Forget about that loser Beto down Texas, Seattle is getting its own Beto! Beto Yarce, a Mexican immigrant with an impressive business record, announced today that he is running for City Council in Kshama Sawant's District 3.

Sawant, Seattle's most famous socialist, has not yet announced if she is seeking reelection. District 3 includes Capitol Hill, the Central District, and Montlake neighborhoods.

Yarce is a recent immigrant to Seattle, first visiting Seattle on a tourist Visa in 2003, according to a Crosscut profile of him earlier this year. The local website gave Yarce a “Courage in Business Award” for his work as the executive director of Ventures, a local non-profit.

Ventures uses small loans to help people start businesses and get out of poverty. Yarce helped launch a retail incubator in the Pike Place Market called Venture Marketplace. The Marketplace has some impressive stats according to Crosscut's profile. The incubator launched 225 businesses with a 93 percent survival rate. A majority of the clients, 66 percent, were no longer in poverty 18 months after joining the program. Clients get access to loans, coaching, and legal advice for their businesses.

Yarce will formerly announce his campaign at one of the businesses Yarce has worked with at Ventures, according to his campaign announcement:

Yarce will kick off his campaign at El Cuento Preschool—the first business Yarce helped through Ventures’ Latino program. El Cuento was founded in 2009 and now employs 20 people, serving countless students and families in Capitol Hill and throughout Seattle.

We'll see if Seattle's Beto has enough charisma, political know how, and boatloads of sweat to match the Beto down in Texas.