A new survey shows Hispanic entrepreneurs are cautiously optimistic about their businesses in the current economy.
The national survey, which was conducted by PNC Bank, shows Hispanic small-business owners are spending less and saving more — including in Chicago.
Jaime Flores is the owner of Tamale Hut Café in North Riverside. He says that while he isn’t saving much, he is trying to be smarter about how he spends his money.
But he might be most concerned about the people who buy his tamales.
“What I’m worried about is some of my customers being laid off and consolidations of areas businesses around here,” Flores said. “Because when that happens, you know, and they get laid off, obviously those are my customers, my customer base, they don’t come in.”
Like 78 percent of the people surveyed, Flores also says he won’t have to fire anyone to save money. He says he’s already made the most intense cuts to his business earlier in the recession.