Facts

Situation:

• The US economy is lead by the jobs in the small business and entrepreneurial community.

• California has an 11% unemployment rate.  In some communities, that rate goes up to 40%.

• Over 720,000 Hispanic Businesses in California

• Businesses cannot afford to be taxed out of the recession.

• The administration for the US and California agree that business needs certain items in place to be successful and grow

1. Capacity Building – Technical assistance, to enhance business strategies; adjust for changing industries; prepare for investment; knowledge of contracting requirements; use of technology, etc.
2. Contract Opportunities – Access to agency and corporate requirements and opportunities to bid.
3. Access to Capital – To grow into new technologies; fulfill contracts earned; hire the necessary help.

The California Hispanic Chambers of Commerce is prepared to do something about it.

Solutions:

• The CHCC maintains a network of 65+ Chambers and business organizations and it is growing.  Recently added, Imperial County, Yuba City, and Del Norte. 
  

• The CHCC represents the interests of over 720,000 Hispanic owned businesses.

• Hispanic Entrepreneurs is one of the few growing segments in California and the US.

• If Hispanic owned businesses added only 1 job each, California would not be a victim of this recession.

• The CHCC will utilize its network of chambers to provide an aggressive approach to providing technical assistance (setting up 8 Procurement Assistance Centers), contract opportunities (Information sharing and mentor opportunities), and access to capital (traditional, micro-lending, equity fund development, etc).

• CHCC will partner with state of California and legislature to implement

• CHCC will provide Public/Private partnership to contribute and achieve the above goals.

• CHCC and its members receive no money from the California General Fund.