United States Hispanic Chamber Of Commerce Educational Fund

TO PROVIDE EDUCATIONAL PROGRAMS FOR HISPANIC BUSINESS ACROSS THE US

WELLS FARGO OPEN FOR BUSINESS FUNDTHE UNITED STATES HISPANIC CHAMBER OF COMMERCE (USHCC) WAS SELECTED FOR A $1 MILLION GRANT FROM THE WELLS FARGO OPEN FOR BUSINESS FUND IN PARTNERSHIP WITH THE LATINO BUSINESS ACTION NETWORK (LBAN)AND THE HISPANIC HERITAGE FOUNDATION (HHF). FUNDING HIGHLIGHTS: IMMEDIATE TECHNICAL ASSISTANCE FOR THE SMALLEST OF HISPANIC-OWNED BUSINESSES (WITH $0 TO $250K IN ANNUAL REVENUE); GROWING MID-SIZED HISPANIC-OWNED BUSINESSES THROUGH CREDIT EDUCATION AND ACCESS TO CAPITAL ($250K TO $1M IN ANNUAL REVENUE); BUILDING A PIPELINE WITH LBAN TO FAST-TRACK USHCC AVANZAR HISPANIC BUSINESS ENTERPRISE ACCELERATOR ALUMNI ACROSS THE COUNTRY IN MAJOR MARKETS THAT ARE CLOSE TO SCALE (GENERATING >$1M + IN ANNUAL SALES REVENUE) AND BECOMING BANKABLE, TO PARTICIPATE IN THE LBAN STANFORD LATINO ENTREPRENEURSHIP INITIATIVE EDUCATION-SCALING PROGRAM TO BRING THEIR BUSINESSES TO SCALE. THE PROGRAM UTILIZED THE TECH-DRIVEN HUB TO BUILD AN ONLINE FORUM FOR BUSINESS-TO-BUSINESS (B2B) COMMUNICATION, DISCUSS BEST PRACTICES, AND SHARE RESOURCES FOR FINANCIAL SUPPORT.

AVANZARFUNDED BY WELLS FARGO, THE AVANZAR PROGRAM PROVIDES OPPORTUNITY TO LATINA AND LATINO ENTREPRENEURS TO PARTICIPATE IN TRAINING COURSES THAT ARE AIMED TO HELP DEVELOP BUSINESS PLANS, STRATEGY, AND THE LEADERSHIP SKILLS NEEDED 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 FOR EACH BUSINESS.IN 2019, THE USHCC EDUCATIONAL FUND PILOTED TWO AVANZAR PROGRAM SITES IN NORTH CAROLINA AND NEW MEXICO IN PARTNERSHIP WITH THE LATINO AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE AND THE ALBUQUERQUE HISPANO CHAMBER OF COMMERCE. IN 2020, THE PROGRAM EXPANDED TO 7 SITES.IN 2021 THIS PROGRAM CONTINUED TO FUND THE 7 SITES FROM 2020:- NEW MEXICO - ALBUQUERQUE HISPANO CHAMBER OF COMMERCE- NORTH CAROLINA - LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE- GEORGIA - GEORGIA HISPANIC CHAMBER OF COMMERCE- NEVADA - LATIN CHAMBER OF COMMERCE OF LAS VEGAS- CALIFORNIA - LOS ANGELES LATINO CHAMBER OF COMMERCE- FLORIDA - HISPANIC CHAMBER OF COMMERCE OF METRO ORLANDO & PROSPERA USA- ARIZONA - ARIZONA HISPANIC CHAMBER OF COMMERCE

PROUDLY UNSTOPPABLE UPS AND THE UNITED STATES HISPANIC CHAMBER OF COMMERCE (USHCC) STAYED COMMITTED TO KEEPING HISPANIC-OWNED SMALL BUSINESSES MOVING FORWARD. THE UPS PROUDLY UNSTOPPABLE INITIATIVE HAS PARTNERED WITH USHCC TO PROVIDE GRANTS TO HISPANIC SMALL BUSINESSES ACROSS THE U.S. WHERE COMMUNITIES HAVE BEEN ESPECIALLY HARD HIT BY THE COVID-19 PANDEMIC.