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Corporate Initiatives Aimed at Bolstering Growth of Hispanic-Owned Businesses



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Washington (PRESS RELEASE – July 29, 2010) — In light of the new census data which reports a huge growth in Hispanic-owned businesses, the United States Hispanic Chamber of Commerce (USHCC), which represents more than 200 local chambers and serves as the national advocate for nearly three million Hispanic-owned businesses across the country, is pleased to announce the overwhelming support that some of America’s leading corporations are providing for our entrepreneurs nationwide.

For example, Visa Inc., a global payments technology company, and the USHCC have formed a new strategic alliance to provide Hispanic-owned merchants with an array of tools to help them improve cash flow, manage payment acceptance costs, streamline operations and grow their businesses. Additionally, USHCC members will receive customized access to Visa’s suite of small business solutions and educational resources.

The USHCC and Visa are working together to develop acceptance solutions for USHCC merchants, especially smaller businesses with sales up to $1 million, to help ensure that they have access to best-available interchange rates and other acceptance solutions from Visa.

Javier Palomarez, President and CEO of the USHCC, said: “The entrepreneurial spirit, perseverance and work ethic of our community is indisputable and evidenced by the latest census numbers. However, we are also grateful for the support, generosity and creativity of our corporate partners, who are assisting our small businesses so they will be able to transition from merely surviving to thriving during these tough economic times.”

About the United States Hispanic Chamber of Commerce

Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that generate nearly $400 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico.

http://www.ushcc.com/

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