the national urban fellows graduate degree program has been instrumental for so many latinos. it introduces them to numerous public-service leadership positions among other things. we'll tell you more about this beneficial program a little later in the show. also, today, we highlight a non-profit lender to small businesses in our area. it has launched a million for main street, a program designed to make it easier for people in low-income communities to start and grow their own business. that's coming up later, as well. ahora, right now, a summit

hispanic entrepreneurs and business leaders. it just wrapped up in manhattan. here to let us know what they learned, jerry arzu and danielle beyer, business leaders and members of the new america alliance, the organizing force behind the event. congratulations, because this was the 15th year. am i -- do i have it right? >> that's correct. >> way to go. so, you've been doing it a while. the whole purpose, the mission of this summit, is what? >> to bring together corporate interests, public interests, public pension funds, investors. >> with the hopes that? >> that we will be able to get emerging latino businesses funded... >> mm-hmm. >> ...that investors will have an opportunity to get access to those -- to those assets. >> so, danielle, are these businesses from just new york state or just wall street or throughout... the country? >> they're throughout the country -- throughout the country, managed by latinos. >> mm-hmm. >> another big part of the summit is highlighting the triumphs of latino business leaders... >> okay.

successful we've been and all the space there is to grow, as well. >> why do you need to do that? >> because there so many young latinos out there who cannot be what they cannot see, and we like to remind them that there is an opportunity out there, and we also like to connect current latino business leaders to each other to help them continue to grow their businesses. >> but do you find that you constantly need to remind, say, politicians about latinos and the successes of latinos so that they will continue to put their faith and their efforts behind what latino business owners are trying to do? >> we often do. we're actually very fortunate in the city of new york. at this particular summit, we got support from new york city comptroller scott stringer... >> yeah. >> ...assemblyman blake, assemblyman rodriguez from harlem. so, we're very fortunate in new york city, but throughout the country, you often have to remind... >> yes. >> ...members of the -- >> is it also an opportunity, danielle, to make a sales pitch perhaps to politicians if there's legislation or proposals

that would be beneficial to entrepreneurs, latinos in general? >> there's definitely the opportunity to connect with them. >> yeah. >> you know, the -- a big part of the summit is more around education... >> sure. >> ...than sales. >> mm-hmm. >> but there is definitely the opportunity to connect with politicians. >> you had some special guests this year at the summit? >> we did. we had -- >> such as? >> we had members from -- representing texas teachers, calpers -- california public employees' retirement system, california state teachers employee retirement system, the new york city bureau of asset management. >> mm-hmm. >> all public pension funds. >> wow. did you learn anything, either one of you, from this summit, that you walked out of it and said, "wow. that's something i didn't know before this summit started"? >> yes, i learned a lot, and i -- every year, that is the case. one of the things is just learning how much -- i think one of the statistics that was most impressive to me much latino businesses manage in the kind of investment management space, which is, i think, about 30 billion now. it's very, very meaningful. >> did you find that eye-opening in one way or shape or form?

>> eye-opening, yes, because it's impressive, but there's also a lot of room for growth, and i would say the other thing that i learned is there's a lot we can do mentor younger generations of latinos who are maybe just starting their careers or trying to figure out what they want to do. >> you're providing me a nice segue because that's where i wanted to go next. to the people who did not attend the event, what -- what are the benefits and who may be watching who may want to say, you know, "i want to be there next year. i don't want to just learn about the summit. i want to be involved in the summit." where do we point them? >> the first thing to do is actually go on naaonline.org. >> right. >> you can do a little diligence on the n.a.a. you should attend any opportunity that you have, and we don't just do things here in new york. we do things across the country. the summit happens to be in new york on a consistent basis. >> yeah, it's in your best interest... >> absolutely. >> ...to look at that. all right, sit tight. a few more questions for you guys. when we come back, more on the new america alliance's 15th annual wall street summit. still ahead on "tiempo," a lender to small businesses in

a million for main street. what is that? lenders design the program to make it easier for people in low-income communities to start and grow a business. also, the national urban fellows graduate program now open. the program instrumental for so many latinos.

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could get a $300 reward card. call for more, now. >> welcome back to "tiempo." we've been talking this morning about the new america alliance's 15th annual wall street summit. it just wrapped up -- three-day event, prominent latino leaders in attendance. jerry arzu, danielle beyer, business leaders and members of the new america alliance, which organized the summit. in particular, i see that the summit helps out the younger latino generation. in what ways? >> sure. well, the biggest way is providing access to successful business leaders, people who've been there, done that, not

necessarily just in financial services but across a number of sectors. so, in terms of having access to someone who already did what you're hoping to achieve. it's tremendous. >> what are some of the questions if you were the young business leader who wanted to pick the brains of someone who's established... >> sure, so -- >> ...that they want to know? >> one of the questions generally is, you know, i just finished my undergrad. where should i focus? do i get experience first? do i go straight to grad school? >> mm-hmm. >> what is -- if i accept this role that i'm being offered, is that a launching pad for this other role that i'm really looking to get in the next five years or so? so, those are typical questions. >> danielle, go ahead. i see you nodding your head. >> yes, i was just going to add that even earlier than that, if you don't know what you want to do in a few years, you can speak to successful latinos in all kinds of industries... >> mm-hmm. >> ...and find your own niche, as well. >> do you guys have any examples that come to mind -- i mean, i don't know how many years you've been involved in the summit, but if it's going on 15 years -- of

people who attended it two, three, five years ago who come up to you or you've talked to who said, "listen, i was here back in '98, 2005, 2007, and what they told me, i took it and ran with it." >> i can tell you that that's my personal story. i got involved with n.a.a. about three years ago. a friend, maria castro, who we actually have in common, invited me to the first summit, to the reception. >> mm-hmm. >> i joined, i liked what i saw, i got access to a number of people who had very positive things to say, and as a direct result, it's actually helped my position where i work now and the expansion. >> wow, so, you -- you were the mentee, and maybe now you are the mentor for so many others. n.a.a. believes latinos should play a role in managing money and investing that money back into the hispanic community. tell me the importance of that. i think it's fabulous. >> sure. i think that if you don't give back to your community, essentially, those resources disappear, or they dwindle, right, and so it's very important to reinvest in latino

businesses if you can. but always looking for that option, i think, is very important. >> give me an example of a way of giving back. >> sure. so, actually henry cisneros, which is a co-founder -- a co-founder of the n.a.a., has cityview. one of the things that cityview does is, they build homes at affordable -- for affordable -- affordable housing across the country, so that's a perfect example of assets that are going from pension funds directly to -- to the homes. >> okay, we don't have much time left. i just want to be sure that if people are watching and they're hearing about this summit for the first time and you want to get involved next year, the place to go is the webpage, right? >> absolutely. >> summarize for me n.a.a., new america alliance. is what? is an organization that does what? either one. >> i think, really, that connects latino business leaders... >> yeah. >> ...and highlights their triumphs. >> yeah, networking. >> that is a big part of it and education, as well. >> someone once said to me --

and i think it's a great way to remember it -- if you don't network, you're not working. [ laughs ] you understand? >> absolutely. >> the importance of it because when i talk to young kids, one of the things i often tell them, it's not often who you know but who finds you worth knowing. and the only way to do, to put yourself out there, is through events such as this. have you seen it grow in the three years that you've been doing it? i mean, it's been going on for 15. i would assume each year, it's bigger and better. >> yes, it grows every year. you get new attendees, different attendees. i think the biggest change that i've seen is that there are more industries... >> mm-hmm. >> ...involved, so it's not just financial business leaders. it's people in entertainment and media and production and... >> and... >> ...lawyers and teachers and doctors. >> ...and i would argue there are more latinos, right, overall. >> yes. >> i mean, if we look at what's happening in this country, it's -- they're growing in numbers, and therefore, they're growing in terms of businesses and operations. are you seeing that growth? >> absolutely. we're seeing the growth and across the sectors, as well. >> mm-hmm. >> so, financial services is a big sector, but we're seeing it in media. we're seeing it in tech, et cetera. >> congratulations on doing what

you guys are doing, which is fabulous. networking is hugely important, >> thank you. >> coming up next on "tiempo," a program designed to make it easier for people in low-income communities to start their own business.

when we come back on "tiempo." not yet. not yet. not yet! not yet. pull the peach!

>> community capital new york, a non-profit lender to small businesses in the hudson valley, has launched a million for main street. it's a loan program. here to talk more about this great program, simone obermaier

from community capital new york and the program's first loan recipient mercedes nunez, owner of palisades cleaning service in rockland county. she's gonna tell us how this has helped her. this is fabulous. this is new. your creation or new york state? how did this program come to be? >> we worked together with new york state. so, new york state has the consolidated funding applications that gives grants to various economic development projects that are then divvied up by region -- economic region. >> okay. >> and so, we were selected as one of the winners of a grant in the mid-hudson region for a million dollars of loan capital. >> so -- so you literally have a million dollars that's ready to be doled out to good recipients like mercedes who needed to get correct? >> that's correct. >> what are the qualifications in a nutshell that you look for when someone applies or a business applies? >> so, we have a few minimum credit qualifiers that people >> mm-hmm. >> but we also, obviously, look at the personal story of our applicants, so we don't look just by the numbers. we try to really get to know the

applicants and see how we might be able to help. >> okay. mercedes, you found them, or they found you? >> i found them. >> you found them. how? >> i was researching online. i was not happy with my bank was offering me, and i called them, and i believe that simone was the first person that i spoke to. >> okay. >> and she sent me an e-mail with all the requirements, and... >> mm-hmm. >> ...we went from there. >> let's cut to the chase. you got a loan. how much? >> $65,000. >> okay, and that money allowed you to do what? >> do sales, marketing... advertising... >> mm-hmm. >> ...for, you know, for payrolls and... >> okay. >> ...cash flows. >> so, what have you been able to do with palisades cleaning service? and i'm looking at the pictures on the tv. >> i have doubled my sales this year. >> you've doubled your sales? >> yes, this year. >> wow. and you've only had the loan for how long? >> since january. >> mm-hmm. >> yes, we made initially a smaller loan. >> okay. >> and once the million for main street was approved, we were able to make a

much larger loan that really helped. >> safe to say that your business has gone to places it would not have been able to go... >> of course. >> ...had this not happened. >> yes. >> is that what you're looking for when applicants come to you in terms of, you know, potential of where we're gonna go. >> absolutely. so, we always look at, you know, how -- how can we help? >> mm-hmm. >> and how can we not only, obviously, recuperate our money since we are a lender but, also, what do you need in your business that we can provide? >> how does this -- she's a latina. are there many -- will this be beneficial to many latino business owners throughout the new york metropolitan area? >> absolutely. so, the -- our service footprint for this million for main street is the hudson valley. so, we start in westchester and rockland... >> yes. >> ...go all the way up to dutchess and ulster and over to sullivan county in that entire area. >> all righty, so, if we have a business owner right now watching in dutchess or sullivan county to westchester or rockland who wants to take advantage of this, the process is what? >> give us call or go to our website. you know, either -- >> and go from there. >> either way works and go from there.

be prepared to show you to speed up the process? >> what really is very helpful for us is a business plan? >> okay. >> but we know that a lot of people are afraid of putting one together business it seems like such a big deal, and there are organizations out who can help you with preparing this. that's always something we look for. but, again, you know, if you want to just come in with us and speak to us to see what the steps are and what do you need from us. >> i don't think having a business plan is too much to ask when you're looking to get some money to help you out, so... >> you wouldn't think so, but it's, you know... >> you know what? that's part of being a business owner. is it not? >> yes, it is. >> that you have to have a plan for the future, for sure. >> actually, i didn't have one, and when simone asked me that that's one of the requirements, i started working right away on my business plan. >> and did that alone help you? >> yes, it did because, you know, i didn't have that organization that i needed for my business to go forward. >> yeah, and suddenly, you're forced to do it. it's like a term paper, like a project that you have to do. from beginning to end, if all goes well, application process...

>> ...to issuing of a check... >> mm-hmm. >> how long? >> so, i would like to count the clock from when i have a complete set of paperwork because, honestly, that's something we can't control. so, once we have a complete set of documents, it takes us about two to three weeks for underwriting. we come out and meet at the site with our business owners, and then our loan committee makes the final decision, so to a closing, once we have complete documents, it's about four to six weeks. >> four to six weeks. and you're looking for applications. i mean, it's part of the reason why you're here on "tiempo." >> absolutely. >> you know, if you're a small-business owner out there, you are here to help them. >> yes. >> correct? that is just fabulous. loans can go in size from what to what? >> under the million of main street program, we go from $5,000 to $250,000. >> $5,000 to $250,000, depending on the need? >> exactly. >> okay, and does it apply to all businesses, or is there a cap in terms of how big your firm can be? we say small businesses. well, define small business for this purpose. >> small businesses for us, it kind of depends on the industry you're in.

>> mm-hmm. >> so, generally, i would say most of our businesses have up to 50 employees. >> okay. and very quickly, so that people have a clear understanding -- full disclosure -- terms of the loan are what? what kind of an interest rate are we talking? >> so, for our loans currently, we're talking about 8% to 9% in interest rates... >> okay. >> ...which is much cheaper than what any online lender currently will offer you. >> okay. >> if you're able to get a loan from a bank, definitely try your bank first. we're the alternative if your bank -- >> we've got 20 seconds left, mercedes. where is your business? >> it's in rockland county. >> rockland. what part? >> tomkins cove. >> tomkins cove, and you're a cleaning service. what do you clean? >> restaurants and stores, residential. and... states. we have jobs in chicago... boston... >> [ speaks spanish ] >> yeah. anywhere. >> congratulations. continued success, and way to go, and people can find you on the internet. look you guys up -- community capital for sure. oh, that's wonderful. thank you, guys, very much.

the national urban fellows graduate program accepting applicants ahora. we'll tell you more about this

>> the national urban fellows graduate degree program has been instrumental for introducing latinos to numerous public-service leadership positions that have made a huge impact in their lives and others. the deadline to apply for this program -- less than a month away. so, here to talk more about how it works, miguel garcia jr., president and c.e.o. of the national urban fellows program and esteban rodriguez, a scholarship recipient. thank you, both, for joining us. >> thank you. >> this program works how if you're a grad-- if you're already gone through your

looking to continue your education? >> absolutely, joe. we look for individuals who have completed their undergraduate degree, although 25% of our fellows already have a graduate degree. >> understood. >> so, the minimum requirement is a b.a. or a b.s. >> ideal applicant is? >> an ideal applicant is someone with an undergraduate degree, at least five years of professional experience either in the public or the private sector. >> and they're looking to advance their career in the business sector or in what fields? >> so, you know, the goal of our program has always been to develop public-service leaders, so this is an accelerated program to move your trajectory into public-service leadership. >> okay, esteban, you're a recipient. congratulations. >> thank you. >> so, the scholarship is helping you in this semester that you're in right now? >> yeah, i'm currently attending baruch college. >> okay, where'd you get your undergraduate degree? >> at university of illinois in chicago. >> okay, and now you're at baruch, okay, pursuing a master's in what? >> public administration.

>> go back home and work in local government. >> local government? >> yeah. >> local leaders -- is that what you're developing here? >> yes, absolutely. you know, our organization has a history of over 40 years in developing public-sector leaders in philanthropy and healthcare, local government, you know, currently in new york. several of lat-- of the latino leaders, the city council's speaker melissa mark-viverito, francisco moya, state assemblyman, first elected ecuadorian american to be elected to the legislature. >> former guest here on "tiempo." >> and, you know, as well as presidents of several hhc hospitals in new york city. >> we mentioned that the deadline is quickly approaching. >> the deadline is december 14th, joe, and so anyone that has any questions should just reach out to our website. >> okay, we've put it up on the screen for you. how difficult was the application process, esteban? >> it's definitely something that you need to think about it and work with it a couple of

>> you need help from different mentors, as well. >> essay? essay? >> yeah, several different essays. >> several different essays? >> yeah. >> oh, because they want to make sure that they're investing correct in the right person. >> absolutely. >> talk to me financially. what kind of scholarships are we talking about here? >> so, joe, the scholarship is worth over $70,000 to each recipient that is accepted as a national urban fellow. there is a small co-investment of $7,000, but at the end of the day, fellows receive $25,000 in a tax-free living stipend, health insurance, books, tuition, and moving and travel because the highlight of our program is to place a fellow with a public-sector leader somewhere around the country -- a mayor, a city manager, a president of a hospital, president of a foundation. so we'll pay the moving and travel for the fellow during that 14-month journey. >> what an opportunity. how many fellow -- how many a-- how many scholarships will you dole out in one given year?

next class 35 to 40. >> man, and have you been placed with a political leader? >> yes, so, i got placed here in new york city with >> okay. >> we're a criminal justice reform agency to cut the u.s. prison population in half. >> mm-hmm, and what have you learned in the short time that already? >> so, my mentor is glenn martin. he's definitely a leader within the -- in the field of criminal justice. >> okay. >> i have worked a lot with policy making, policy decision mak-- and reforms. >> mm-hmm. the -- the sense of satisfaction -- we'll wrap it up with this -- that you and the fellows must get at the organization for helping create and build young men like him? >> oh, absolutely, joe, and, you know, what's really important that esteban would not have been placed at just leadership usa without the support of a foundation, the andrus family funds... >> yeah. >> ...that contributed the $70,000 for esteban to have that opportunity. >> thank you for the program and highlighting it. continued success for you. for more information, you go to

nuf.org. that's the website, correct? >> that is correct. >> there you go. thank you, guys, very much. before we go, how about a look at "tiempo's" community calendar for this week. today in brooklyn, you can check out the second annual new york city pta expo. great opportunity for parents to network and learn ways of other ptas around the city, how schools. the event happening at the brooklyn expo center, located at 72 noble street, starts at noon, goes until 5:00. this coming friday in lower manhattan, previews begin for "la gloria: a latin caberet." the production will be the first major artistic collaboration between cuba and new york city's theater community since the u.s. and cuba renewed their diplomatic relations. that show begins at 8:00. you can head to 104 suffolk street. next saturday, also in lower manhattan, make time for the 12th annual [speaks spanish] new york city colombian music festival. six hours of back-to-back performance -- more than 50 musicians celebrating the rhythms and genres of colombian

[ speaking spanish ] le poisson rouge, located at 158 bleeker street. you want to -- don't miss that. much^simas gracias. we thank you for spending part of your sunday with us. if you missed any part of our show, don't worry. you can watch it at abc7ny on the web, your tablet, or even your smartphone. [ speaks spanish ] that wraps up another edition of "tiempo." i'm joe torres. thanks for watching, everyone. we will see you next time. [ speaks spanish ]