WASHINGTON, March 12, 2018 /PRNewswire-USNewswire/ -- On Wednesday March 7, 2018 America's SBDC President & CEO Charles "Tee" Rowe and Latino Coalition CEO Hector Barreto signed a Memorandum of Understanding (MOU) pledging cooperation between their organizations on behalf of Hispanic small business owners.
The MOU was signed shortly after speeches by President Donald J. Trump and Transportation Secretary Elaine Chao regarding the improvement in the economy and the infrastructure proposal.
"This is an important effort to make sure that the gains Hispanic small businesses have made and the opportunities presented by our surging economy are fully available," said Rowe. "It was exciting to hear the President talk about the gains that have been made in the economy and Secretary Chao talk about the opportunities in the infrastructure proposal. We look forward to working with the Latino Coalition to carry that momentum forward." The MOU obliges the two organizations to collaborate on training and develop mutual events and programs. They will work to expand and enhance each other's efforts to aid Hispanic small business opportunity.
About America's SBDC Network
America's SBDC represents the nation's 63 Small Business Development Centers, a national network of partnerships uniting higher education, state and local nonprofit economic development organizations, private enterprise and government. It is the U.S. Small Business Administration's largest partnership program, providing management and technical assistance to help Americans start, run and grow their own businesses. SBDC clients start a new business every 30 minutes, create a new job every 5.5 minutes, generate $100,000 in new sales every 8.2 minutes, and raise $100,000 in capital every 11 minutes. www.AmericasSBDC.org
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SOURCE America's SBDC