SOURCE: Hispanic Business

September 01, 2005 18:15 ET

Hispanic Business Presents the Top 40 Companies for Hispanics

SANTA BARBARA, CA -- (MARKET WIRE) -- September 1, 2005 -- Unlike other "Best Company" lists, which focus on hiring or leadership, the Hispanic Business directory looks at how companies reach out to Hispanics in recruitment, promotion, procurement, philanthropy, and marketing.

McDonald's Corporation tops the list and attributes its success to franchisees, staff and suppliers. The company has launched an education program in which Spanish-speaking employees can learn English and English-speaking employees can learn Spanish, showing its commitment to cultural diversity and understanding.

While the goal may be the same for all the companies on the Top 40, the approach can vary by industry. PG&E for example, number 13 on the list, attends minority business events to meet suppliers. Last year they spent about $300 million with Hispanic suppliers.

The accomplishments of the Top 40 companies are impressive, for example, 51 percent of SBC Communications' new hires were people of color.

The complete list and coverage of the Top 40 companies can be found in the September issue of Hispanic Business magazine, and at www.HispanicBusiness.com.

About Hispanic Business Inc.

Now celebrating over a quarter century as an award-winning publishing and information services company, Hispanic Business Inc. is the nation's leading source of information for and about Hispanic professionals and entrepreneurs. Hispanic Business magazine is the company's flagship publication, and other products and educational services include: Hispanic Business magazine, http://www.HispanicBusiness.com, http://www.HireDiversity.com, and Hispanic Business Events including EOY (Entrepreneur of the Year) Awards Gala, BOE (Board of Economists) U.S. Hispanic Economic Summit and WOY (Woman of the Year).

Hispanic Business® and HispanTelligence® are registered trademarks of Hispanic Business Inc. 2005 Hispanic Business Inc. All rights reserved.

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