Latest news with #Domenech
Forbes
29-04-2025
- Business
- Forbes
Hispanic/Latino Women Entrepreneurs A Rising Force In The U.S. Economy
Diana Domenech Diana Domenech, who started Accelerate Consulting Experts, is an example of someone who juggled her life to meet the health needs of a family member. She uses what she learned in the corporate world and her background to create a successful company, all while staying true to what her family believes in. Her story shows how Hispanic and Latino women can make their own mark and achieve success in American business. Hispanic and Latino women entrepreneurs in the U.S. are having a growing influence on the economy, according to the recently released 'The Wells Fargo 2025 Impact of Women-Owned Businesses: A preview of key figures on Hispanic/Latino women entrepreneurs.' The report reveals that their businesses have seen significant revenue growth, increasing by an impressive 61.7% between 2019 and 2024. However, there is still a considerable gap to close: if these businesses achieved revenue parity with those owned by Hispanic/Latino men, they would add a staggering $1.7 trillion to the U.S. economy. At the current rate of growth, it will take seven decades for Hispanic/Latino women entrepreneurs to reach parity with their male counterparts. Domenech understands these challenges firsthand. As a Puerto Rican woman, she overcame hurdles to build a successful business focused on supplier diversity. Supplier diversity programs are initiatives implemented by corporations, government agencies, and other organizations to intentionally include enterprises owned by underestimated groups, such as women, pelople of color, the LGBTQ+ community, people with disabilities, and veterans, in their procurement processes. Working with suppliers that represent the U.S. population helps companies innovate faster, reach new markets, strengthen their supply chains, and even boost their bottom line. 'It's interesting being Puerto Rican in the Hispanic community because we're the one group of Hispanics who are [born] U.S. citizens,' said Domenech. She is a proud Nuyorican, a term initially used to denigrate Puerto Ricans in New York City, but has been reclaimed as a symbol of pride and identity. The Nuyorican movement of the 1960s and 70s brought people together to celebrate their culture through art and activism. It helped people express themselves through art and get involved in making things better. Even now, Nuyorican culture is still going strong, showing how vibrant and tough Puerto Ricans in New York are. Hispanic and Latino women represent 19% of all women in the U.S. and 14.5% of all women-owned businesses, making them less likely to be entrepreneurs than other women's segments. 'We [Hispanic/Latino population] With a grandparent and an aunt who were entrepreneurs, Domenech had good role models. However, her parents believed that the road to the American Dream was to secure a good job with a pension and to work until it was time to retire, although they also encouraged her to chart her own course. Domenech built a successful career in the field of supplier diversity. This experience honed her expertise in value-driven procurement, positioning her as a leading authority in the field. In 2019, Domenech's father was diagnosed with lung disease and needed a lung transplant. Family means everything to her. She took a professional pause to care for her father. After he recovered from the transplant, Domenech returned to the workforce, this time as an entrepreneur. Leveraging her extensive network and reputation, Domenech secured her first contract in 2021, marking the launch of ACE. Despite hurdles, Domenech's company has secured contracts with high-profile clients, demonstrating the growing recognition of the value that Hispanic/Latino women-owned businesses bring to the table. Even in today's environment, Hispanic/Latino women entrepreneurs like Domenech are leveraging their experience in responsible sourcing to access new opportunities and drive economic growth for their clients. Her firm specializes in developing and enhancing supplier diversity programs for a diverse range of clients, including well-known banks, museums, nonprofits, and other types of organizations. Domenech's success highlights the importance of relationships and referrals. The relationships she built during her career continue to open doors for her to potential clients. Even with her early success, Domenech faced challenges in growing her business. Establishing a predictable sales pipeline proved to be a hurdle. To overcome this, Domenech sought out mentors and experts. She highlights the value of surrounding herself with a "dream team" of advisors—accountants, financial advisors, bankers, and attorneys—to navigate the complexities of growing a business. Financing also posed a challenge. Many Hispanic/Latino entrepreneurs are traditionally risk-averse and hesitant to seek outside funding. 'Many of us growing up in Latin America or raised by parents that did, either have access to good debt options, were but educated on how to leverage debt, or were victims of the 'loan shark' environment common in many Latin American countries,' said Ramona Cendano, CPA, CGMA, CFP. She is also the founder and CEO at Fibrick, which provides accounting, bookkeeping, tax preparation, fractional CFO, and payroll services. 'As a result, Latinos are often afraid to use debt as a source of funding for personal or business purposes, missing out on the many advantages that healthy debt habits can offer.' Domenech ultimately did embrace the concept of leveraging financial resources to fuel growth. "It's about shifting the mindset from 'I don't want to owe somebody' to 'How can I bring this infusion into my company to grow?' " she explains. This shift in perspective allowed her to secure a line of credit this year, a move that has undoubtedly contributed to ACE's ongoing success. Domenech's willingness to take calculated risks, seek expert guidance, and adapt her mindset to leverage financial tools for growth showcases a resourceful approach that aligns with the findings of the "2025 Impact of Women-Owned Businesses" report.
Yahoo
20-03-2025
- Business
- Yahoo
Report – Inter Milan Ready To Lodge Summer Bid For Boca Juniors Teen Sensation
Reports from Argentina highlight a strong interest from Inter Milan in Boca Juniors' rising star, Camilo Rey Domenech. According to FCInter1908, the runaway Serie A leaders are among potential candidates to sign the 19-year-old. With the Club World Cup and next season approaching, Inter plan to strengthen their squad in the upcoming transfer window. Furthermore, they're keen to follow Oaktree's strategy of adding top young talents to an already well-knit team. Domenech ticks all the boxes. At just 18, Rey Domenech has already made an impact at Boca despite recently dealing with an injury. His versatility in midfield and impressive performances have made him a key figure at the club. Boca Juniors secured his future with a contract running until December 2029 and set a €20 million release clause. Meanwhile, Porto and City Group, which oversees Manchester City, have also shown interest. On the other hand, Inter Milan could make a tangible proposal for another Argentine starlet.
Yahoo
12-03-2025
- Business
- Yahoo
21,000% spike in MA vape seizures throws cigarette ban into question, ex-ATF official says
After Massachusetts authorities released a report showing a sharp rise in flavored cigarette and vape seizures under a recent bipartisan statewide ban, a former ATF official and a network of law enforcement veterans specializing in contraband called into question why the ban remains. An annual multi-agency report from the Bay State's Illegal Tobacco Task Force showed vape seizures up by more than 200,000 – largely due to large-scale seizures – since 2023, while smokeless tobacco and standard cigarette seizures were down. Calculations by the Tobacco Law Enforcement Network found that Massachusetts police seized 279,432 vape units in fiscal year 2024, up from about 1,300 the year prior. Former New York City Sheriff Edgar Domenech, who is also a former ATF official who focused on tobacco and related contraband, told Fox News Digital the findings showed the illegal vape market is "exploding," and that when the Bay State became the first to outlaw flavored tobacco, it was a clarion call for cartels and smugglers to say, "[we're] open for business." Migrant Crisis Roils Boston Area As School Stands Firm On Residency Policy "A 21,000 percent increase in smuggling proves once and for all that the Massachusetts flavor ban experiment has been an embarrassing catastrophe," said Domenech, who had been appointed to his Big Apple post by then-Republican Mayor Michael Bloomberg and now works with Georgetown University. Read On The Fox News App "They are spending so much time seizing so much product they literally can't find a place to store the contraband," he said. While the rule of law is important, sometimes new laws themselves may need revisiting, he suggested. Without the ability to levy taxes on what is now an illegal product that remains ubiquitous elsewhere in New England, bordering states like New Hampshire – less than an hour from Boston – seek to reap the tax benefits of Massachusetts' ban as customers go a little out of their way to buy their products, he said. Prohibiting adult products like vapes "never works," Domenech added. "It moves sales out of the stores and into the streets." Ramaswamy Mocks Mass Governor's Illegal Immigrant Stance After Flip: 'Now Acceptable To Complain' In January, Boston police in the Drug Control Unit arrested a 58-year-old Dorchester man as part of a raid that netted 50 grams of crack and 700 packages of "illegally possessed unstamped menthol cigarettes." The man, Parrish Jones, was charged with trafficking cigarettes. Separately, a Hopkinton man was arrested in June for allegedly failing to pay nearly $500,000 in excise taxes after he allegedly sought out-of-state distributors in order to market vape-type products, according to FOX Boston. The ban itself went into effect in December 2019, as the Massachusetts Public Health Council enacted new sales restrictions on vapes and flavored tobacco. The panel was able to do so after then-Gov. Charles Baker – a Republican – signed a bill from the Democratic legislature "modernizing tobacco control." More recently, the Massachusetts attorney general's office filed a complaint against a vape company in 2024 for allegedly ignoring the flavored tobacco ban. The office previously sued several other companies as well, according to a statement. In November, several Massachusetts lawmakers announced plans to file legislation this year to phase out all tobacco and nicotine sales in the state, beginning with those Bay Staters who are currently underage to begin with. Sen. Jason Lewis, D-Middlesex, Rep. Kate Lipper-Garabedian, D-Melrose, and Rep. Tommy Vitolo, D-Brookline, are collaborating on the bill, according to NBC Boston. Fox News Digital reached out to the AG's office for further response but did not hear back by press article source: 21,000% spike in MA vape seizures throws cigarette ban into question, ex-ATF official says
Fox News
12-03-2025
- Politics
- Fox News
21,000% spike in MA vape seizures throws cigarette ban into question, ex-ATF official says
After Massachusetts authorities released a report showing a sharp rise in flavored cigarette and vape seizures under a recent bipartisan statewide ban, a former ATF official and a network of law enforcement veterans specializing in contraband called into question why the ban remains. An annual multi-agency report from the Bay State's Illegal Tobacco Task Force showed vape seizures up by more than 200,000 – largely due to large-scale seizures – since 2023, while smokeless tobacco and standard cigarette seizures were down. Calculations by the Tobacco Law Enforcement Network found that Massachusetts police seized 279,432 vape units in fiscal year 2024, up from about 1,300 the year prior. Former New York City Sheriff Edgar Domenech, who is also a former ATF official who focused on tobacco and related contraband, told Fox News Digital the findings showed the illegal vape market is "exploding," and that when the Bay State became the first to outlaw flavored tobacco, it was a clarion call for cartels and smugglers to say, "[we're] open for business." "A 21,000 percent increase in smuggling proves once and for all that the Massachusetts flavor ban experiment has been an embarrassing catastrophe," said Domenech, who had been appointed to his Big Apple post by then-Republican Mayor Michael Bloomberg and now works with Georgetown University. "They are spending so much time seizing so much product they literally can't find a place to store the contraband," he said. While the rule of law is important, sometimes new laws themselves may need revisiting, he suggested. Without the ability to levy taxes on what is now an illegal product that remains ubiquitous elsewhere in New England, bordering states like New Hampshire – less than an hour from Boston – seek to reap the tax benefits of Massachusetts' ban as customers go a little out of their way to buy their products, he said. Prohibiting adult products like vapes "never works," Domenech added. "It moves sales out of the stores and into the streets." In January, Boston police in the Drug Control Unit arrested a 58-year-old Dorchester man as part of a raid that netted 50 grams of crack and 700 packages of "illegally possessed unstamped menthol cigarettes." The man, Parrish Jones, was charged with trafficking cigarettes. Separately, a Hopkinton man was arrested in June for allegedly failing to pay nearly $500,000 in excise taxes after he allegedly sought out-of-state distributors in order to market vape-type products, according to FOX Boston. The ban itself went into effect in December 2019, as the Massachusetts Public Health Council enacted new sales restrictions on vapes and flavored tobacco. The panel was able to do so after then-Gov. Charles Baker – a Republican – signed a bill from the Democratic legislature "modernizing tobacco control." More recently, the Massachusetts attorney general's office filed a complaint against a vape company in 2024 for allegedly ignoring the flavored tobacco ban. The office previously sued several other companies as well, according to a statement. In November, several Massachusetts lawmakers announced plans to file legislation this year to phase out all tobacco and nicotine sales in the state, beginning with those Bay Staters who are currently underage to begin with. Sen. Jason Lewis, D-Middlesex, Rep. Kate Lipper-Garabedian, D-Melrose, and Rep. Tommy Vitolo, D-Brookline, are collaborating on the bill, according to NBC Boston. Fox News Digital reached out to the AG's office for further response but did not hear back by press time.
Yahoo
14-02-2025
- Sport
- Yahoo
‘The team will be more serene' – Raymond Domenech weighs in on Didier Deschamps' decision to resign
The announcement of Didier Deschamps' departure from the French national team could be what Les Bleus need going forward. Raymond Domenech, who guided the French to the World Cup final in 2006, believes that knowing the former national team captain is leaving will bring peace to the group. Speaking to L'Équipe, Domenech said by resigning, 'He (Deschamps) freed himself, and he freed the French team.' He says that making this announcement well in advance will enable the team to avoid distractions, as there won't be lingering questions about his future since everything has been confirmed. 'They will be more serene,' he adds. Deschamps sur le départ après la Coupe du Monde 2026 😱"Il s'est libéré lui et il a libéré l'équipe de France" @RaymondDomenech #EDG — L'ÉQUIPE de Greg (@lequipedegreg) January 8, 2025 Deschamps will leave his post as national team manager following the conclusion of the 2026 World Cup, having been in charge since 2012. Making a resignation announcement ahead of a major tournament has become a common trend among many past French managers, with Michel Hidalgo, Aimé Jacquet, Jacques Santini and Domenech all doing the same as Deschamps before either a World Cup or Euros. Domenech's time as French manager ended on a sour note, with his team failing to make it out of the group stage at the 2010 finals with several players boycotting training before their final group fixture against the hosts South Africa. In 2006, Domenech's side was on the cusp of being world champions, losing the final against Italy on penalties. Zinedine Zidane, the projected frontrunner to replace Deschamps, was red-carded in extra-time of that fixture for headbutting Marco Materazzi. Two coaches have been in charge of Les Bleus since Domenech departed, with Laurent Blanc quitting at the conclusion of Euro 2012 and Deschamps succeeding his former teammate. Under Deschamps, France finished as runners-up at Euro 2016 and were finalists in the previous two World Cups, lifting the trophy in 2018. As a player, he captained Les Bleus to the World Cup in 1998 and was the skipper when they won the Euro two years later. Deschamps is one of only three people to win the World Cup as the player and manager, with the others being Mário Zagallo and Franz Beckenbauer. GFFN | Joel Lefevre
