$70 Million Latino Small Business Commitment To be Featured at Clinton Global Initiative America Conference

USA - English

• Latin America - español

SAN ANTONIO, June 13, 2013 /PRNewswire-USNewswire/ -- The Clinton Global Initiative America (CGI America) will feature NALCAB—National Association for Latino Community Asset Builders' commitment, Inversiones: A Small Business Investment Initiative. This commitment will be featured on stage during the Open Plenary Session titled American Dreams, American Realities: Achieving Economic and Social Mobility for its exemplary approach to addressing challenges in the small business area, and is intended to inspire others in the room to take action. Noel Poyo, NALCAB's Executive Director will state NALCAB's commitment to action at the 2013 CGI America Meeting in Chicago to approximately 1,000 participants and media. To see the official CGI America press release on the event, click here.

WHO:  Noel Poyo, Executive Director, NALCAB

WHAT:  2013 CGI America meeting to be hosted by President Bill Clinton, Former U.S.   Secretary of State Hillary Rodham Clinton, and Clinton Foundation Board Member Chelsea Clinton

WHY: NALCAB, VEDC, Accion Texas, Inc., Chicanos Por La Causa and a national network of nonprofits that provide small business lending and development services, collectively committed to catalyze the creation of 4,000 jobs by supporting the creation and/or expansion of 1,500 small businesses in predominately Latino communities over the next three years (2013 – 2016).

The NALCAB network will achieve this by:

• Providing culturally and linguistically relevant small business development services to 5,000 owners and entrepreneurs;
• Completing $50 million in small business lending (loans above $50,000);
• Securing $15 million in financing for economic development projects in small business districts

WHEN:  Thursday, June 13, 2013 at 10am-11:30 am. The event will be webcast at http://live.cgiamerica.org

WHERE:  CGI America Conference Opening Plenary Session American Dreams,  American Realities: Achieving Economic and Social Mobility will take place at the Sheraton Hotel Ballroom in Chicago

Additional Information:

• Select on-stage announcements will be posted to the CGI YouTube channel after the meeting: http://www.youtube.com/cgivideos
• The CGI Facebook page is http://www.facebook.com/clintonglobalinitiative
• The CGI Twitter account is @ClintonGlobal
• The Twitter hashtag for CGI America 2013 is #CGIAmerica

ABOUT NALCAB: NALCAB—National Association for Latino Community Asset Builders is a national leader and resource for community organizations and public agencies engaged in economic development and family wealth building, particularly in our nation's predominately Latino communities. NALCAB members are experts in implementing responsible, market-based strategies for creating jobs, developing neighborhood assets and building family wealth. For additional information, visit nalcab.org. Follow NALCAB on Twitter @NALCAB and Noel Poyo @NPoyoA. Like us on Facebook at facebook.com/NALCAB.

ABOUT CGI AMERICA: The Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. Established in June 2011 by President Bill Clinton, the Clinton Global Initiative America (CGI America) addresses economic recovery in the United States. CGI America brings together leaders in business, government, and civil society to generate and implement commitments to create jobs, stimulate economic growth, foster innovation, and support workforce development in the United States. Since its first meeting, CGI America participants have made more than 200 commitments valued at $13.4 billion when fully funded and implemented. To learn more, visit cgiamerica.org.

CGI also convenes an Annual Meeting, which brings together global leaders to take action and create positive social change, CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world, and, this year, CGI Latin America, which will bring together Latin American leaders to identify, harness, and strengthen ways to improve the livelihoods of people in Latin America and around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.

Contact: Hilda Bustos
Mobile (210) 215-4031
[email protected]

Para Espanol: Eliana Rodriguez
Mobile (512) 786-2932
[email protected]

SOURCE National Association for Latino Community Asset Builders (NALCAB)