About the USHCC
The United States Hispanic Chamber of Commerce actively promotes the economic growth, development, and interests of more than 5 million Hispanic-owned businesses. Our team embodies the patriotic spirit and core mission of fostering the growth of America’s business community.
Who We Are
The United States Hispanic Chamber of Commerce actively promotes the economic growth, development, and interests of more than 5 million Hispanic-owned businesses, that combined, contribute over $800 billion to the American economy every year. It advocates on behalf of its network of more than 260 local chambers and business associations nationwide, and also partners with over 160 major American corporations.
Programs
Members
Funding
Resources
Procurement
The United States Hispanic Chamber of Commerce receives many procurement opportunities and RFP’s for specific products, services, and opportunities. In an effort to help us connect you to relevant opportunities.
Jobs
Search the USHCC Job Bank for opportunities and apply for openings across different industries available through USHCC and its affiliates. Our Job Bank also provides an in-depth, skills-based job matching platform to match job seekers with the jobs for which they are most qualified.
The United States Hispanic Chamber of Commerce (USHCC) proposes the following framework to provide the necessary support to restart the fastest growing segment of our American economy.
Part 1
The Problem
Hispanic Business Enterprises (HBEs) face disproportionate challenges when accessing capital to start or scale their businesses.
Only 2 out of 10 loan requests are approved for small business owners, and unregulated alternative lenders sometimes engage in predatory practices.
In addition, the average loan amount for firms with more than $500,000 in gross receipts was $149,000, while the average for non-minority firms was more than twice that amount at $310,000.
Part 2
The Opportunity
Real U.S. Latino Gross Domestic Product (GDP) grew 8.7 percent between 2017 and 2018, more than 4 and a half times the growth of non-Latino GDP.
There is at least a $1.5 trillion opportunity gap that could be added to the U.S. economy if Latino-owned businesses generated, on average, the same annual revenues than their non-Latino counterparts.
The growth rate in the number of Latino-owned employer businesses was higher than the U.S. national average growth rate for all employer businesses in 41 states.
Part 3 – The Path Forward
A Framework for Progress
A. Establishing a Partnership with the Hispanic Business Community by:
Only 2 out of 10 loan requests are approved for small business owners, and unregulated alternative lenders sometimes engage in predatory practices.
Including new bold technical assistance programs, public-private partnerships, federal multi-agency initiatives, special purpose financial vehicles with innovative capital models, and other solutions to close the $1.5 trillion parity of capital gap.
B. Addressing Businesses at their Needs:
HBEs range from starts up to “unicorns”, and encompass a wide range of industries.
Accordingly, “one size does not fit all” and solutions require the ability to mobilize resources that include short-, medium-, and long-term debt and equity, and technical assistance including advisors and mentors.