Representatives from the Wells Fargo Foundation announced Thursday, September 25, a new grant for $250,000 to the U.S. Hispanic Chamber of Commerce Foundation (USHCC Foundation) to continue efforts to build the capacity of Hispanic Chambers of Commerce. The new grant will build on activities started in 2007 by the USHCC Foundation. Those previous activities were funded by a grant from the Wells Fargo Foundation to identify the needs of local and regional Hispanic Chambers of Commerce. The announcement was made during the U.S. Hispanic Chamber of Commerce’s 29th Annual National Convention and Business Expo.

The recently completed first-phase grant activities included a survey and research that have identified several priority areas for the Hispanic business community. According to the survey, local, regional and statewide Hispanic Chambers of Commerce seek training and resources to strengthen governance and administrative functions. Additionally, the research found that Hispanic businesses are in need of capital to begin, grow and expand their companies, an issue of particular importance in the current economic climate.

"The USHCC Foundation is committed to the advancement of the Hispanic community’s economic development and entrepreneurship skills,” said David C. Lizárraga, Chair of the Board for the USHCC and USHCC Foundation. "This new Wells Fargo Foundation grant will support our proactive strategies to empower Hispanic-owned businesses and help expand the reach of Hispanic Chambers of Commerce.

Wells Fargo Foundation Provides $250,000 Grant to Empower Hispanic Chambers of Commerce.

This entry was posted on Monday, September 29th, 2008 at 3:56 pm and is filed under Capacity Building, Community Development, Grants Awarded. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.