2022 USHCC Annual Report

Annual Report

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Annual Report

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About

National Hispanic Chamber Presidents

THE

United States Hispanic Chamber of Commerce (USHCC) serves as the national umbrella organization for more than 260 Hispanic Chambers of Commerce and business associations in the country and advocates for America’s more than 5 million Hispanic-owned businesses. By partnering with hundreds of American corporations, we actively promote the economic growth, development, and interests of Hispanic-owned businesses.

Made up of three core constituents - Hispanic Business Enterprises (HBEs), local chambers and business associations, and Corporate Partner Members (CPMs) — the USHCC’s mission is to foster Hispanic economic development and to build sustainable prosperity for the benefit of American society. It does so through advocacy and professional education, by creating opportunities in corporate and federal procurement and by prioritizing the placement of Hispanics in corporate boardrooms. For more than 43 years, the USHCC has advocated in Washington D.C. on behalf of the Hispanic business community for public policies such as access to capital, federal procurement, affordable energy, the environment, health care reform, international trade, and comprehensive immigration reform.

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UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Chamber

Liaisons The USHCC is proud to serve and advocate on behalf of a national network of more than 260 affiliated Hispanic Chambers of Commerce across the country. Hispanic Chambers of Commerce serve as leaders at the local and regional level, each serving as an economic oasis for Hispanic- and minority-owned businesses in their community.

The USHCC works closely with national chamber leaders to provide America’s 5 million Hispanic-owned businesses with opportunities to access educational training, capital, and contracting opportunities to support their growth and scale. We also convene with chamber leaders monthly national roundtables to receive their input and feedback and help inform our national advocacy.

Region 3 - Gulf & Great Plains Mayra Pineda, President & CEO, Hispanic Chamber of Commerce of Louisiana

Region 2 - Mountain Ernie C’de Baca, President & CEO, Albuquerque Hispano Chamber of Commerce

Region 4 - Midwest Jessica Cavazos, President & CEO, The Wisconsin Latino Chamber of Commerce

Region 1 - Pacific Reuben Franco, President & CEO, Orange County Hispanic Chamber of Commerce

Region 5 - Northeast Jennifer Rodriguez, President & CEO, Philadelphia Hispanic Chamber of Commerce

Region 6 - Southeast Yuri Cunza, President & CEO, Nashville Hispanic Chamber of Commerce

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Table

of contents 6/

Executive Summary

7/

A Message From the President & CEO

9/

Board of Directors

11/ Board of Directors USHCC Educational Fund 13/ Senior Executive Corporate Advisory Board (SECAB) 14/ Procurement Council Advisory Board (PCAB) 15/ USHCC Team 16/ Economic Recovery Data 18/ USHCC-SBA Community Navigator Pilot Program 23/ USHCC Programs 27/ Small Business Matchmaking 29/ 2022 National Conference Impact and Overview 30/ 2022 Energy Summit Impact and Overview 30/ 2022 Legislative Summit Impact and Overview 31/ USHCC Corporate Partner Members as of March 2023 33/ USHCC National Partners as of March 2023 35/ What’s Next?

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UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Executive

The USHCC provided

Summary No mission has been more critical to the United States Hispanic Chamber of Commerce (USHCC) than aiding small, minority, and Hispanic-owned businesses to successfully navigate through the pandemic these last three years. We implemented several important programs to provide ongoing readiness and support to minority businesses, preparing them to access and fulfill new business and supply chain opportunities.

In 2020, the USHCC launched the USHCC MBDA CARES Act Grant Technical Assistance Program, also known as USHCC CARES, with funding through a grant from the U.S. Department of Commerce Minority Business Development Agency (MBDA). USHCC CARES was facilitated through eight COVID-19 Technical Assistance Centers (TACs) hosted by regional Hispanic Chamber of Commerce partners located in geographic areas with significant Hispanic and minority populations.

The program featured a robust calendar of free, industry-centric webinars led by thought leaders; links to critical resources for public and private sector funding; help

$5.9 million

and guidance accessing capital; and information on healthcare, business productivity, and reopening safely. The USHCC also engaged minority business owners through other programs and provided small, minority, and Hispanic business owners with resources from our corporate partners and other key public and private sector constituents invested in the growth of Hispanic Business Enterprises (HBE) and Minority/Women-owned Business Enterprises (MWBE).

Our programs helped thousands of businesses and entrepreneurs get personal protective equipment (PPE); access to more loans, grants, and equity funding; information about safety, mental and physical health; U.S. Centers for Disease Control and Prevention (CDC) updates on COVID-19 and vaccines; corporate partner services; workshops; and one-on-one consultations. Our work with this critical business segment continued in 2022 and beyond with other efforts to ensure that HBEs and MWBEs can thrive in their local, regional, national, and, in some cases, global outreach.

in grants to chambers and HBEs

+12K

emails added to USHCC database

+15K

businesses helped

+18K

attended bilingual webinars, trainings, and workshops

+400K

emails opened and read

137

new national and regional community partners

+130

Hispanic Chambers of Commerce received grants to continue their work 6

A Message From

THE PRESIDENT & CEO the 5 million Hispanic-owned businesses in the United States, which collectively contribute more than $800 billion to the American economy each year.

On behalf of the United States Hispanic Chamber of Commerce Board of Directors and staff, thank you for your membership and support of our collective mission to build an ecosystem to accelerate Hispanic business growth and prosperity throughout America. Together with our national network of more than 260 Hispanic Chambers of Commerce, each of which serves as an economic oasis in its community, we have engaged in advocacy, provided small businesses with technical assistance, and utilized technology to address the adverse economic effects of the pandemic on Hispanic-owned businesses.

This work has furthered our core mission: to add value to

We are living through a time in our nation’s history that has challenged the resiliency and perseverance of all Hispanic Business Enterprises.

Despite the difficulties of the last three years, Hispanic businesses have been continuously innovating and adjusting their operating models to rise to meet new opportunities. We are proud to support our USHCC Chamber Members through innovative programming and resources for our Hispanic Business Enterprise (HBE) Members, as well as by creating new partnerships with America’s largest corporations that benefit the Hispanic business community.

The USHCC has an active philanthropic arm and educational fund dedicated to providing capacity-building programs for the Hispanic small business community. Through the USHCC Educational Fund 501(c)(3), we expanded our Avanzar national small business accelerator program to serve small businesses in seven states. Each cohort is led by a local Hispanic Chamber of Commerce in their community.

This program has already

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graduated more than 265 small Hispanic-owned businesses that are ready to scale and take their businesses to the next level thanks to this partnership between our corporate members and our local chambers.

The USHCC is proud to have awarded millions of grant dollars directly to small business owners and to local Hispanic Chambers of Commerce to provide immediate sustainability support during the pandemic. These funds were a lifeline, allowing Hispanic-owned businesses to fund essential business operations such as payroll, rent, and other critical needs.

We offered technical assistance, established online resource hubs in English and in Spanish, and provided financial relief to our members through generous partners including Cargill, Rumba Meats, Google, Wells Fargo, Verizon, Office Depot, and many others.

As America’s largest Hispanic business organization, our unified voice was heard loud and clear in the halls of Congress and with the federal administration. We are proud to have leveraged $850 billion to provide more resources targeting and supporting small business assistance initiatives for our national network of Hispanic Chambers of Commerce. These initiatives included better access

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

to the Paycheck Protection Program (PPP) for both Hispanicowned businesses and 501(c) (6) Chambers of Commerce, securing more second-draw PPP forgivable loans, funding for bilingual technical assistance through a public-private partnership with our Hispanic Chambers of Commerce and the Minority Business Development Agency (MBDA), among numerous others. In summary, 2022 was our most active year advocating in Washington, D.C., on behalf of our member businesses and network of local chambers.

Our goal is to be the leading voice to advance Hispanic business potential to drive America’s future economy. To this end, we have focused our advocacy on behalf of Hispanic-owned businesses, Hispanic Chambers of Commerce, and Corporate Partner Members guided by our “Three Cs”:

1. Capital: expanding

equitable access to capital through traditional and innovative partnerships.

2. Capacity Building: capacity

through programming, training, and new grant investments.

3. Connections:

establishing connections through matchmaking, supplier diversity, and procurement opportunities.

Our professional staff and management team are guided by five core values — what we call the “Five S’s” — that drive our day-today operations. They are:

1. Solvency:

strengthening and expanding our fiscal resources.

2. Strategic:

utilizing our best judgment in representing the interests of America’s 62.5 million Hispanics.

3. Storytelling:

and administration, and in America’s largest corporations.

We as a nation must continue to expand Hispanic businesses’ access to capital, education, and procurement opportunities to unleash the potential of our $2.85 trillion Hispanic GDP into the future. Together, we will create generational wealth in our Hispanic community through education, entrepreneurship, and solidarity. America’s promising economic future will be led by Hispanic businesses — and USHCC will be there to support them every step of the way.

With gratitude,

practicing transparent and clear communications and sharing the powerful impact that small businesses are championing every day.

4. Service Delivery: continuing to provide tangible value to our chambers, Hispanic Business Enterprises, and corporate partners.

5. Stewardship:

mission-driven management in all our operations and programs with a commitment to strong ethics and good governance.

We will continue to strengthen our collective voice as America’s largest Hispanic business organization by advocating on behalf of the Hispanic business community for equity and a seat at the decision-making tables in the U.S. Congress

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Ramiro A. Cavazos President & CEO United States Hispanic Chamber of Commerce

Board of

Directors

Nelson Reyneri Jr.

Jacquelyn Puente

Principal, ESG Practice Point B

Chair-Elect Vice President External Affairs Comcast NBCUniversal Telemundo

Chairman of the Board

Victor Arias, Jr.

Carlos A. Becerra

Ramiro A. Cavazos

Jessica Cavazos

Ernie C’de Baca

Yuri Cunza

Reuben Franco

Sil Gonzalez

Patty Juarez

Rachel Kutz

Managing Director & Partner in Charge DFW Office Diversified Search

Vice President Strategy and Operations Support Toyota Financial Services

President & CEO United States Hispanic Chamber of Commerce

President & CEO Wisconsin Latino Chamber of Commerce

President & CEO Albuquerque Hispano Chamber of Commerce

President & CEO Nashville Area Hispanic Chamber of Commerce

President & CEO Orange County Hispanic Chamber of Commerce

CEO Ford of Ventura, California

Head of Hispanic/Latino Affairs Diverse Segments, Representation, and Inclusion Team Wells Fargo

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Vice President Consumer Supply Chain & Global Logistics AT&T

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Board of

Directors

Juan Carlos Liscano

Robert Martinez

Rosa Navajer

Mayra Pineda

Christine Rice

Alice Rodriguez

Jennifer Rodriguez

Raul F. Salinas

Yammel Sanchez-Ocana

Cesar Vargas

Vice President for Miami, the Caribbean and Latin America American Airlines

Founder and CEO Braven Agency I SMRTS

Principal The Rios Group, Inc.

President & CEO Hispanic Chamber of Commerce of Louisiana

Executive Vice President VisionIT

Immediate Past Chair Retired Executive JP Morgan Chase, Co-Owner of Kendall Milagro, Inc

President & CEO Greater Philadelphia Hispanic Chamber of Commerce

General Counsel Partner-in-Charge Frost Brown Todd

Executive Director Global Procurement Merck

U.S. Chief External Affairs Officer Anheuser-Busch

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Board of Directors USHCC

Educational Fund Monika Mantilla Chair

President & CEO Small Business Community Capital Altura Capital

Ruben Barrales

Carlos A. Becerra

Ramiro A. Cavazos

Daniel Galindo

Juan Carlos Liscano

Betty Manetta

Senior Vice President External Relations Wells Fargo

Vice President Strategy and Operations Support Toyota Financial Services

President & CEO United States Hispanic Chamber of Commerce

Senior Vice President Community Development & Strategy Director Woodforest Bank

Vice President for Miami, the Caribbean and Latin America American Airlines

President & CEO Argent Associates

Jacquelyn Puente

Kathleen Martinez

Chair-Elect Vice President External Affairs Comcast NBCUniversal Telemundo

Senior Director National Strategic Relationship BP

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UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Board of Directors USHCC

Educational Fund Nelson Reyneri Jr.

Alice Rodriguez

Raul F. Salinas

Yammel Sanchez-Ocana

Chairman 501(c)(6) Board Principal, ESG Practice Point B

Immediate Past Chair Retired Executive JP Morgan Chase, Co-Owner of Kendall Milagro, Inc

Executive Director Global Procurement Merck

General Counsel Partner-in-Charge Frost Brown Todd

Rosa Santana Founder & CEO Santana Group

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Senior Executive Corporate Advisory Board (SECAB) as of March 2023 Angie Garcia-Lathrop

Members • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

1st SOS Staffing Inc 3M Science AARP Ally Bank Amazon.com, Inc. American Airlines, Inc. American Fuel & Petrochemical Manufacturers (AFPM) American Petroleum Institute (API) American Red Cross American Retirement Association American Tower Corporation Anheuser-Busch Companies, LLC Apple, Inc. AT&T, Inc. Bank of America Block Boehringer Ingelheim Pharmaceuticals, Inc. Boston Scientific Corporation bp America, Inc. Caesars Entertainment Cargill, Inc. Cellular Telecommunications and Internet Association (CTIA) Charter Communications, Inc. Church Mutual Insurance Cintas Comcast Corporation Comerica Bank ConocoPhillips Company Constant Contact, Inc. Customers Bank CVS Health Corporation Diversified Search Group DoorDash, Inc. DWS Ecolab

Community Affairs Executive

Chair

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Edison Electric Institute (EEI) Edwards Lifesciences Enterprise Holdings, Inc. Experian Exxon Mobil Corporation FICO Fiserv, Inc. Frontier Communications GEICO Google, LLC GSK Guardian Life Insurance Hilton Worldwide Holdings, Inc. Home Depot Instacart Johnson & Johnson JPMorgan Chase & Co. Kyndryl Liberty Mutual Lyft, Inc. Magna International, Inc. MassMutual Mastercard, Inc. McDonald’s Corporation Medtronic Merck & Co., Inc. Meta Platforms, Inc. MGM Resorts International Microsoft Corporation Nasdaq Nationwide Mutual Insurance Company NCTA – The Internet & Television Association Nike, Inc. Nissan North America, Inc. Organon Paychex, Inc.

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Bank of America

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

PayPal PepsiCo, Inc. Philip Morris International (PMI) PNC Financial Services Group, Inc. Point B Raytheon Technologies Corporation Robinhood Service Corporation International (SCI) Shell USA, Inc. Southern California Edison Square Inc. State Farm Symetra Sysco Corporation T-Mobile TelevisaUnivision The Coca-Cola Company The Goldman Sachs Group, Inc. The Kroger Company The Molson Coors Beverage Company TikTok Toyota Travel + Leisure (Wyndham Destinations) U.S. Bancorp Uber Technologies, Inc. United Parcel Service (UPS) USAA USI Verizon Communications, Inc. Walmart Walt Disney Co. Wells Fargo & Company Williams Xero

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Procurement Council Advisory Board

(PCAB)

as of March 2023 Raul Suarez Rodriguez Chair

Members • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

1st SOS Staffing Inc 3M Science AARP Ally Bank Amazon.com, Inc. American Airlines, Inc. American Fuel & Petrochemical Manufacturers (AFPM) American Petroleum Institute (API) American Red Cross American Retirement Association American Tower Corporation Anheuser-Busch Companies, LLC Apple, Inc. AT&T, Inc. Bank of America Block Boehringer Ingelheim Pharmaceuticals, Inc. Boston Scientific Corporation bp America, Inc. Caesars Entertainment Cargill, Inc. Cellular Telecommunications and Internet Association (CTIA) Charter Communications, Inc. Church Mutual Insurance Company Cintas Comcast Corporation Comerica Bank ConocoPhillips Company Constant Contact, Inc. Customers Bank CVS Health Corporation Diversified Search Group

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

DoorDash, Inc. DWS Ecolab Edison Electric Institute (EEI) Edwards Lifesciences Enterprise Holdings, Inc. Experian FICO Fiserv, Inc. Frontier Communications Google, LLC GSK Guardian Life Insurance Hilton Worldwide Holdings, Inc. Home Depot Instacart Johnson & Johnson JPMorgan Chase & Co. Kyndryl Liberty Mutual Lyft, Inc Magna International, Inc. MassMutual Mastercard, Inc. McDonald’s Corporation Medtronic Merck & CO., Inc Meta Platforms, Inc. MGM Resorts International Microsoft Corporation Nasdaq Nationwide Mutual Insurance Company NCTA – The Internet & Television Association Nike, Inc. Nissan North America, Inc. Organon

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Associate Director, Global Economic Inclusion & Supplier Diversity Processes, Operations & Strategy Merck • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Paychex PayPal PepsiCo, Inc. Philip Morris International (PMI) PNC Financial Services Group Point B Raytheon Technologies Corporation Robinhood Service Corporation International (SCI) Shell USA, Inc Southern California Edison State Farm Symetra Sysco Corporation T-Mobile TelevisaUnivision The Coca-Cola Company The Goldman Sachs Group, Inc. The Kroger Company The Molson Coors Beverage Company The United Services Automobile Association (USAA) The Walt Disney Company TikTok Toyota Motor North America, Inc. Travel + Leisure (Wyndham Destinations) U.S. Bancorp Uber Technologies, Inc. United Parcel Services (UPS) USI Verizon Communications, Inc. Walmart Wells Fargo & Company Williams Xero

USHCC

Team Ramiro A. Cavazos

Synthia R. Jaramillo

President & CEO

Senior Vice President Corporate Relations

Evelyn Barahona

Felipe Ugalde

Senior Vice President Educational Fund

Chief Operations Officer

Anthony J. Hinojosa

Jessica Coronado

Vice President for Government & International Affairs

Director of Operations & Board Liaison

Erica Salinas

Fernando Meersohn

Senior Manager of Finance & Administration

Director of Corporate Relations

Veronica De La Torre

Laura Sosa

Monica Alyssa Garza

Santiago Salas Oliva

Senior Manager of Communications

Senior Events Manager

Manager of Procurement

Manager of Government & International Affairs

Maria Fernanda Sierra

Jennifer Barillas

Project Manager

Associate Manager of Hispanic Business Enterprises (HBEs)

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UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Economic

Recovery Data Latinos start more businesses per capita than any other racial group in the United States. (GSB Stanford, MSNBC)

Latinos accounted for 82% of the growth in U.S. labor force participation despite accounting for less than 20% of the country’s overall population. In 2023, it is projected that 1 in 5 workers will be Latino. (McKinsey)

11.5% of Latino entrepreneurs report using a personal credit card to fund a new business or acquire an existing business, compared to 9% of white and Asian entrepreneurs.

(Kauffman Foundation)

The sales that Latino firms generate, versus what they would generate if on par with the average non-Latino business, present an opportunity gap of $1.38 trillion for the U.S. economy.

(The Aspen Institute)

Latinos start more businesses per capita than any other racial group in the United States. Yet, they receive less than two percent of venture capital funding. Forty percent of all Latino-owned businesses are owned by women.

(GSB Stanford, MSNBC)

15.1% of Latino entrepreneurs report that a lack of access to capital negatively impacted profitability, compared to only 8.9% of white-owned businesses.

(Kauffman Foundation)

If the U.S. Latino market of 62 million was its own country, it would be the 8th largest economy in the world and the largest Latino market in the world, larger than Brazil and more than twice the size of Mexico.

(Latino Donor Collaborative)

Immigrants have started more than half (319 of 582, or 55%) of America’s startup companies valued at $1 billion or more. Nearly two-thirds (64%) of U.S. billiondollar companies were founded or cofounded by immigrants or the children of immigrants. (National Foundation for American Policy)

Since the recovery from the pandemic, overall Hispanic unemployment improved from 7.3% in June, 2021 to 3.8% in Sept.

2022. (U.S. Department of Labor) Since the recovery from the pandemic, overall Hispanic unemployment improved from 18.5% in April, 2020 to 3.8% in Sept. 2022.

(U.S. Department of Labor)

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Latino GDP grew 72% faster than non-Latino GDP 2010 and 2018.

(Latino Donor Collaborative) From 2010 to 2018, Latino real consumption grew 133% faster than non-Latino consumption.

(Latino Donor Collaborative)

Hispanics and Latinos are projected to grow from 17% to 22% of the U.S. workforce by 2030. (www.mckinsey.com)

Hispanics and Latinos are projected to grow from 17% to 22% of the U.S. workforce by 2030. (www.mckinsey.com) One out of 10 jobs in America is created by an immigrant.

(National Immigration Forum) The U.S. Latino market is growing its GDP at 8.6%, faster than China or India.

(Latino Donor Collaborative) Latinos have been responsible for 78% of the net new jobs in the American labor force since the Great Recession.

(Latino Donor Collaborative) In February 2020, Latinos accounted for 82% net new growth across the entire U.S. workforce.

(Latino Donor Collaborative)

Surveys in April 2021 found that working from home was not an option for more than 84% of Latinos.

(Economic Policy Institute) At the same time, 66% of struggling Latino entrepreneurs had trouble getting a Paycheck Protection Program loan under the initial stimulus bill. (PBS) In May 2020, nearly six in 10 Latinos (59%) said they live in households that have experienced job losses or pay cuts due to the COVID-19 pandemic, with a far lower share of U.S. adults (43%) saying the same.

(Pew Research Center) As of February 2022, 63% of Hispanic- and 67% of Black-owned businesses were more likely to tap into their personal funds for their businesses compared to 61% of non-minority business owners.

(Brookings Institute)

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The five business sectors most affected by the pandemic generate almost 50% of the revenues of Hispanic- and Latino-owned businesses, and 65% of Hispanics and Latinos work in those sectors.

(McKinsey) Latino businesses were disproportionately impacted by COVID-19 and more than 50% less likely to receive government relief under the Payment Protection Program, compared to whiteowned businesses.

(Stanford GSB & The Latino Business Action Network) In May 2020, more than 25% of Latino entrepreneurs lost significant revenue or shut down the business altogether. (SOMOS UNIDOS US National Latino Survey) Latinos have been the largest contributor to U.S. population growth, accounting for 54% of the growth. By 2060, the Latino population is projected to increase to 111.2 million, or 28% of the U.S. population. (UCLA) Latinos are a rapidly growing labor force — they will make up more than one in five workers by 2030 and one in three by 2060.

(McKinsey) Latinos have rates of intergenerational mobility comparable to the White population and higher amongst low-income backgrounds.

(McKinsey)

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

USHCC - SBA

Community Navigator Pilot Program In 2021, the United States Hispanic Chamber of Commerce (USHCC) was awarded a grant to design, launch and operate the SBA Community Navigator Pilot Program for Technical Assistance and Development of Hispanic Small Businesses, USHCC Navigates Small Business. The USHCC was selected from more than 50 applicants nationwide to manage programs to support minority-owned business development during the pandemic and post-pandemic economy.

The USHCC is the only Hispanic Hub in the navigator network, and all program services are free of charge.

During the two years of this unprecedented effort to support Hispanic and minority entrepreneurs, the USHCC acts as a hub, leading five spokes that are strategically located in areas across the nation with significant concentrations of Hispanic and minority-owned businesses, empowering them to support historically underserved communities:

United States Hispanic Chamber of Commerce (USHCC)

Colorado Hispanic Chamber of Commerce

El Paso Hispanic Chamber of Commerce

Illinois Hispanic Chamber of Commerce (IHCC)

Hello Alice

Latino Business Action Network (LBAN)

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Leveraging a ‘boots-on-the-ground’ approach, the hub and spokes connect small businesses to critical resources and aid in multiple areas, including:

• Establishing a Business • Business Finances • Funding and Access to Capital • Marketing and Branding

• Growing a Team • Government Contracting, Public and Corporate Supply Chains and Procurement • Minority Certification

Program services include readiness and training, webinars, live events, and dedicated bilingual business counseling led by industry experts.

Results & Highlights for Year 1: Program Impact to Date WA

VT MT

ND MN

OR ID WY

WI

UT

AZ

CO

NM

NY MI

PA

IA

NE

NV CA

SD

IL MO

KS

OH

IN

WV

TX

AL

NJ DE MD

NC SC

AR MS

NH MA RI CT

VA

KY TN

OK

ME

GA

LA

AK

FL

Leading states of program sphere of influence

HI

Washington = WA Oregon = OR California = CA Nevada = NV Arizona = AZ Colorado = CO New Mexico = NM Texas = TX Oklahoma = OK Nebraska = NE

Minnesota = MN Iowa = IA Wisconsin = WN Illinois = IL Arkansas = AR Louisiana = LA Mississippi = MS Alabama = AL Florida = FL Tennessee = TN

Opportunity areas.

Kentucky = KY Ohio = OH Indiana = IN Michigan = MI Georgia = GA Virginia = VA Pennsylvania = PA New York = NY Wisconsin = WI Washington, DC = DC

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Delaware = DE Massachussets = MA Maryland = MD North Carolina = NC New Jersey = NJ Nevada = NV Rhode Island = RI

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

+3,387

businesses served

>$80M

>6,611

in grants and loans approved for small businesses

dedicated counseling hours

Total Counseling Hours by Service 3,852 Loan Applications Grant Applications

445

Other Applications (Forgiveness)

45

Disaster Preparedness

42

Credit Counseling/Financial Literacy

18 891

Businesses TA

>10

success stories

403

Contracting

915

Biz Dev TA 0

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

20

1,000 900 800 700 600 500 400 300 200 100 0

%

#Businesses 311

8%

Readiness: we trained

>88.5K customers

21

Other Services Except Public Administration

>66.3K

Other

Transportation and Warehousing

Scientific and Technical Services

Retail Trade

Professional

Health Care and Social Assistance

Construction

Administrative and Support

Accommodation and Food Services

Program Customer Industries

144 477 136 839 199 324 164 184 921

4% 13% 4% 23% 5% 9% 4% 5% 25%

training hours

30%

25%

20%

15%

10% 5%

0%

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Training Demographics 7,700

Veteran Entrepreneurs

8,000

Nature of Assistance Sought

Hispanic Business Owners

8%

Procurement & Certification

4%

Other Services

38,000

Women Entrepreneurs

27%

Business Technical Assistance

Year 2: Year 2 focuses on helping small and minority entrepreneurs to streamline their business knowledge through dedicated business counseling, building their financial frameworks, marketing, and human resources processes to get them ramped up to scale. We’re growing our network of banking and professional service providers, hiring more business advisors and continuing to develop a curriculum of readiness webinars to help MWBEs and HBEs to scale the right way.

As we move on to Year 2, we look forward to amplifying opportunities to share critical business development tools and resources in English and Spanish that reduce costly errors and mitigate delays typical to startups and smaller businesses, helping to pave their way to success and sustainability.

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61%

Access to Funding

USHCC

Programs Toyota

Greening Toyota’s Supply Chain Through the USHCC Green Builds Business Program seeks to offer business coaching on to their suppliers on proven green best practices. The goal is to enable business suppliers’ ability to identify, design and implement green projects that achieve triple bottom line results of lower costs, enhanced human benefits and reduced environmental impacts.

Anheuser-Busch Foundation SUPPLIER READINESS BOOTCAMP The United States Hispanic Chamber of Commerce Educational Fund (USHCCEF) and the Anheuser-Busch Foundation are excited to announce a new expanded partnership to launch a ‘Supplier Readiness Bootcamp’ that supports minority entrepreneurs in navigating the procurement and contracting process. The ‘Supplier Readiness Bootcamp’ program aims to increase supplier readiness by training Hispanic and minority suppliers on important tips and best practices to help strengthen their proposals and their opportunities. Data shows that minorities of color receive less than 2% of all contracting dollars from corporate and federal procurement opportunities.

Avanzar Avanzar (‘Advance’ in Spanish) is an eight-month business accelerator program designed for Hispanic small business owners who are ready to take their businesses to the next level. The USHCC launched this program in 2019 thanks to an investment from Wells Fargo & Company. Each Latina and Latino entrepreneur participates in courses that develop business plans, strategy, and the leadership skills they need 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.

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UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

USHCC

Programs

Grow with Google

Bank of America “In Her Footsteps”

Chamber Leadership Alliance

Launched in 2018 by USHCC and Bank of America, the “In Her Footsteps” podcast hosts dynamic Latina business owners who are helping drive the American economy and creating change in their communities. It provides listeners with information and resources to better run their businesses, while highlighting the contributions of the Hispanic community and Latina businesswomen. This program is proudly sponsored by Bank of America.

The USHCC is one of four partners of the Chamber Leadership Alliance along with the National LGBT Chamber of Commerce (NGLCC), the U.S. Black Chambers, Inc. (USBC), and the US Pan Asian American Chamber of Commerce Foundation. Together, these four organizations co-present the Chamber Leadership Development Program, which consists of virtual and in-person trainings to empower and strengthen their chambers of commerce and employees.

ELEVATE TOGETHER™ ELEVATE TOGETHER™ powered by Round It Up America® is a nonprofit initiative designed to address systemic discrimination and historical racial disparities in business growth and profitability in Hispanic and Black communities. Through a partnership with the USHCC and the National Urban League, the initiative supports Hispanic and Black small businesses with five or fewer employees. The ODPCorporation (parent company to OfficeDepot and CompuCom) is the initiative’s founding partner. The USHCC and the National Urban League are the only two national profit partners leading this initiative with Office Depot.

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In partnership with the USHCC, the Grow with Google program offers free training and tools to help HBEs and entrepreneurs to grow their skills, careers, or businesses. Participants can earn Google Career Certificates and learn job-ready skills in fast-growing fields like IT, project management, data analytics, and UX design. No experience necessary to enroll.

Wells Fargo

Verizon

The USHCC has partnered with Wells Fargo to provide substantial direct funding each year to chambers across the country for programs that strengthen and foster the growth of small business communities. Multiple grants ranging from $5,000 to $15,000 are awarded to select local chambers. These funds support programs that empower female entrepreneurs, promote green energy, and advance diversity and inclusion.

The United States Hispanic Chamber of Commerce (USHCC) announced its plan to help bring a new online curriculum to small businesses across the nation: Verizon Small Business Digital Ready. In partnership with Next Street and Local Initiatives Support Corp (LISC), the Verizon Small Business Digital Ready online curriculum is designed to give small businesses the tools they need to thrive in today’s digital economy, including access to personalized learning plans, coaching from experts and networking opportunities with diverse, industryspecific businesses.

More than 100,000 small businesses closed due to the pandemic, with a disproportionate impact on Latinx and black-owned small businesses.

Verizon Small Business Digital Ready offers businesses support, aiming to enable digital readiness and drive digital transformation through a customized curriculum that accounts for industry, size and interests.

The USHCC is proud to be working with Verizon to reach those businesses most in need of support within the nation.

Comcast Universal Universal Telemundo Enterprises in partnership with the USHCC launched the “Nuestros Negocios” (“Our Businesses”) nationwide campaign under the umbrella of Telemundo’s award-winning platform “El Poder En Ti” (“The Power in You”) .The multiplatform campaign taps into Telemundo’s network, local stations, and digital and social platforms to spotlight small and medium-sized Hispanic-owned businesses impacted by the COVID-19 pandemic and promote their services to help them sustain their businesses through these challenging times.

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UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

USHCC

Programs

Grubhub

Corporate Partner Membership

Lyft up

CPM program provides USHCC Corporate members with access to a vast array of Hispanic Business Enterprises (HBEs), from emerging small ventures to established businesses with revenues of than 1 billion dollars. Our ability to connect USHCC Corporate members to such a broad network of HBEs is facilitated by the network we maintain with our than 200 Hispanic chambers across the country, numerous business matchmaking events throughout the year, and our nationally renowned conferences, including the Annual Legislative Summit and the USHCC National Conference - the largest gathering of Hispanic business owners in America.

The USHCC received two grants to provide vaccine access codes through Lyft through our chamber network, targeting specific high-risk COVID cities.

Consumers could request up to 4four round-trip codes, to allow for rides to and from each of their vaccine dose appointments as well as booster appointments.

Local restaurants need delivery and pickup orders now more than ever. The USHCC Educational Fund is proud to join forces with the Grubhub Community Relief Fund. Customers can donate their change to the Grubhub Community Relief Fund at checkout. Donations go to charitable organizations supporting local restaurants and drivers impacted by COVID-19.

Hispanic Business Enterprise

UPS Unstoppable UPS is committed to keeping Hispanic-owned small businesses moving forward. COVID-19 has impacted small businesses across the board, and the minority and small business community has been especially hard hit. UPS has partnered with the USHCC to keep small businesses moving forward. By making a donation to provide direct assistance to small businesses in need.

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Two-thirds of American jobs are created by small businesses.

Hispanic enterprises are leading this critical growth; starting new ventures at a rate three times the national average. The Hispanic Business Enterprise (HBE) program provides a national platform for Hispanic-owned companies that have scaled and grown beyond the scope of local chambers of commerce. In addition to advocating on behalf of HBEs on Capitol Hill and across the country, the USHCC equips members with resources and knowledge to grow their business by raising awareness bout procurement opportunities and introducing them to a broad network of decision makers in the public and private sectors.

Small Business

Matchmaking In 2022, we united two Hispanic Business Enterprises, Possible Missions & My Business Matches, in a partnership to conduct our three notable USHCC matchmaking events. This partnership has provided a seamless process for our matchmaking events and make our participants familiar with the continuous use of matchmaking technology. Possible Missions uses their “white glove” concierge approach to assist our buyers and suppliers to register and set up their meetings, while the My Business Matches technology allows buyers to select their meetings based on the highest compatible suppliers, allowing for intentional, streamlined, valuable meetings.

Matchmaking highlights: 2022 USHCC Legislative Summit:

> 250

Registered Buyers and Sellers

> 250

business matchmaking meetings

For the first time ever, we launched a virtual procurement roundtable during the Summit, hosting 5 federal buyers and over 208 participants.

Our inaugural Energy Summit, which hosted its first industryfocused business matchmaking session, showed promising results:

>70

registered buyers and sellers 27

75

productive one-on-one matchmaking meetings

Industries: Energy, construction and engineering

60

participants in 2 roundtables

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

Small Business

Matchmaking 2022 USHCC National Conference (Phoenix): We changed the event agenda and increased matchmaking days to two.

527

registered buyers and sellers

>800

business matchmaking sessions 5 virtual roundtables with

300

participants

2,300

unique matches and potential contracting opportunities – a record breaker!

>$250

million in contracts awarded.

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Some of our businesses’ success stories: •Long-time Hispanic Business Enterprise (HBE) Colonial Press was awarded a multi-million dollar business contract with Wells Fargo during our 2022 National Conference.

•New HBE Social Driver received multiple significant contracts and are now doing business with Amazon, Exelon, and AT&T. These contracts have resulted in over $1 million dollars in revenue for the company.

•Latino news outlet NegociosNow also received a significant sponsorship/ funding from Wells Fargo.

2022 National Conference

Impact and Overview

1,500+ registrations

45+ exhibitors Social media reach:

33,000+

Small Business Matchmaking:

127 buyers 400 suppliers 2,268 unique matches 800 total meetings 29

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

2022 Energy Summit

Impact and Overview

250+

registrations

Social Media Reach: 4,500+

2022 Legislative Summit

Impact and Overview

600+

registrations

Business Matchmaking: 250 Meetings and 1,140 unique matches Social Media Reach: 300,000+ 30

USHCC

Corporate Partner Members as of March 2023 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

1st SOS Staffing Inc 3M Science AARP Ally Bank AlvaradoSmith Amazon.com, Inc. American Airlines, Inc. American Fuel & Petrochemical Manufacturers (AFPM) American Petroleum Institute (API) American Red Cross American Retirement Association American Tower Corporation Anheuser-Busch Companies, LLC Apple, Inc. AT&T, Inc. Avis Budget Group, Inc. Bank of America Bitwise Industries Block Blue Cross & Blue Shield of RI Boehringer Ingelheim Pharmaceuticals, Inc. Boston Scientific Corporation bp America, Inc. Bristol Myers Squibb Caesars Entertainment Cargill, Inc. Cellular Telecommunications and Internet Association (CTIA) Charter Communications, Inc. Chevron Services Company Church Mutual Insurance Company

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Cintas Comcast Corporation Comerica Bank ConocoPhillips Company Constant Contact, Inc. Cricket Wireless Customers Bank CVS Health Corporation Denny’s Diversified Search Group DoorDash, Inc. DWS DuPont de Nemours, Inc. Ecolab Edison Electric Institute (EEI) Edwards Lifesciences Emera Technologies, LLC Enterprise Holdings, Inc. ettain group, Inc. Experian Exxon Mobil Corporation FICO Fiserv, Inc. Ford Motor Company Frederick Wildman & Son, Ltd. Frontier Communications GEICO Google, LLC GSK Guardian Life Insurance Hilton Worldwide Holdings, Inc. Home Depot ICIC Instacart Johnson & Johnson JPMorgan Chase & Co. Juul Labs, Inc.

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• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

Kyndryl Lenovo Liberty Mutual Lyft, Inc. Magna International, Inc. MassMutual Mastercard, Inc. McDonald’s Corporation Medtronic Merck & Co., Inc. Meruelo Group Meta Platforms, Inc. MGM Resorts International Microsoft Corporation Molson Coors Beverage Company Municipal Finance & Services Corporation (MFSC) Nasdaq Nationwide Mutual Insurance Company NCTA – The Internet & Television Association NFP Corporate Services Nike, Inc. Nissan North America, Inc. Oncor Electric Delivery Organon Pattern Energy Paychex, Inc. PayPal PepsiCo, Inc. Pfizer Philip Morris International (PMI) PhRMA PNC Financial Services Group, Inc.

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

• • • • • • • • • • • •

Point B Public Private Strategies Public Service Company of New Mexico Raytheon Technologies Corporation Robinhood Service Corporation International (SCI) Shell USA, Inc. Southern California Edison Southwest Airlines Spanish Broadcasting System, Inc. State Farm State Street Bank

• • • • • • • • • • • • •

Strategies 360, Inc. Symetra Sysco Corporation T-Mobile Target Corporation TelevisaUnivision The Coca-Cola Company The Goldman Sachs Group, Inc. The Kroger Company The Molson Coors Beverage Company The United Services Automobile Association (USAA) The Walt Disney Company TikTok

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• • • • • • • • • • • • • •

Toyota Motor North America, Inc. Travel + Leisure Co. (Wyndham Destinations) U.S. Bancorp Uber Technologies, Inc. United Parcel Service (UPS) USI Verizon Communications, Inc. Visa, Inc. Walmart Warner Bros. Discovery, Inc. Wells Fargo & Company Williams Woodforest National Bank Xero

USHCC

National Partners as of March 2023

• • • • • • • • • •

Alianza Americas American G.I. Forum AP Collective ASPIRA Association of Latino Professionals For America (ALPHA) AVANCE Casa de Esperanza Casa Esperanza: National Latin@ Network Colonial Print Congressional Hispanic Caucus Institute (CHCI)

• • • • • • • • • •

Congressional Hispanic Leadership Institute Cuban National Council (CNC) Delaware Hispanic Commission Enhancement Farmworker Justice Friends of the American Latino Museum (FRIENDS) GreenLatinos Hispanic Association for Career Hispanic Association of Colleges and Universities Hispanic Association of Colleges and Universities (HACU)

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• • • • • • • • • •

Hispanic Association of Coorporate Responsibility Hispanic Federation (HF) Hispanic Heritage Foundation Hispanic IT Executive Council (HITEC) Hispanic Marketing Council Hispanic National Bar Association (HNBA) Hispanics in Energy Hispanics In Philanthropy Inter-University Program for Latino Research (IUPLR) Intercultural Development Research Association (IDRA)

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

• • • • • • • • • • • • • • • • • • • • • • •

• • •

L’Attitude Labor Council of Latin American Advancement (LCLAA) Labor Council of Latin American Advancement (LCLAA) Hello Alice Latina Golfers Association Latina Style Magazine Latino Business Action Network (LBAN) Latino Corporate Directors Association (LCDA) Latino Donor Collaborative (LDC) Latino Hotel Association Latino Jewish Leadership Council Latino Justice PRLDEF Latino Restaurants Association Latino Victory Fund Latinx Startup Alliance League of United Latin American Citizens (LULAC) MANA, A National Latina Organization Mexican American Legal Defense and Education Fund (MALDEF) Mi Familia Vota NALEO Educational Fund (NALEO) National Association of Hispanic Federal Executives (NAHFE)z National Association of Hispanic Journalists (NAHJ) National Association of Hispanic Publications National Association of Hispanic Real Estate Professionals United StatesMexico Chamber of Commerce (USMCOC) National Association of Latino Arts and Cultures (NALAC) National Association of Latino Community Asset Builders National Association of Latino

• • • • • • • • • • • • • • • • • •

• • • • • • •

Elected Officials (NALEO) National Association of Latino Independent Producers (NALIP) National Conference of Puerto Rican Women (NACOPRW) National Day Laborer Organizing Network (NDLON) National Gay & Lesbian Chamber of Commerce (NGLCC) National Hispanic Caucus of State Legislators (NHCSL) National Hispanic Coaches Association National Hispanic Corporate Council National Hispanic Council on Aging (NHCOA) National Hispanic Environmental Council (NHEC) National Hispanic Foundation for the Arts (NHFA) National Hispanic Media Coalition (NHMC) National Hispanic Medical Association (NHMA) National Latina Institute for Reproductive Health (NLIRH) National Latina Institute for Reproductive Health (NLIRH) National Latinx Psychological Association National Minority Supplier Development Council (NMSDC) National Partner National Programs Director Hispanic Technology & Telecommunication Partnership (HTTP) National Puerto Rican Chamber of Commerce New America Alliance Presente.org Prospanica Saber Es Poder SCORE SER - Jobs for Progress National, Inc.

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• • • • • • • • • • • • • • • •

Small Business Administration Society of Hispanic Professional Engineers Southwest Voter Registration Education Project (SVREP) The Gill Foundation The Hill The Hispanic Star The Latino Coalition UnidosUS United States Black Chambers Inc. (USBC) United States Hispanic Leadership Institute United States Pan Asian American Chamber of Commerce (USPAACC) US National Commander American G.I. Forum US-Mexico Foundation VotoLatino We Are All Human Foundation Women’s Business Enterprise National Council (WBENC)

What’s

Next?

35

UNITED STATES HISPANIC CHAMBER OF COMMERCE / 2022 Annual Report

What’s

Next?

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What’s

Next?

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@USHCC

@USHCC

@theUSHCC

@USHCC

We have moved to new offices to better serve our members!

750 17th St. NW, Suite 825, Washington, D.C. 20006

Office number: (202) 842-1212