CONGRESSWOMAN NYDIA VELÁZQUEZ NAMED WOMAN OF THE YEAR BY HISPANIC BUSINESS MAGAZINE

CONGRESSWOMAN NYDIA VELÁZQUEZ NAMED WOMAN OF THE YEAR BY HISPANIC BUSINESS MAGAZINE

April issue honors 80 of the nation’s most influential and successful Hispanic women in business, government, and academia.


SHARE THIS ARTICLE

SANTA BARBARA, CA–(HISPANIC PR WIRE)–April 3, 2003–Hispanic Business Inc., publisher of Hispanic Business magazine, announced today that Congresswoman Nydia Velázquez has been chosen as the recipient of the first annual Hispanic Business Magazine Woman of the Year (WOY) Award. To celebrate the achievements of Congresswoman Velázquez and the other women who make up the magazine’s “80 Elite Hispanic Women” list for 2003, a special awards luncheon was held this morning on Capitol Hill in Washington, D.C.

Ms. Velázquez, the Ranking Democrat on the House Small Business Committee, has long served as a fighter for equal rights of the underrepresented and a proponent of economic opportunity for the working class and poor. The first Puerto Rican woman elected to Congress, Ms. Velázquez stands as a harbinger of Hispanic influence in the nation’s capital. She also has positioned herself as one of Capitol Hill’s most outspoken advocates for small and minority-owned businesses since her election to represent New York’s 12th congressional district in 1992.

“Congresswoman Velázquez has been a longtime supporter and champion of Hispanic small businesses,” observes Jesús Chavarría, editor and publisher of Hispanic Business. “With her national influence in both the political and business sectors, Ms. Velázquez is a worthy inaugural recipient of the Woman of the Year award.”

“I am very honored to receive this award,” said Ms. Velázquez. “In Congress, it is so important to me that the voice of small business, including minority-owned businesses, is heard. They are the backbone of the American economy, and women, especially Latinas, are opening businesses in record numbers. There is still much work to be done, but I know they are our future and I will continue to fight for them.”

Since 2001, Hispanic Business has documented the emergent Hispanic female leadership cadre in business, and later education and government. This year, the magazine’s annual Elite Women directory has grown to comprise eight categories. Corporate America still contributes the largest share (30 women), followed by government careerists (10) and education professionals (10). The categories of elected officials (7), nonprofit executives (4), sports and entertainment figures (9), and women of the military (3) make their debut on this year’s list. The final category, Rising Stars, highlights seven women who embody the future potential of Hispanic female leadership.

The April issue of Hispanic Business also features a special report on affirmative action, as the Supreme Court prepares to hear a pair of challenges to affirmative action law that could have dramatic consequences for college admissions policies. Another report, “The Economic Ground War,” examines the economic impact of global political threats on small businesses nationwide. Also in the April issue, a new department, “HispanTelligence Quarterly,” presents worldwide trade statistics and an update on the recent performance of the Hispanic Business Stock Index™ in comparison to the Nasdaq, Dow Jones, and S&P 500 indexes.

About Hispanic Business Inc.

Now in its 24th year, Hispanic Business Inc., based in Santa Barbara, California, is an award-winning publishing and information services company. Hispanic Business magazine, the nation’s leading source of information for and about Hispanic professionals and entrepreneurs, is the company’s flagship publication. Other products and educational services include SúperOnda magazine, HireDiversity.com Career Expos, the annual EOY (Entrepreneur of the Year) Awards Gala, and the Hispanic Business Board of Economists (BOE) U.S. Hispanic Economic Summit. For additional information, visit the company’s Web site at www.hispanicbusiness.com/pr.

Note to editors: To schedule an interview with the Woman of the Year or any of the 80 Elite Women, please contact Stephan West at stephan.west@hbinc.com or (805) 964-4554 x130.

Hispanic Business® and HispanTelligence® are registered trademarks of Hispanic Business Inc. Other product and company names herein may be trademarks of their respective owners.

Ó 2003 Hispanic Business Inc. All rights reserved.

–30–

CONTACT:

Stephan West

Public Relations Associate

805-964-4554 x130

CONGRESSWOMAN NYDIA VELÁZQUEZ NAMED WOMAN OF THE YEAR BY HISPANIC BUSINESS MAGAZINE