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A Model for Business Development: The Intersection of the Old and New Economy

The United States Hispanic Chamber of Commerce (USHCC) Foundation along with Wells Fargo and the University of Notre Dame will open the 2014 nation-wide Chamber Training Institute tour in San Antonio, Texas on January 14 and 15. This program will highlight emerging business forces that make the city of San Antonio an up and coming economic powerhouse.

Major industry employers in the San Antonio area include businesses from the Health Care & Bioscience, Oil & Gas, Hospitality, Retail Trade and Aerospace sectors. In fact, according to the SABÉR Research Institute, the Aerospace industry in the San Antonio metropolitan area employed 2,141 workers in 2011 and generated roughly $466.5 million in annual sales revenue through an estimated 204 small business establishments. In addition, newer ventures focusing on technology and innovation provide avenues for growth outside of traditional areas like Silicon Valley. Collaborative co-working space, Geekdom, along with San Antonio-based IT hosting company, Rackspace, are providing necessary infrastructure to support the city’s new wave of entrepreneurs, developers, and startups in the region.

On January 14, the USHCC Foundation, in partnership with the San Antonio Hispanic Chamber of Commerce (SAHCC), will host a free networking reception for this thriving local business community. The event, “Celebrating the Growth and Prosperity of Hispanic-owned Businesses,” will take place from 5:30 – 8 p.m. in the Jack Guenther Pavilion at The Briscoe Western Art Museum.  During the reception, Mayor Julián Castro will receive the American Business Champion Award for his concerted efforts to foster the growth and innovation of San Antonio’s business community. Attendees will include Sens. Leticia Van de Putte and Carlos Uresti as well as USHCC national leadership and local business leaders. Register for the event here.  

Hispanic entrepreneurs benefit from programs like the Chamber Training Institute which provide access to resources that help drive business development in Texas and across the South:

–  According to U.S. Census data, among cities with a population of more than 500,000 people, Hispanic-owned businesses accounted for 39.4 percent of all businesses in San Antonio

– In recent years, exports from San Antonio businesses have increased nearly 180 percent, supporting economic growth in the region, and placing the city in the top 10 metro areas for export growth.

– The West Central Region of the U.S., including Texas, Oklahoma, Arkansas, and Louisiana, saw a 43 percent expansion in the number of Hispanic-owned businesses between 2007 and 2013

The USHCC Foundation’s 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 that allows them to strengthen and grow local business communities. It is an executive-level training partnership with the Mendoza College of Business at the University of Notre Dame exclusively funded by Wells Fargo to foster the growth and prosperity of Hispanic-owned businesses and the wider Hispanic community.

To learn more about the Chamber Training Institute program, visit www.ushccfoundation.org.

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