WASHINGTON, March 8, 2012 /PRNewswire-USNewswire/ -- Today the U.S. Hispanic Chamber of Commerce (USHCC) announced its support of TransCanada's plans to construct a portion of the Keystone XL pipeline that will extend from Cushing, Oklahoma to Houston, Texas. Scheduled for a mid- to late-2013 completion date, the $2.3 billion pipeline will create approximately 4,000 jobs and transport 700,000 barrels per day to American refineries along the Gulf Coast.
Because TransCanada has contracts with over 50 suppliers across the country, the manufacturing sector will directly benefit from the construction of the Gulf Coast Project. Furthermore, these suppliers employ hundreds of sub-contractors that provide a wide variety of materials and equipment. The USHCC is committed to helping our constituency of Hispanic business owners position themselves as qualified, readily-available suppliers for developments like the Gulf Coast Project.
"As our economy continues to recover, we cannot afford to slow down our pace of job creation through construction and manufacturing that will benefit hundreds of small businesses throughout America," says USHCC President & CEO Javier Palomarez. "The Gulf Coast Project is an ideal plan for business communities, both small and large, to rally behind for its potential to help firms fully realize their marketplace potential," Palomarez adds.
The rising global demand for energy poses many challenges for America: increasing efficiency, developing new supplies, and protecting the environment. The USHCC strongly backs investments in new projects that will help us meet the world's toughest energy challenges. We also support initiatives that create new opportunities in energy production, especially those that lessen American dependence on foreign oil sources. Therefore, the creation of new energy infrastructure, like the Gulf Coast Project pipeline, will help the U.S. access new regionally sourced energy supplies and benefit entrepreneurs with the capacity to provide their services.
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 over 3 million Hispanic-owned businesses in the United States that combined generate in excess of $420 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers and business associations in the United States and Puerto Rico. For more information, visit www.ushcc.com.
SOURCE United States Hispanic Chamber of Commerce