According to the 2020 State of Latino Entrepreneurship Study of the Stanford Business, Latino business is the fastest-growing segment of the U.S. small business ecosystem, the number of Latino-owned businesses has grown 34% over the last 10 years compared to just 1% for all other small businesses. This growth contributes significantly to the US economy.
The Pittsburgh Hispanic Development Corporation (PHDC) operates a Business Incubator located in Beechview.
The PHDC Business Incubator is a multicultural space where Hispanic entrepreneurs can meet with experienced staff who speak fluent Spanish, Portuguese, and English, and who understand the perspective of a Hispanic in the entrepreneurship ecosystem. PHDC guides entrepreneurs to create business plans, cash flow projections, balance sheets, and market analyses, and to identify financing strategies. PHDC specializes in addressing cross-cultural challenges that inhibit the ability of Hispanic Entrepreneurs to maximize potential, particularly in areas of funding and marketing.
Community & Economic Development
The PHDC Business Incubator project supports Community and Economic Development by advancing the economic and housing opportunities of an underrepresented demographic group, increasing economic activity in a neighborhood ready for transition, and by building the capacity of that neighborhood to carry development forward. Sustaining and accelerating the growth of the Pittsburgh region can only be accomplished through the promotion of diversity and racial equity and that is the mission of the PHDC and this project.
::: WELCOME! :::
Guillermo Velazquez, Executive Director
Incubator Space Includes:
Access to wireless WiFi
Access to co-share tables
Access to power outlets
Shared phone booths
Shared lounge meeting areas
Access to RSVP conference rooms
Access to community networking
Our Product Portfolio and Services
Co-shared membership work area
Websites for Startups
Set up meeting with vendors (lawyers, accountants, insurance, banks, marketers, realtors, etc.)
Business Grand Opening
PHDC Business Incubator
Shared Lounge Kitchen
Private Phone Booths