USHCC Foundation and Comcast Kick Off Partnership with DC Event to Be...

USHCC Foundation and Comcast Kick Off Partnership with DC Event to Be Held At the White House

Hispanic Small Business Summit: Mastering the Supply Chain


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Washington, DC–(HISPANIC PR WIRE)–May 21, 2007–The United States Hispanic Chamber of Commerce (USHCC) Foundation together with the Comcast Foundation will kickoff a multi-city tour of professional education sessions focused on mastering the supply chain and building capacity for local Hispanic Chambers of Commerce nationwide. The White House Hispanic Small Business Summit: Mastering the Supply Chain will be held on Monday, May 21, 2007 in the Indian Treaty Room of the Eisenhower Executive Office Building in Washington, DC.

This unparalleled event will bring together representatives from the White House, Minority Business Development Agency (MBDA) of the U.S. Department of Commerce, Tuck Business School at Dartmouth College, Wyndham Worldwide Corporation, Comcast, USHCC Foundation corporate partners, Latino entrepreneurs and local Hispanic Chamber of Commerce executives.

“Comcast is committed to providing Hispanic-owned businesses with the skills and knowledge necessary for success in corporate America,” said David L. Cohen, executive vice president for Comcast and co-chairman of the Comcast Foundation. “Comcast is pleased to support the USHCC Foundation’s Mastering the Supply Chain program and looks forward to continuing to create opportunities for the Hispanic community.”

In March, the Comcast Foundation announced a $300,000.00 grant to the USHCC Foundation in support of the USHCC Foundation’s Procurement University: The School for Successful Suppliers. Through this grant the USHCC Foundation will provide capacity building training to its national chamber executive network in ten key markets to better equip them with the necessary skill sets to assist their membership in leveraging growth opportunities for their companies. Working in collaboration with the Comcast Foundation, the USHCC Foundation will travel to ten key markets in which the training sessions will be conducted. The ten target markets for this effort over the next two years are Chicago, Miami, Denver, Boston, Detroit, Atlanta, Houston, Northern California, Indianapolis and Washington DC.

“With today’s economy growing rapidly, it is imperative that we supply our Hispanic business enterprises with the proper skill sets to increase their economic visibility to become global leaders, said USHCC Foundation President and CEO Frank Lopez. “There are nearly 1.6 million Hispanic owned businesses that generate almost $222 billion in revenue in the United States, and as the fastest growing minority we need to supply the Hispanic Business community with the tools to effectively enhance their chambers and businesses.” “The USHCC Foundation is pleased to partner with the Comcast Foundation on this initiative and we are sure that through the USHCC Foundation’s Procurement University we will supply our executives with the critical knowledge to become key entrepreneurial players.”

The focus of this event and initiative is to build capacity through the local Hispanic Chambers of Commerce and to identify the tactical skills and strategies that will lead them to a high level of mastery of the corporate supply chain.A significant portion of the dialogue being covered will rely on the work undertaken by MBDA and Tuck School of Business at Dartmouth College during 2005 and 2006. This work culminated in the release of the report, Minority Business Enterprises Mastering the Supply Chain: A Perspective during MBDA’s National Minority Enterprise Development Week (MED) Week Conference in August, 2006. The report asserts that minorities, including Hispanic business can become locally, nationally and globally competitive by learning about and mastering supply chain strategies. The thrust of the dialogue and initiative with focus on better understanding the intersecting business partnership possibilities and access points for Hispanic businesses in the corporate supply chain opportunities available with corporations that help drive these local economies.

“In today’s global economy, minority business enterprises are increasingly under pressure to keep their businesses competitive, stated MBDA National Director Ronald N. Langston. “MBEs must strive to become a strategic fir in domestic and global supply chains versus chasing the uncertainty of ‘hit or miss’ procurement opportunities. Understanding the concepts of supply chain management, learning the strategies and tools of customer engagement and mastering the supply chain are essential to success and prosperity in the 21st century.”

For more information on the USHCC Foundation’s Procurement University Initiative and the target markets of such an effort, please call (202) 429-0516 or visit our website at http://www.ushccfoundation.org.

About USHCC Foundation

The USHCC Foundation is committed to the purpose of giving Latino entrepreneurs alternatives for life preparation and life-long learning by developing and implementing initiatives and educational campaigns to awaken and nurture their entrepreneurial spirit. The Foundation leverages corporate and public support to ensure that existing and aspiring Latino entrepreneurs gain access and achieve success in the world of business. Please visit http://www.ushccfoundation.org for more information on the USHCC Foundation.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA, CMCSK) (http://www.comcast.com) is the nation’s leading provider of cable, entertainment and communications products and services. With 24.2 million cable customers, 12.1 million high-speed Internet customers, and 3.0 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content.

Comcast’s content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, VERSUS, G4, AZN Television, PBS KIDS Sprout, TV One, four regional Comcast SportsNets and Comcast Interactive Media, which develops and operates Comcast’s Internet business. Comcast also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia.

About The Comcast Foundation

The Comcast Foundation was founded by Comcast Corporation in June 1999 and is the company’s chief source of charitable support to qualified non-profit organizations. The Foundation primarily invests in programs that work to create a positive, sustainable impact within our communities in the areas of volunteerism; literacy; and youth leadership development. Since its inception, The Comcast Foundation has donated more than $30 million to organizations in the communities where Comcast serves. More information about The Foundation and its programs is available at http://www.comcast.com – click on “About,” then “In the Community.”

USHCC Foundation and Comcast Kick Off Partnership with DC Event to Be Held At the White House