Educated entrepreneurs who migrate from Latin American countries are bringing new ideas and know-how into our business community. This is invigorating Houston and other cities throughout Texas. We openly welcome them
Houston, Texas (PRWEB) February 7, 2007
Certified Business Brokers is getting more inquiries from Latin Americans interested in buying businesses in the US. Political turmoil and economic instability in Latin America are key reasons for the increase.
The inquiries come from business owners who want to leave their countries as leftist governments take power. The number of inquiries from countries experiencing political turmoil has increased substantially. The most activity comes from Venezuela and other places where nationalization measures are being announced.
The reason Latin Americans move to the US and buy businesses in Texas is changing. "Up until last year, the people who contacted us from Latin America wanted to buy or acquire a business for personal security or medical reasons. Recently though, people want to leave because of political and economic instability. As leftist governments take power, more people want to leave their countries and come to the US. Many buy businesses in Texas," said Rose Stabler, Managing Partner of Certified Business Brokers, the largest business brokerage firm in Houston.
Calls and Internet leads have increased especially from citizens from Venezuela, Ecuador and Nicaragua. There are also inquiries from areas in Mexico where there is political unrest. "The political climate in these Latin countries is causing a lot of anxiety. With news of nationalization and debt moratorium policies, business owners and investors are motivated to migrate to safer ground in the US," said Carols Sanchez, a broker at Certified Business Brokers who specializes in assisting Latin American clients.
Nationals of most Latin American countries remember the severe financial decline of the eighties and nineties. Most of the region was rocked by the Tequila, Tango and Samba effects. This created deep economic crisis in countries such as Mexico, Argentina and Brazil. It subsequently spilled over into neighboring countries. Investors from these countries know firsthand the fiscal consequences of ill-designed economic policies and leftist political decisions.
As economic stability declines stability becomes a coveted commodity. People want to protect their financial interests and families. They leave to invest in countries with more stability -- like the United States. "When Latin American governments turn communist or socialist, people fear that the government will take their businesses. They can quickly lose all of their investments. They feel they need to escape to countries like the US where there is proven political and economic stability," Business broker Rose Stabler said.
As part of immigration rules those coming to the US have to invest here and employ people. That's why people want to buy an existing business. Business brokers help them find a business, and if needed, an immigration attorney.
The trend is having a very positive effect on the city of Houston and in Texas. There is not only more investment money flowing into the state, but they also benefit from the people. "Educated entrepreneurs who migrate from Latin American countries are bringing new ideas and know-how into our business community. This is invigorating Houston and other cities throughout Texas. We openly welcome them," Stabler said.
About Rose Stabler and Certified Business Brokers (CBB)
Rose Stabler is managing partner at Certified Business Brokers (CBB). CBB was established in 1974, and is the oldest and largest business brokerage firm in Texas. The brokerage specializes in Business Brokerage, Mergers and Acquisitions, and Business Valuations and Appraisals. They are based in the city of Houston, in Harris County, Texas.
Stabler is a guest columnist on the USABizMart business broker blog. She writes tips and stories for people selling or buying a Texas business.
USABizMart was started in 2005 by Peter Siegel, MBA, to serve business buyers, small business owners, business brokers, and real estate agents who have small businesses for sale. Thousands of buyers come to USABizMart every day to search over 10,000 small business listings for sale.