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Partnership between SBA and Greater Austin Hispanic Chamber of Commerce continue to grow

Release Date: 
Thursday, September 29, 2016
Release Number: 
16-10 SADO
Contact: 
Nina Ramon | 210-403-5920

SAN ANTONIO – The U.S. Small Business Administration, San Antonio District Office and Greater Austin Hispanic Chamber of Commerce formalized its continued commitment to diversified economic empowerment by signing a Strategic Alliance Memorandum.

“This continued partnership with the chamber is a testament of the chamber’s dedication to its small business community,” said Anthony Ruiz, SBA District Director. “And the timing of this renewed alliance couldn’t come at a better time with it being National Hispanic Heritage Month.”

The observance is celebrated from September 15 to October 15, celebrating the histories, cultures and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean and Central and South America.

“It is important to recognize and celebrate the vital contributions Hispanic small businesses have made to this country,” said Ruiz.

According to the latest small business profile provided by the SBA’s Office of Advocacy, there are 2.4 million small businesses in the state of Texas and more than half of these small businesses are Hispanic-owned.

The purpose of this Strategic Alliance Memorandum is to develop and foster mutual understanding and a working relationship between the two organizations in order to strengthen and expand small business development through events such as networking opportunities and training seminars.

Strategic alliances such as this, serve as a catalyst to increase access to the SBA’s services and programs in order to bolster local economic development. In fiscal year 2015, the San Antonio District Office approved over 1,000 loans totaling just over an astounding $500 million.

To learn more about the SBA San Antonio District Office visit, www.sba.gov/tx/sanantonio

 

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