The United States Hispanic Chamber of Commerce (USHCC) announced that 35 outstanding corporations were inducted into the Million Dollar Club on Tuesday, September 20th at the 32nd Annual National Convention & Business Expo in Miami Beach.
The Million Dollar Club was introduced as a way to honor corporations and procurement executives who have demonstrated unwavering support for Hispanic Business Enterprises (HBEs) through spending with Hispanic suppliers. This year's honorees, which included several Fortune 500 Companies, invested a minimum of $25 million to upward of $1 billion in 2010.
This year, 10 new corporations were inducted into the Million Dollar Club along with several returning members who were recognized for increasing their spending over the past year.
Corporate inductees include:
Alcatel-Lucent (new) PepsiCo
AT&T Services, Inc. Pfizer
Avis Budget Group, Inc. Shell Oil Company (new)
Bank of America Sodexo (new)
BMW of North America, LLC Southern California Edison
Ford Motor Company Sprint Nextel Corporation (new)
General Electric (new) SUPERVALU Inc. (new)
General Motors Company, LLC Target (new)
Hewlett-Packard The Coca-Cola Company
IBM Corporation The Kroger Company
Johnson & Johnson Toyota Motor
JPMorgan Chase & Co UPS
Kaiser Permanente Healthplan Inc (new) Verizon
Kraft Foods Inc. (new) Walmart
Marriot International Inc Wells Fargo
MGM Resorts International Well Point, Inc. (new)
"The 2011 Million Dollar Club inductees truly understand the value of supplier diversity, and believe in the importance of integrating HBEs into their overall business practices," says Javier Palomarez, USHCC President & CEO. "These corporations have mastered strategic sourcing and procurement policies and have increased opportunities for first- and second-tier Hispanic suppliers around the nation. Their procurement decisions are helping drive small business in America."
About the 32nd Annual National Convention & Business ExpoThe 32nd Annual National Convention & Business Expo is the largest gathering of Hispanic business leaders in America. Join the USHCC, Fortune 500 companies, Hispanic Business Enterprises (HBEs) and local Chambers of Commerce in Miami to connect, strategize and grow. The National Convention takes place September 18th – 21st at the Fontainebleau Hotel in Miami Beach. The USHCC is proud to present Corporate Convention Chair, Chase Bank and HBE Convention Chair, United Data Technologies. For more information about the Convention and a full schedule of events, please visit www.ushccconvention.com .
About the United States Hispanic Chamber of Commerce Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of nearly 3 million Hispanic-owned businesses in the United States that combined generate in excess of $400 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico. For more information, visit www.ushcc.com .