“Nelson was a history-maker for Latinos and very specifically for Puerto Ricans, but for all Hispanics, for joining Latinos and African Americans together to increase our participation in all sectors of society in Chicago and Illinois and the Midwest,” said Charlie Serrano, a Chicago businessman who champions trade with Puerto Rico. “That takes a visionary.”Carlo, 83, died of natural causes on Sept.
Carlo helped to more than triple Abbott’s sales, and by 1973 he had bought a 45% ownership stake in the firm. He soon bought out Abbott’s founder with a loan from the Small Business Administration, and expanded his focus by forming a separate company that made restaurant equipment. “Nelson was just fearless,” said Joe Williams, a friend and fellow entrepreneur who, like Carlo, advocated for minority-owned business. “He felt that if people had a mandate that they should adhere to that.”
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