2022 USHCC Annual Report

Annual Report

AboutTHEUnited States Hispanic Chamber of Commerce (USHCC) serves as the national umbrella organization for more than 260 Hispanic Chambers of Commerce and business associations in the country and advocates for America’s more than 5 million Hispanic-owned businesses. By partnering with hundreds of American corporations, we actively promote the economic growth, development, and interests of Hispanic-owned businesses.

Made up of three core constituents - Hispanic Business Enterprises (HBEs), local chambers and business associations, and Corporate Partner Members (CPMs) — the USHCC’s mission is to foster Hispanic economic development and to build sustainable prosperity for the benefit of American society. It does so through advocacy and professional education, by creating opportunities in corporate and federal procurement and by prioritizing the placement of Hispanics in corporate boardrooms. For more than 43 years, the USHCC has advocated in Washington D.C. on behalf of the Hispanic business community for public policies such as access to capital, federal procurement, affordable energy, the environment, health care reform, international trade, and comprehensive immigration reform.

National Hispanic Chamber Presidents

Chamber Liaisons

The USHCC is proud to serve and advocate on behalf of a national network of more than 260 affiliated Hispanic Chambers of Commerce across the country. Hispanic Chambers of Commerce serve as leaders at the local and regional level, each serving as an economic oasis for Hispanic- and minority-owned businesses in their community. The USHCC works closely with national chamber leaders to provide America’s 5 million Hispanic-owned businesses with opportunities to access educational training, capital, and contracting opportunities to support their growth and scale. We also convene with chamber leaders monthly national roundtables to receive their input and feedback and help inform our national advocacy.

Region 2 - Mountain

Ernie C’de Baca, President & CEO, Albuquerque Hispano Chamber of Commerce

Region 3 - Gulf & Great Plains

Mayra Pineda, President & CEO, Hispanic Chamber of Commerce of Louisiana

Region 4 - Midwest

Region 1 - Pacific

Reuben Franco, President & CEO, Orange County Hispanic Chamber of Commerce

Jessica Cavazos, President & CEO, The Wisconsin Latino Chamber of Commerce

Region 5 - Northeast Jennifer Rodriguez, President & CEO, Philadelphia Hispanic Chamber of Commerce

Region 6 - Southeast

Yuri Cunza, President & CEO, Nashville Hispanic Chamber of Commerce

Executive Summary

No mission has been more critical to the United States Hispanic Chamber of Commerce (USHCC) than aiding small, minority, and Hispanic-owned businesses to successfully navigate through the pandemic these last three years. We implemented several important programs to provide ongoing readiness and support to minority businesses, preparing them to access and fulfill new business and supply chain opportunities.

In 2020, the USHCC launched the USHCC MBDA CARES Act Grant Technical Assistance Program, also known as USHCC CARES, with funding through a grant from the U.S. Department of Commerce Minority Business Development Agency (MBDA). USHCC CARES was facilitated through eight COVID-19 Technical Assistance Centers (TACs) hosted by regional Hispanic Chamber of Commerce partners located in geographic areas with significant Hispanic and minority populations.

The program featured a robust calendar of free, industry-centric webinars led by thought leaders; links to critical resources for public and private sector funding; help

and guidance accessing capital; and information on healthcare, business productivity, and reopening safely. The USHCC also engaged minority business owners through other programs and provided small, minority, and Hispanic business owners with resources from our corporate partners and other key public and private sector constituents invested in the growth of Hispanic Business Enterprises (HBE) and Minority/Women-owned Business Enterprises (MWBE).

Our programs helped thousands of businesses and entrepreneurs get personal protective equipment (PPE); access to more loans, grants, and equity funding; information about safety, mental and physical health; U.S. Centers for Disease Control and Prevention (CDC) updates on COVID-19 and vaccines; corporate partner services; workshops; and one-on-one consultations. Our work with this critical business segment continued in 2022 and beyond with other efforts to ensure that HBEs and MWBEs can thrive in their local, regional, national, and, in some cases, global outreach.

The USHCC provided $5.9 million ingrantstochambers and HBEs +12K emails added to USHCC database +15K businesseshelped +18K attendedbilingualwebinars, trainings,andworkshops +400K emailsopenedandread

137 newnationalandregional community partners +130 HispanicChambersof Commercereceivedgrants to continue their work

A Message From THE PRESIDENT & CEO

the 5 million Hispanic-owned businesses in the United States, which collectively contribute more than $800 billion to the American economy each year.

On behalf of the United States Hispanic Chamber of Commerce Board of Directors and staff, thank you for your membership and support of our collective mission to build an ecosystem to accelerate Hispanic business growth and prosperity throughout America. Together with our national network of more than 260 Hispanic Chambers of Commerce, each of which serves as an economic oasis in its community, we have engaged in advocacy, provided small businesses with technical assistance, and utilized technology to address the adverse economic effects of the pandemic on Hispanic-owned businesses. This work has furthered our core mission: to add value to

We are living through a time in our nation’s history that has challenged the resiliency and perseverance of all Hispanic Business Enterprises. Despite the difficulties of the last three years, Hispanic businesses have been continuously innovating and adjusting their operating models to rise to meet new opportunities. We are proud to support our USHCC Chamber Members through innovative programming and resources for our Hispanic Business Enterprise (HBE) Members, as well as by creating new partnerships with America’s largest corporations that benefit the Hispanic business community.

The USHCC has an active philanthropic arm and educational fund dedicated to providing capacity-building programs for the Hispanic small business community. Through the USHCC Educational Fund 501(c)(3), we expanded our Avanzar national small business accelerator program to serve small businesses in seven states. Each cohort is led by a local Hispanic Chamber of Commerce in their community. This program has already

graduated more than 265 small Hispanic-owned businesses that are ready to scale and take their businesses to the next level thanks to this partnership between our corporate members and our local chambers.

The USHCC is proud to have awarded millions of grant dollars directly to small business owners and to local Hispanic Chambers of Commerce to provide immediate sustainability support during the pandemic. These funds were a lifeline, allowing Hispanic-owned businesses to fund essential business operations such as payroll, rent, and other critical needs. We offered technical assistance, established online resource hubs in English and in Spanish, and provided financial relief to our members through generous partners including Cargill, Rumba Meats, Google, Wells Fargo, Verizon, Office Depot, and many others.

As America’s largest Hispanic business organization, our unified voice was heard loud and clear in the halls of Congress and with the federal administration. We are proud to have leveraged $850 billion to provide more resources targeting and supporting small business assistance initiatives for our national network of Hispanic Chambers of Commerce. These initiatives included better access

to the Paycheck Protection Program (PPP) for both Hispanicowned businesses and 501(c) (6) Chambers of Commerce, securing more second-draw PPP forgivable loans, funding for bilingual technical assistance through a public-private partnership with our Hispanic Chambers of Commerce and the Minority Business Development Agency (MBDA), among numerous others. In summary, 2022 was our most active year advocating in Washington, D.C., on behalf of our member businesses and network of local chambers.

Our goal is to be the leading voice to advance Hispanic business potential to drive America’s future economy. To this end, we have focused our advocacy on behalf of Hispanic-owned businesses, Hispanic Chambers of Commerce, and Corporate Partner Members guided by our “Three Cs”:

1. Capital: expanding equitableaccesstocapital throughtraditionaland innovativepartnerships.

2. Capacity Building:capacity throughprogramming, training,andnewgrant investments.

3. Connections: establishingconnections throughmatchmaking, supplierdiversity,and procurement opportunities.

Our professional staff and management team are guided by five core values — what we call the “Five S’s” — that drive our day-today operations. They are:

1. Solvency: strengtheningand expandingourfiscal resources.

2. Strategic:utilizing ourbestjudgmentin representingtheinterests of America’s 62.5 million Hispanics.

3. Storytelling: practicingtransparentand clear communications and sharingthepowerfulimpact that small businesses are championingeveryday.

4. Service Delivery: continuing to provide tangible value to our chambers, Hispanic Business Enterprises, and corporate partners.

5. Stewardship: mission-drivenmanagement inallouroperations andprogramswitha commitmenttostrongethics andgoodgovernance.

We will continue to strengthen our collective voice as America’s largest Hispanic business organization by advocating on behalf of the Hispanic business community for equity and a seat at the decision-making tables in the U.S. Congress

and administration, and in America’s largest corporations. We as a nation must continue to expand Hispanic businesses’ access to capital, education, and procurement opportunities to unleash the potential of our $2.85 trillion Hispanic GDP into the future. Together, we will create generational wealth in our Hispanic community through education, entrepreneurship, and solidarity. America’s promising economic future will be led by Hispanic businesses — and USHCC will be there to support them every step of the way.

With gratitude,

Ramiro A. Cavazos President & CEO United States Hispanic Chamber of Commerce

Board of Directors

Nelson Reyneri Jr.

Principal, ESG Practice Point B

Chairman of the Board

Victor Arias, Jr. Managing Director & Partner in Charge

DFW Office Diversified Search

Ramiro A. Cavazos

President & CEO

United States Hispanic Chamber of Commerce

Ernie C’de Baca

President & CEO

Albuquerque Hispano Chamber of Commerce

Jacquelyn Puente

Chair-Elect

Vice President External Affairs

Comcast NBCUniversal Telemundo

Carlos A. Becerra

Vice President

Strategy and Operations Support Toyota Financial Services

Jessica Cavazos

President & CEO

Wisconsin Latino Chamber of Commerce

Yuri Cunza

President & CEO Nashville Area Hispanic Chamber of Commerce

Reuben Franco President & CEO

Orange County Hispanic Chamber of Commerce

Patty Juarez

Head of Hispanic/Latino Affairs

Diverse Segments, Representation, and Inclusion Team

Wells Fargo

Sil Gonzalez CEO

Ford of Ventura, California

Rachel Kutz Vice President

Consumer Supply Chain & Global Logistics

AT&T

Board of Directors

Juan Carlos Liscano

Vice President for Miami, the Caribbean and Latin America American Airlines

Robert Martinez

Founder and CEO

Braven Agency I SMRTS

Rosa Navajer

Principal The Rios Group, Inc.

Christine Rice

Executive Vice President VisionIT

Mayra Pineda

President & CEO

Hispanic Chamber of Commerce of Louisiana

Alice Rodriguez

Immediate Past Chair

Retired Executive

JP Morgan Chase, Co-Owner of Kendall Milagro, Inc

Jennifer Rodriguez President & CEO

Greater Philadelphia Hispanic Chamber of Commerce

Raul F. Salinas

General Counsel

Partner-in-Charge

Frost Brown Todd

Yammel Sanchez-Ocana

Executive Director Global Procurement Merck

Cesar Vargas

U.S. Chief External Affairs Officer Anheuser-Busch

Board of Directors USHCC Educational Fund

Carlos A. Becerra Vice President Strategy and Operations Support Toyota Financial Services

Ramiro A. Cavazos President & CEO United States Hispanic Chamber of Commerce

Juan Carlos Liscano Vice President for Miami, the Caribbean and Latin America American Airlines

Betty Manetta President & CEO Argent Associates

Monika Mantilla President & CEO Small Business Community Capital Altura Capital Chair

Kathleen Martinez Senior Director National Strategic Relationship BP

Ruben Barrales Senior Vice President External Relations Wells Fargo

Daniel Galindo Senior Vice President Community Development & Strategy Director Woodforest Bank

Jacquelyn Puente Chair-Elect Vice President External Affairs Comcast NBCUniversal Telemundo

Board of Directors USHCC Educational Fund

Nelson Reyneri Jr. Chairman 501(c)(6) Board Principal, ESG Practice Point B

Alice Rodriguez

Immediate Past Chair

Retired Executive JP Morgan Chase, Co-Owner of Kendall Milagro, Inc

Raul F. Salinas General Counsel Partner-in-Charge Frost Brown Todd

Yammel Sanchez-Ocana Executive Director Global Procurement Merck

Rosa Santana Founder & CEO Santana Group

Senior Executive Corporate Advisory Board (SECAB)

Members

• 1st SOS Staffing Inc

• 3M Science

• AARP

• Ally Bank

• Amazon.com, Inc.

• American Airlines, Inc.

• American Fuel & Petrochemical Manufacturers (AFPM)

• American Petroleum Institute (API)

• American Red Cross

• American Retirement Association

• American Tower Corporation

• Anheuser-Busch Companies, LLC

• Apple, Inc.

• AT&T, Inc.

• Bank of America

• Block

• Boehringer Ingelheim Pharmaceuticals, Inc.

• Boston Scientific Corporation

• bp America, Inc.

• Caesars Entertainment

• Cargill, Inc.

• Cellular Telecommunications and Internet Association (CTIA)

• Charter Communications, Inc.

• Church Mutual Insurance

• Cintas

• Comcast Corporation

• Comerica Bank

• ConocoPhillips Company

• Constant Contact, Inc.

• Customers Bank

• CVS Health Corporation

• Diversified Search Group

• DoorDash, Inc.

• DWS

• Ecolab

as of March 2023

Angie Garcia-Lathrop Community Affairs Executive Bank of America Chair

• Edison Electric Institute (EEI)

• Edwards Lifesciences

• Enterprise Holdings, Inc.

• Experian

• Exxon Mobil Corporation

• FICO

• Fiserv, Inc.

• Frontier Communications

• GEICO

• Google, LLC

• GSK

• Guardian Life Insurance

• Hilton Worldwide Holdings, Inc.

• Home Depot

• Instacart

• Johnson & Johnson

• JPMorgan Chase & Co.

• Kyndryl

• Liberty Mutual

• Lyft, Inc.

• Magna International, Inc.

• MassMutual

• Mastercard, Inc.

• McDonald’s Corporation

• Medtronic

• Merck & Co., Inc.

• Meta Platforms, Inc.

• MGM Resorts International

• Microsoft Corporation

• Nasdaq

• Nationwide Mutual Insurance Company

• NCTA – The Internet & Television Association

• Nike, Inc.

• Nissan North America, Inc.

• Organon

• Paychex, Inc.

• PayPal

• PepsiCo, Inc.

• Philip Morris International (PMI)

• PNC Financial Services Group, Inc.

• Point B

• Raytheon Technologies Corporation

• Robinhood

• Service Corporation International (SCI)

• Shell USA, Inc.

• Southern California Edison

• Square Inc.

• State Farm

• Symetra

• Sysco Corporation

• T-Mobile

• TelevisaUnivision

• The Coca-Cola Company

• The Goldman Sachs Group, Inc.

• The Kroger Company

• The Molson Coors Beverage Company

• TikTok

• Toyota

• Travel + Leisure (Wyndham Destinations)

• U.S. Bancorp

• Uber Technologies, Inc.

• United Parcel Service (UPS)

• USAA

• USI

• Verizon Communications, Inc.

• Walmart

• Walt Disney Co.

• Wells Fargo & Company

• Williams

• Xero

as of March 2023

Procurement Council Advisory Board (PCAB)

Raul Suarez Rodriguez

Members

• 1st SOS Staffing Inc

• 3M Science

• AARP

• Ally Bank

• Amazon.com, Inc.

• American Airlines, Inc.

• American Fuel & Petrochemical Manufacturers (AFPM)

• American Petroleum Institute (API)

• American Red Cross

• American Retirement Association

• American Tower Corporation

• Anheuser-Busch Companies, LLC

• Apple, Inc.

• AT&T, Inc.

• Bank of America

• Block

• Boehringer Ingelheim Pharmaceuticals, Inc.

• Boston Scientific Corporation

• bp America, Inc.

• Caesars Entertainment

• Cargill, Inc.

• Cellular Telecommunications and Internet Association (CTIA)

• Charter Communications, Inc.

• Church Mutual Insurance Company

• Cintas

• Comcast Corporation

• Comerica Bank

• ConocoPhillips Company

• Constant Contact, Inc.

• Customers Bank

• CVS Health Corporation

• Diversified Search Group

Chair

• DoorDash, Inc.

• DWS

• Ecolab

• Edison Electric Institute (EEI)

• Edwards Lifesciences

• Enterprise Holdings, Inc.

• Experian

• FICO

• Fiserv, Inc.

• Frontier Communications

• Google, LLC

• GSK

• Guardian Life Insurance

• Hilton Worldwide Holdings, Inc.

• Home Depot

• Instacart

• Johnson & Johnson

• JPMorgan Chase & Co.

• Kyndryl

• Liberty Mutual

• Lyft, Inc

• Magna International, Inc.

• MassMutual

• Mastercard, Inc.

• McDonald’s Corporation

• Medtronic

• Merck & CO., Inc

• Meta Platforms, Inc.

• MGM Resorts International

• Microsoft Corporation

• Nasdaq

• Nationwide Mutual Insurance Company

• NCTA – The Internet & Television Association

• Nike, Inc.

• Nissan North America, Inc.

• Organon

Associate

Director,

Global Economic Inclusion & Supplier Diversity Processes, Operations & Strategy Merck

• Paychex

• PayPal

• PepsiCo, Inc.

• Philip Morris International (PMI)

• PNC Financial Services Group

• Point B

• Raytheon Technologies Corporation

• Robinhood

• Service Corporation International (SCI)

• Shell USA, Inc

• Southern California Edison

• State Farm

• Symetra

• Sysco Corporation

• T-Mobile

• TelevisaUnivision

• The Coca-Cola Company

• The Goldman Sachs Group, Inc.

• The Kroger Company

• The Molson Coors Beverage Company

• The United Services Automobile Association (USAA)

• The Walt Disney Company

• TikTok

• Toyota Motor North America, Inc.

• Travel + Leisure (Wyndham Destinations)

• U.S. Bancorp

• Uber Technologies, Inc.

• United Parcel Services (UPS)

• USI

• Verizon Communications, Inc.

• Walmart

• Wells Fargo & Company

• Williams

• Xero

USHCC Team

Ramiro A. Cavazos President & CEO

Evelyn Barahona Senior Vice President Educational Fund

Anthony J. Hinojosa Vice President for Government & International Affairs

Erica Salinas Senior Manager of Finance & Administration

Veronica De La Torre Senior Manager of Communications

Monica Alyssa Garza Manager of Procurement

Maria Fernanda Sierra Project Manager

Synthia R. Jaramillo Senior Vice President Corporate Relations

Felipe Ugalde Chief Operations Officer

Jessica Coronado Director of Operations & Board Liaison

Fernando Meersohn Director of Corporate Relations

Laura Sosa Senior Events Manager

Santiago Salas Oliva Manager of Government & International Affairs

Jennifer Barillas Associate Manager of Hispanic Business Enterprises (HBEs)

Latinos accounted for 82% of the growth in U.S. labor force participation despite accounting for less than 20% of the country’s overall population. In 2023, it is projected that 1 in 5 workers will be Latino. (McKinsey)

Latinos start more businesses per capita than any other racial group in the United States. Yet, they receive less than two percent of venture capital funding. Forty percent of all Latino-owned businesses are owned by women.

(GSB Stanford, MSNBC)

Immigrants have started more than half (319 of 582, or 55%) of America’s startup companies valued at $1 billion or more. Nearly two-thirds (64%) of U.S. billiondollar companies were founded or cofounded by immigrants or the children of immigrants. (National Foundation for American Policy)

Economic Recovery Data

11.5% of Latino entrepreneurs report using a personal credit card to fund a new business or acquire an existing business, compared to 9% of white and Asian entrepreneurs.

(Kauffman Foundation)

15.1% of Latino entrepreneurs report that a lack of access to capital negatively impacted profitability, compared to only 8.9% of white-owned businesses.

(Kauffman Foundation)

Since the recovery from the pandemic, overall Hispanic unemployment improved from 7.3% in June, 2021 to 3.8% in Sept. 2022. (U.S. Department of Labor)

Since the recovery from the pandemic, overall Hispanic unemployment improved from 18.5% in April, 2020 to 3.8% in Sept. 2022.

(U.S. Department of Labor)

The sales that Latino firms generate, versus what they would generate if on par with the average non-Latino business, present an opportunity gap of $1.38 trillion for the U.S. economy.

(The Aspen Institute)

If the U.S. Latino market of 62 million was its own country, it would be the 8th largest economy in the world and the largest Latino market in the world, larger than Brazil and more than twice the size of Mexico.

(Latino Donor Collaborative)

Latino GDP grew 72% faster than non-Latino GDP 2010 and 2018. (Latino Donor Collaborative)

From 2010 to 2018, Latino real consumption grew 133% faster than non-Latino consumption. (Latino Donor Collaborative)

Latinos start more businesses per capita than any other racial group in the United States. (GSB Stanford, MSNBC)

Hispanics and Latinos are projected to grow from 17% to 22% of the U.S. workforce by 2030.

(www.mckinsey.com)

One out of 10 jobs in America is created by an immigrant.

(National Immigration Forum)

The U.S. Latino market is growing its GDP at 8.6%, faster than China or India.

(Latino Donor Collaborative)

Latinos have been responsible for 78% of the net new jobs in the American labor force since the Great Recession.

(Latino Donor Collaborative)

In February 2020, Latinos accounted for 82% net new growth across the entire U.S. workforce.

(Latino Donor Collaborative)

Surveys in April 2021 found that working from home was not an option for more than 84% of Latinos.

(Economic Policy Institute)

At the same time, 66% of struggling Latino entrepreneurs had trouble getting a Paycheck Protection Program loan under the initial stimulus bill. (PBS)

In May 2020, nearly six in 10 Latinos (59%) said they live in households that have experienced job losses or pay cuts due to the COVID-19 pandemic, with a far lower share of U.S. adults (43%) saying the same. (Pew Research Center)

As of February 2022, 63% of Hispanic- and 67% of Black-owned businesses were more likely to tap into their personal funds for their businesses compared to 61% of non-minority business owners. (Brookings Institute)

The five business sectors most affected by the pandemic generate almost 50% of the revenues of Hispanic- and Latino-owned businesses, and 65% of Hispanics and Latinos work in those sectors.

(McKinsey)

Latino businesses were disproportionately impacted by COVID-19 and more than 50% less likely to receive government relief under the Payment Protection Program, compared to whiteowned businesses.

(Stanford GSB & The Latino Business Action Network)

In May 2020, more than 25% of Latino entrepreneurs lost significant revenue or shut down the business altogether. (SOMOS UNIDOS US National Latino Survey)

Latinos have been the largest contributor to U.S. population growth, accounting for 54% of the growth. By 2060, the Latino population is projected to increase to 111.2 million, or 28% of the U.S. population. (UCLA)

Latinos are a rapidly growing labor force — they will make up more than one in five workers by 2030 and one in three by 2060. (McKinsey)

Latinos have rates of intergenerational mobility comparable to the White population and higher amongst low-income backgrounds.

(McKinsey)

Hispanics and Latinos are projected to grow from 17% to 22% of the U.S. workforce by 2030.

(www.mckinsey.com)

USHCC - SBA

Community Navigator Pilot Program

In 2021, the United States Hispanic Chamber of Commerce (USHCC) was awarded a grant to design, launch and operate the SBA Community Navigator Pilot Program for Technical Assistance and Development of Hispanic Small Businesses, USHCC Navigates Small Business. The USHCC was selected from more than 50 applicants nationwide to manage programs to support minority-owned business development during the pandemic and post-pandemic economy. The USHCC is the only Hispanic Hub in the navigator network, and all program services are free of charge.

During the two years of this unprecedented effort to support Hispanic and minority entrepreneurs, the USHCC acts as a hub, leading five spokes that are strategically located in areas across the nation with significant concentrations of Hispanic and minority-owned businesses, empowering them to support historically underserved communities:

United States Hispanic Chamber of Commerce (USHCC)

Colorado Hispanic Chamber of Commerce

El Paso Hispanic Chamber of Commerce

Illinois Hispanic Chamber of Commerce (IHCC)

Hello Alice Latino Business Action Network (LBAN)

Leveraging a ‘boots-on-the-ground’ approach, the hub and spokes connect small businesses to critical resources and aid in multiple areas, including:

•

•FundingandAccesstoCapital

•MarketingandBranding

•GrowingaTeam

•GovernmentContracting,PublicandCorporateSupply

•MinorityCertification

Program services include readiness and training, webinars, live events, and dedicated bilingual business counseling led by industry experts.

Results & Highlights for Year 1:

Program Impact to Date

Washington = WA

Oregon = OR

California = CA

Nevada = NV

Arizona = AZ

Colorado = CO

New Mexico = NM

Texas = TX

Oklahoma = OK

Nebraska = NE

Minnesota = MN

Iowa = IA

Wisconsin = WN

Illinois = IL

Arkansas = AR

Louisiana = LA

Mississippi = MS

Alabama = AL

Florida = FL

Tennessee = TN

Leading states of program sphere of influence

Opportunity areas.

Kentucky = KY

Ohio = OH

Indiana = IN

Michigan = MI

Georgia = GA

Virginia = VA

Pennsylvania = PA

New York = NY

Wisconsin = WI

Washington, DC = DC

Delaware = DE

Massachussets = MA

Maryland = MD

North Carolina = NC

New Jersey = NJ

Nevada = NV

Rhode Island = RI

Program Customer Industries

Training Demographics

7,700 Veteran Entrepreneurs

8,000 Hispanic Business Owners

Nature of Assistance Sought

8% Procurement & Certification

4% Other Services

38,000 Women Entrepreneurs

Year 2:

27% Business Technical Assistance

Year 2 focuses on helping small and minority entrepreneurs to streamline their business knowledge through dedicated business counseling, building their financial frameworks, marketing, and human resources processes to get them ramped up to scale. We’re growing our network of banking and professional service providers, hiring more business advisors and continuing to develop a curriculum of readiness webinars to help MWBEs and HBEs to scale the right way.

As we move on to Year 2, we look forward to amplifying opportunities to share critical business development tools and resources in English and Spanish that reduce costly errors and mitigate delays typical to startups and smaller businesses, helping to pave their way to success and sustainability.

61% Access to Funding

USHCC Programs

Toyota

Greening Toyota’s Supply Chain

Anheuser-Busch Foundation SUPPLIER READINESS BOOTCAMP

The United States Hispanic Chamber of Commerce Educational Fund (USHCCEF) and the Anheuser-Busch Foundation are excited to announce a new expanded partnership to launch a ‘Supplier Readiness Bootcamp’ that supports minority entrepreneurs in navigating the procurement and contracting process. The ‘Supplier Readiness Bootcamp’ program aims to increase supplier readiness by training Hispanic and minority suppliers on important tips and best practices to help strengthen their proposals and their opportunities. Data shows that minorities of color receive less than 2% of all contracting dollars from corporate and federal procurement opportunities.

Avanzar (‘Advance’ in Spanish) is an eight-month business accelerator program designed for Hispanic small business owners who are ready to take their businesses to the next level. The USHCC launched this program in 2019 thanks to an investment from Wells Fargo & Company. Each Latina and Latino entrepreneur participates in courses that develop business plans, strategy, and the leadership skills they need to scale their small businesses. Course topics include building financial plans, streamlining operations, lowering expenses, marketing, leveraging social media, human resources, and obtaining access to capital.

Through the USHCC Green Builds Business Program seeks to offer business coaching on to their suppliers on proven green best practices. The goal is to enable business suppliers’ ability to identify, design and implement green projects that achieve triple bottom line results of lower costs, enhanced human benefits and reduced environmental impacts.

Avanzar

USHCC Programs

Grow with Google

Bank of America “In Her Footsteps”

Launched in 2018 by USHCC and Bank of America, the “In Her Footsteps” podcast hosts dynamic Latina business owners who are helping drive the American economy and creating change in their communities. It provides listeners with information and resources to better run their businesses, while highlighting the contributions of the Hispanic community and Latina businesswomen. This program is proudly sponsored by Bank of America.

Chamber Leadership Alliance

The USHCC is one of four partners of the Chamber Leadership Alliance along with the National LGBT Chamber of Commerce (NGLCC), the U.S. Black Chambers, Inc. (USBC), and the US Pan Asian American Chamber of Commerce Foundation. Together, these four organizations co-present the Chamber Leadership Development Program, which consists of virtual and in-person trainings to empower and strengthen their chambers of commerce and employees.

In partnership with the USHCC, the Grow with Google program offers free training and tools to help HBEs and entrepreneurs to grow their skills, careers, or businesses. Participants can earn Google Career Certificates and learn job-ready skills in fast-growing fields like IT, project management, data analytics, and UX design. No experience necessary to enroll.

ELEVATE TOGETHER™

ELEVATE TOGETHER™ powered by Round It Up America® is a nonprofit initiative designed to address systemic discrimination and historical racial disparities in business growth and profitability in Hispanic and Black communities. Through a partnership with the USHCC National Urban League, the initiative supports Hispanic and Black small businesses with five or fewer employees. The ODPCorporation (parent company to OfficeDepot and CompuCom) is the initiative’s founding partner. The USHCC and the National Urban League are the only two national profit partners leading this initiative with Office Depot.

Wells Fargo

The USHCC has partnered with Wells Fargo to provide substantial direct funding each year to chambers across the country for programs that strengthen and foster the growth of small business communities. Multiple grants ranging from $5,000 to $15,000 are awarded to select local chambers. These funds support programs that empower female entrepreneurs, promote green energy, and advance diversity and inclusion.

The United States Hispanic Chamber of Commerce (USHCC) announced its plan to help bring a new online curriculum to small businesses across the nation: Verizon Small Business Digital Ready. In partnership with Next Street and Local Initiatives Support Corp (LISC), the Verizon Small Business Digital Ready online curriculum is designed to give small businesses the tools they need to thrive in today’s digital economy, including access to personalized learning plans, coaching from experts and networking opportunities with diverse, industryspecific businesses.

More than 100,000 small businesses closed due to the pandemic, with a disproportionate impact on Latinx and black-owned small businesses. Verizon Small Business Digital Ready offers businesses support, aiming to enable digital readiness and drive digital transformation through a customized curriculum that accounts for industry, size and interests. The USHCC is proud to be working with Verizon to reach those businesses most in need of support within the nation.

Universal

Universal Telemundo Enterprises in partnership with the USHCC launched the “Nuestros Negocios” (“Our Businesses”) nationwide campaign under the umbrella of Telemundo’s award-winning platform “El Poder En Ti” (“The Power in You”) .The multiplatform campaign taps into Telemundo’s network, local stations, and digital and social platforms to spotlight small and medium-sized Hispanic-owned businesses impacted by the COVID-19 pandemic and promote their services to help them sustain their businesses through these challenging times.

Comcast

Verizon

USHCC Programs

Corporate Partner Membership

CPM program provides USHCC Corporate members with access to a vast array of Hispanic Business Enterprises (HBEs), from emerging small ventures to established businesses with revenues of than 1 billion dollars. Our ability to connect USHCC Corporate members to such a broad network of HBEs is facilitated by the network we maintain with our than 200 Hispanic chambers across the country, numerous business matchmaking events throughout the year, and our nationally renowned conferences, including the Annual Legislative Summit and the USHCC National Conference - the largest gathering of Hispanic business owners in America.

Lyft up

The USHCC received two grants to provide vaccine access codes through Lyft through our chamber network, targeting specific high-risk COVID cities. Consumers could request up to 4four round-trip codes, to allow for rides to and from each of their vaccine dose appointments as well as booster appointments.

Grubhub

Local restaurants need delivery and pickup orders now more than ever. The USHCC Educational Fund is proud to join forces with the Grubhub Community Relief Fund. Customers can donate their change to the Grubhub Community Relief Fund at checkout. Donations go to charitable organizations supporting local restaurants and drivers impacted by COVID-19.

UPS Unstoppable

UPS is committed to keeping Hispanic-owned small businesses moving forward. COVID-19 has impacted small businesses across the board, and the minority and small business community has been especially hard hit. UPS has partnered with the USHCC to keep small businesses moving forward. By making a donation to provide direct assistance to small businesses in need.

Hispanic Business Enterprise

Two-thirds of American jobs are created by small businesses. Hispanic enterprises are leading this critical growth; starting new ventures at a rate three times the national average. The Hispanic Business Enterprise (HBE) program provides a national platform for Hispanic-owned companies that have scaled and grown beyond the scope of local chambers of commerce. In addition to advocating on behalf of HBEs on Capitol Hill and across the country, the USHCC equips members with resources and knowledge to grow their business by raising awareness bout procurement opportunities and introducing them to a broad network of decision makers in the public and private sectors.

Small Business Matchmaking

In 2022, we united two Hispanic Business Enterprises, Possible Missions & My Business Matches, in a partnership to conduct our three notable USHCC matchmaking events. This partnership has provided a seamless process for our matchmaking events and make our participants familiar with the continuous use of matchmaking technology. Possible Missions uses their “white glove” concierge approach to assist our buyers and suppliers to register and set up their meetings, while the My Business Matches technology allows buyers to select their meetings based on the highest compatible suppliers, allowing for intentional, streamlined, valuable meetings.

Matchmaking highlights:

2022 USHCC Legislative Summit:

> 250 RegisteredBuyers and Sellers

> 250 businessmatchmaking meetings

For the first time ever, we launched a virtual procurement roundtable during the Summit, hosting 5 federal buyers and over 208 participants.

Our inaugural Energy Summit, which hosted its first industryfocused business matchmaking session, showed promising results:

>70 registeredbuyers and sellers

75 productiveone-on-one matchmakingmeetings

Industries: Energy, construction andengineering

60 participants in 2 roundtables

Small Business Matchmaking

2022 USHCC National Conference (Phoenix):

We changed the event agenda and increased matchmaking days to two.

527 registeredbuyers and sellers

>800 businessmatchmaking sessions

5 virtual roundtables with 300 participants

2,300 uniquematchesand potentialcontracting opportunities–arecord breaker!

>$250 million in contracts awarded.

Some of our businesses’ success stories:

•Long-time Hispanic Business Enterprise (HBE) Colonial Press was awarded a multi-million dollar business contract with Wells Fargo during our 2022 National Conference.

•New HBE Social Driver received multiple significant contracts and are now doing business with Amazon, Exelon, and AT&T. These contracts have resulted in over $1 million dollars in revenue for the company.

•Latino news outlet NegociosNow also received a significant sponsorship/ funding from Wells Fargo.

2022 National Conference

Impact and Overview

1,500+

registrations

45+ exhibitors

Social media reach:

33,000+

Small Business Matchmaking:

127 buyers

400 suppliers

2,268 unique matches

800 total meetings

USHCC Corporate Partner Members

as

of March 2023

• 1st SOS Staffing Inc

• 3M Science

• AARP

• Ally Bank

• AlvaradoSmith

• Amazon.com, Inc.

• American Airlines, Inc.

• American Fuel & Petrochemical Manufacturers (AFPM)

• American Petroleum Institute (API)

• American Red Cross

• American Retirement Association

• American Tower Corporation

• Anheuser-Busch Companies, LLC

• Apple, Inc.

• AT&T, Inc.

• Avis Budget Group, Inc.

• Bank of America

• Bitwise Industries

• Block

• Blue Cross & Blue Shield of RI

• Boehringer Ingelheim Pharmaceuticals, Inc.

• Boston Scientific Corporation

• bp America, Inc.

• Bristol Myers Squibb

• Caesars Entertainment

• Cargill, Inc.

• Cellular Telecommunications and Internet Association (CTIA)

• Charter Communications, Inc.

• Chevron Services Company

• Church Mutual Insurance Company

• Cintas

• Comcast Corporation

• Comerica Bank

• ConocoPhillips Company

• Constant Contact, Inc.

• Cricket Wireless

• Customers Bank

• CVS Health Corporation

• Denny’s

• Diversified Search Group

• DoorDash, Inc.

• DWS

• DuPont de Nemours, Inc.

• Ecolab

• Edison Electric Institute (EEI)

• Edwards Lifesciences

• Emera Technologies, LLC

• Enterprise Holdings, Inc.

• ettain group, Inc.

• Experian

• Exxon Mobil Corporation

• FICO

• Fiserv, Inc.

• Ford Motor Company

• Frederick Wildman & Son, Ltd.

• Frontier Communications

• GEICO

• Google, LLC

• GSK

• Guardian Life Insurance

• Hilton Worldwide Holdings, Inc.

• Home Depot

• ICIC

• Instacart

• Johnson & Johnson

• JPMorgan Chase & Co.

• Juul Labs, Inc.

• Kyndryl

• Lenovo

• Liberty Mutual

• Lyft, Inc.

• Magna International, Inc.

• MassMutual

• Mastercard, Inc.

• McDonald’s Corporation

• Medtronic

• Merck & Co., Inc.

• Meruelo Group

• Meta Platforms, Inc.

• MGM Resorts International

• Microsoft Corporation

• Molson Coors Beverage Company

• Municipal Finance & Services Corporation (MFSC)

• Nasdaq

• Nationwide Mutual Insurance Company

• NCTA – The Internet & Television Association

• NFP Corporate Services

• Nike, Inc.

• Nissan North America, Inc.

• Oncor Electric Delivery

• Organon

• Pattern Energy

• Paychex, Inc.

• PayPal

• PepsiCo, Inc.

• Pfizer

• Philip Morris International (PMI)

• PhRMA

• PNC Financial Services Group, Inc.

• Point B

• Public Private Strategies

• Public Service Company of New Mexico

• Raytheon Technologies Corporation

• Robinhood

• Service Corporation International (SCI)

• Shell USA, Inc.

• Southern California Edison

• Southwest Airlines

• Spanish Broadcasting System, Inc.

• State Farm

• State Street Bank

• Strategies 360, Inc.

• Symetra

• Sysco Corporation

• T-Mobile

• Target Corporation

• TelevisaUnivision

• The Coca-Cola Company

• The Goldman Sachs Group, Inc.

• The Kroger Company

• The Molson Coors Beverage Company

• The United Services Automobile Association (USAA)

• The Walt Disney Company

• TikTok

• Toyota Motor North America, Inc.

• Travel + Leisure Co. (Wyndham Destinations)

• U.S. Bancorp

• Uber Technologies, Inc.

• United Parcel Service (UPS)

• USI

• Verizon Communications, Inc.

• Visa, Inc.

• Walmart

• Warner Bros. Discovery, Inc.

• Wells Fargo & Company

• Williams

• Woodforest National Bank

• Xero

USHCC National Partners

as of March 2023

• Alianza Americas

• American G.I. Forum

• AP Collective

• ASPIRA

• Association of Latino Professionals For America (ALPHA)

• AVANCE

• Casa de Esperanza

• Casa Esperanza: National Latin@ Network

• Colonial Print

• Congressional Hispanic Caucus Institute (CHCI)

• Congressional Hispanic Leadership Institute

• Cuban National Council (CNC)

• Delaware Hispanic Commission

• Enhancement

• Farmworker Justice

• Friends of the American Latino Museum (FRIENDS)

• GreenLatinos

• Hispanic Association for Career

• Hispanic Association of Colleges and Universities

• Hispanic Association of Colleges and Universities (HACU)

• Hispanic Association of Coorporate Responsibility

• Hispanic Federation (HF)

• Hispanic Heritage Foundation

• Hispanic IT Executive Council (HITEC)

• Hispanic Marketing Council

• Hispanic National Bar Association (HNBA)

• Hispanics in Energy

• Hispanics In Philanthropy

• Inter-University Program for Latino Research (IUPLR)

• Intercultural Development Research Association (IDRA)

• L’Attitude

• Labor Council of Latin American Advancement (LCLAA)

• Labor Council of Latin American Advancement (LCLAA) Hello Alice

• Latina Golfers Association

• Latina Style Magazine

• Latino Business Action Network (LBAN)

• Latino Corporate Directors Association (LCDA)

• Latino Donor Collaborative (LDC)

• Latino Hotel Association

• Latino Jewish Leadership Council

• Latino Justice PRLDEF

• Latino Restaurants Association

• Latino Victory Fund

• Latinx Startup Alliance

• League of United Latin American Citizens (LULAC)

• MANA, A National Latina Organization

• Mexican American Legal Defense and Education Fund (MALDEF)

• Mi Familia Vota

• NALEO Educational Fund (NALEO)

• National Association of Hispanic Federal Executives (NAHFE)z

• National Association of Hispanic Journalists (NAHJ)

• National Association of Hispanic Publications

• National Association of Hispanic Real Estate Professionals United StatesMexico Chamber of Commerce (USMCOC)

• National Association of Latino Arts and Cultures (NALAC)

• National Association of Latino Community Asset Builders

• National Association of Latino

Elected Officials (NALEO)

• National Association of Latino Independent Producers (NALIP)

• National Conference of Puerto Rican Women (NACOPRW)

• National Day Laborer Organizing Network (NDLON)

• National Gay & Lesbian Chamber of Commerce (NGLCC)

• National Hispanic Caucus of State Legislators (NHCSL)

• National Hispanic Coaches Association

• National Hispanic Corporate Council

• National Hispanic Council on Aging (NHCOA)

• National Hispanic Environmental Council (NHEC)

• National Hispanic Foundation for the Arts (NHFA)

• National Hispanic Media Coalition (NHMC)

• National Hispanic Medical Association (NHMA)

• National Latina Institute for Reproductive Health (NLIRH)

• National Latina Institute for Reproductive Health (NLIRH)

• National Latinx Psychological Association

• National Minority Supplier  Development Council (NMSDC)

• National Partner

• National Programs Director Hispanic Technology  & Telecommunication Partnership (HTTP)

• National Puerto Rican Chamber of Commerce

• New America Alliance

• Presente.org

• Prospanica

• Saber Es Poder

• SCORE

• SER - Jobs for Progress National, Inc.

• Small Business Administration

• Society of Hispanic Professional Engineers

• Southwest Voter Registration Education Project (SVREP)

• The Gill Foundation

• The Hill

• The Hispanic Star

• The Latino Coalition

• UnidosUS

• United States Black Chambers Inc. (USBC)

• United States Hispanic Leadership Institute

• United States Pan Asian American Chamber of Commerce (USPAACC)

• US National Commander American G.I. Forum

• US-Mexico Foundation

• VotoLatino

• We Are All Human Foundation

• Women’s Business Enterprise National Council (WBENC)

What’s Next?

What’s Next?

What’s Next?