WASHINGTON, Nov. 14, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic Chamber of Commerce's (USHCC) President & CEO Javier Palomarez was joined by New Mexico Governor Susana Martinez at the USHCC Foundation Chamber Training Institute in Albuquerque, NM to address the impact Hispanic-owned businesses have on the state – and national – economy. There are an estimated 3.2 million Hispanic-owned businesses in the United States that combined, generate over $468 billion in revenue each year.
The remarks highlighted the positive economic impact of Hispanic-owned businesses, particularly small businesses. The latest U.S. Census data estimates that Hispanic-owned businesses represent nearly a quarter of New Mexico's business community. Small businesses have had a significant impact on recovering jobs lost during the recession. According to 2013 labor market data, companies with fewer than 100 employees have contributed 68 percent to gross job gains and over 90 percent to net job gains in New Mexico.
"We are excited to bring programs like the Chamber Training Institute to Albuquerque and provide valuable resources to chamber leaders," said USHCC President & CEO Javier Palomarez. "Hispanic business owners are the fastest growing segment among America's entrepreneurs and are critical to the health of our nation's economy. The USHCC is committed to enabling communities across the U.S. to replicate the recent successes in New Mexico, where the power of small businesses have greatly contributed to this thriving economy."
This event concluded the USHCC Foundation's Chamber Training Institute — a two-day intensive training moderated by the University of Notre Dame's Mendoza College of Business and exclusively funded by Wells Fargo. The training provided attendees an executive learning experience to develop business leadership and managerial skills. The Albuquerque Chamber Training focused on fund development, corporate sponsorship and grant proposal writing.
About the USHCC Foundation's Chamber Training Institute
The United States Hispanic Chamber of Commerce (USHCC) Foundation's Chamber Training Institute is an executive-level training partnership with the Mendoza College of Business at the University of Notre Dame that is exclusively funded by Wells Fargo to foster the growth and prosperity of Hispanic-owned businesses and the wider Hispanic community. The Chamber Training Institute offers chamber leaders a free, two-day, world-class learning experience to develop business and managerial skills across a wide range of topics so that they can, in turn, strengthen and build their own business communities. Over 350 chamber leaders from across the country have participated in the program and received a certificate of completion from the Mendoza College of Business. Please visit www.ushccfoundation.org for more information on the USHCC Foundation's Chamber Training Institute.
About the USHCC Foundation
The USHCC Foundation is committed to giving Latino entrepreneurs alternatives for life preparation and life-long learning by developing and implementing initiatives and educational campaigns to awaken and nurture their entrepreneurial spirit. The Foundation leverages corporate and public support to ensure that existing and aspiring Latino entrepreneurs gain access and achieve success in the world of business.
Please visit www.ushcc.com for more information on the USHCC Foundation.
About the USHCC
Founded in 1979, the USHCC actively promotes the economic growth and development of entrepreneurs and represents the interests of over 3.1 million Hispanic owned businesses nationwide that contribute in excess of $468 billion to the American economy each year. It also serves as the umbrella organization for more than 200 local chambers and business associations in the United States and Puerto Rico. For more information, visit www.USHCC.com.
CONTACT: Valentina Pereda USHCC Director of Communications 202-489-2932Source:United States Hispanic Chamber of Commerce