By joining forces, the USHCC Foundation and ITC will develop initiatives for women business owners, leveraging their individual programs to support female entrepreneurs in becoming more competitive in a dynamic global market.
‘The USHCC Foundation is delighted to partner with ITC to empower women business leaders,’ said Chairman Nina Vaca. ‘Latina-owned business owners have a start-up rate six times the national average, making this demographic the fastest growing business segment in the United States. We are proud to continue supporting entrepreneurship among women and look forward to working closely with ITC.’
ITC Executive Director Arancha González said: ‘Women account for one-third of ownership of companies across the world, but fewer of these take part in global trade than those owned by men. Connecting women business enterprises (WBEs) with each other allow them strengthen their capacities and increase their trading networks, and grab a greater share of exports and procurement opportunities. Our partnership with the USHCC will enable more of these WBEs to join forces and trade more and better.’
Strengthened by ITC’s goal to help small and medium-sized enterprises in developing countries trade and internationalize, together with the USHCC and USHCC Foundation’s mission to promote economic growth for over 4.1 million Hispanic-owned businesses in the United States, this collaboration will link women business enterprises (WBEs) with corporations and organizations that actively procure from WBEs.
The partnership will provide women entrepreneurs with training, technical assistance, market development, and exposure to global trade and business opportunities through ITC’s pivotal Women Vendors Exhibition and Forum (WVEF) – an annual convention that promotes networking and mentorship between successful women entrepreneurs and leaders from top multinational and regional companies – as well as through the USHCC’s powerful network of local chambers of commerce and businesses that promotes the growth of American small businesses.
This agreement between ITC and the USHCC comes on the heels of the unveiling of ITC’s Call to Action launched in September 2015, an ambitious program that will connect one million women entrepreneurs to markets by 2020.
By formulating this unique, groundbreaking agreement, the USHCC and ITC will influence, mentor and develop women-owned companies, leveling the playing field to provide equal market opportunities for women and paving the way for revenue generation through technical assistance and access to funding and key procurement bodies in the public and private sectors.