The United States Hispanic Chamber of Commerce (USHCC) is proud to support The North American Development Bank Improvement and General Capital Increase Authorization Act of 2017 introduced by Senator’s John Cornyn (R-TX) and Dianne Feinstein (D-CA).
The North American Development Bank (NADB) plays a critical role in facilitating key infrastructure projects along the southern border by offering direct financing in loans and grants to public and private businesses who otherwise may not be able to invest into infrastructure improvements. With an initial $405 million in total paid-in-capital contributions from the U.S. and Mexico, NADB has leveraged investments totaling $6.9 billion in the development of sustainable infrastructure.
Promoting development along the U.S.-Mexican border is incredibly important to our diverse association of business owners who advocate for the bank to continue operating as a resource for American enterprise. The USHCC strongly commends the work of these Senators, an example of tenured bipartisan leadership aimed at driving the American economy forward in times of high tensioned political division.
With the right policies in place, American entrepreneurs will ensure that our communities continue to thrive and prosper economically. Our association strongly supports the North American Development Bank Improvement and General Capital Increase Authorization Act of 2017.
About the USHCC
The USHCC actively promotes the economic growth, development and interests of more than 4.2 million Hispanic-owned businesses, that combined, contribute over $668 billion to the American economy every year. It also advocates on behalf of 260 major American corporations and serves as the umbrella organization for more than 200 local chambers and business associations nationwide. For more information, visit ushcc.com. Follow us on Twitter @USHCC.