Wells Fargo and California Hispanic Chambers of Commerce Foundation partner to create CHCC Foundation Chamber Stimulus Program

Sacramento, CA - Through the generous funding provided by the Wells Fargo Foundation, the California Hispanic Chambers of Commerce Foundation (CHCCF) awarded five grants of $5,000 each to local Hispanic Chambers as part of the CHCCF Chamber Stimulus Program.  The funds are intended for use with a specific program each chamber sees most appropriate with operational efficiency and effectiveness, community benefit, and long-term program sustainability.  

“We are very grateful to Wells Fargo for their support and leadership of Hispanic businesses and chambers,” said CHCC Chairman, Ken Macias. “The grants being funded by them are designed to provide sustainable innovative programs throughout California that provide capacity building and technical assistance to Hispanic business owners as a whole.  These five grants provide an avenue for community-driven solutions to grow our Hispanic businesses and contribute to California’s economy.”

The five grants of $5,000 each were announced recently during the CHCC’s 31st Annual Convention held in Los Angeles, CA.  The grants were awarded to the Solano Hispanic Chamber of Commerce (Fairfield, CA); the Hispanic Chamber of Commerce of Contra Costa County (Pleasant Hill, CA); the Regional Hispanic Chamber of Commerce (Long Beach, CA); the High Desert Hispanic Chamber of Commerce (Victorville, CA); and, the South San Joaquin Hispanic Chamber of Commerce (Manteca, CA).  

“When we support our chambers, we strengthen our communities and we create an environment where small businesses can thrive,” said  Oscar Cabello, vice president with Wells Fargo Community Development.  “We know that our local chambers are the front line and completely in tune with the needs of business owners.  And those business owners, including the more than 700,000 Latino-owned businesses in California, are the fuel for our state's economic recovery.”

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 10,000 banking stores, 12,000 ATMs, the Internet (wellsfargo.com and wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America.  Wells Fargo & Company was ranked #19 on Fortune’s 2009 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.
Wells Fargo is America’s #1 small business lender (2008 Community Reinvestment Act government data) and a leading lender to women- and diverse-owned businesses.  Through its award-winning online advice library of business resources, including topical videos and webcasts, Wells Fargo provides business owners with timely advice and information to help them succeed financially. For more information, speak with a Wells Fargo banker, visit wellsfargo.com/biz or call the National Business Banking Center at 1-800-CALL-WELLS.

About the California Hispanic Chambers of Commerce
The California Hispanic Chambers of Commerce (CHCC) has a network of over 65 Hispanic chambers and business associations throughout the State of California.  Through its network of Hispanic chambers and business association, the CHCC represents the interest of over 700,000 Hispanic business owners in California.  The CHCC is the premier and largest regional ethnic business organization in the nation that promotes the economic growth and development of Hispanic entrepreneurs and California’s Emerging Businesses.