State of Small Business

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Vitamins, supplements for Hispanic neighborhoods

favorite business milagros
Owner Mauricio Simbeck with four of his employees.
  • Business: Milagros de Mexico
  • Location: San Francisco

Milagros de Mexico launched three years ago and currently has five retail stores located in Hispanic neighborhoods in and around San Francisco. The chain sells health and wellness products, like vitamins and other dietary supplements.

Biggest business challenge: "Access to capital is always difficult," said CEO Mauricio Simbeck.

Best advice: "Once you find a passion, just go for it," he said. "You will always face obstacles as a small business owner, but you won't give up if you're passionate about it."

What he plans to do with the grant money: Simbeck says he will use the grant money to open two more locations in the Bay area.

First published January 21, 2014: 10:31 AM ET
Nearly 35,000 small businesses from all 50 states submitted applications for consideration to receive a $250,000 grant from Chase and a trip to Google headquarters. More than 1.7 million people voted; businesses that received at least 250 votes continued onto the judging phase, where a panel of 12 judges selected these 12 businesses.

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