United States Hispanic Chamber of Commerce News Roundup

The United States Hispanic Chamber of Commerce (USHCC) awarded four Local Chamber Grants at the 2018 USHCC Legislative Summit. The USHCC Local Chamber offer program provides local chambers usage of funds every year for existing programs, that strengthen and foster the growth of small company communities. Multiple grants ranging in proportions are awarded to local chambers who continue steadily to serve their associates and local business communities. These funds have supported a number of programs, spanning from empowering internet marketers, promoting green energy, and advancing variety and inclusion.

The Arizona Hispanic Chamber of Business (AZHCC) was awarded a USHCC Local Chamber Give for its thrilling entrepreneurial spirited youth program, “YEA!” (Young Enterprisers Program). “YEA!” can be an after institution program for high school students aimed at expanding business ideas, business programs, helping students art and conduct general market trends, and pitching programs to investors. Also, the program helps students officially unveiling and run their own legal and fully created company, and social movements. Since its beginnings five years ago, the program has been highly successful, significantly buying the business enterprise future of Az.

The Arizona public-school system is currently facing budget cuts and lacks sufficient funds to adequately prepare young entrepreneurs for future years. Seeing the necessity for change, the Az Hispanic Chamber of Business took the initiative to create a much better future for their state. From the establishment and enactment of,”YEA!”, AZHCC is making a pathway for students to display their skills and talents while uplifting the city.

From recognizing the flaws in public areas education to initiating YEA! AZHCC has showcased their genuine investment and commitment to the Hispanic Business community.
THE HIGHER Washington Hispanic Chamber of Business (GWHCC) received an area Chamber Grant for the continuance of its Small Business Tech Assistant Program (SBTA). This innovative program targets neglected commercial corridors in low and moderate-income areas in their region, by pairing business owners with business consultants. These experienced consultants assist Hispanic entrepreneurs by critiquing their business programs and offering one-on-one complex assistance. The consultants work with the business enterprise owners in a number of fields, including but not limited to: licenses and registration planning; access to capital; accounting; financial planning; and legal assistance. This program also connects companies with other local companies like DHCD, DCHL amongst others.

The Tech Assistance Program’s goals are:
o Improve and retain existing smaller businesses
o Guide start-up internet marketers to get started and grow successful enterprises
o Pull more local customers to small independent businesses
o Connect business to qualification opportunities
o Create job opportunities

The U.S. Hispanic Chamber of Business has called an interim president and CEO after Javier Palomarez of Dallas exited the top post on Feb. 13. But it’s unclear if the battle between Palomarez and chamber chairman emeritus Nina Vaca of Dallas will be resolved anytime soon.

Palomarez, who served as the country wide organization’s president and CEO for practically 11 years, was accused of financial impropriety and sexual harassment by users of the chamber late this past year. Relating to a petition filed in Dallas County district judge, Palomarez was “terminated … following a table display by Vaca.” The petition says Vaca alleged “overcompensation” by Palomarez of approximately $1.5 million. Since then, the chamber’s outside counsel said a study had determined that “the salary paid was appropriate, and that the panel [would not take any] further action against Mr. Palomarez.” The chamber has yet to react to a request for touch upon the sexual harassment allegations.

Palomarez and Vaca, however, denies any wrongdoing during his time at the chamber, saying that the allegations stem from an affair gone sour with Vaca, the CEO of Dallas’s Pinnacle Group, who found the alleged financial impropriety as she was reviewing Palomarez’s deal for renewal.

On Jan. 11, Palomarez filed a petition asking for a deposition from Vaca, boasting that she and other people of the chamber and foundation got co-conspired against Palomarez to get him fired with the overcompensation and intimate harassment statements. A court day was initially placed, then canceled. Palomarez’s legal professional managing the petition has not taken care of immediately an inquiry about the petition and whether another day will be place.

The petition paints Vaca as the top of the program, even offering Palomarez’s chief of staff the CEO spot in trade for making a sexual harassment assert against Palomarez. The petition also says that Vaca was chair of the chamber’s payment committee during “the relevant time period starting this year 2010.” Vaca’s camp denies she possessed anything to do with the period where Palomarez was allegedly overcompensated. “Nina Vaca did not approve his reimbursement, and possessed no authority or oversight over it,” Aldous said. “Instead, she was part of an chamber committee that examined his contract and raised questions about any of it, resulting in the chamber investigation.”

Palomarez admits that he ruffled some feathers during his time as president and CEO of the chamber, largely because he was a businessman brought in by Vaca to execute a turnaround strategy for the chamber, which was struggling. In the process he needed some drastic actions, slashing the personnel from more than 30 down to four, he says. He also says he drove corporate and business sponsorships from 20 to more than 265 during his tenure, and cut off financial support from the federal government. He also divided the chamber when he forced for the group to be politically involved, first speaking out against then-presidential prospect Donald Trump and endorsing Hillary Clinton, accompanied by efforts to work with Trump after he won the presidency.

“Enjoy it or not, we’d to truly have a romantic relationship with this president,” he said. “However the plank was incredibly divide … It was a bumpy ride. As were going through those gyrations, you stress and thrust and move the mother board to access where you think we need to be.”