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Hispanic Chamber of Commerce Montgomery County’s statement on the New Montgomery County Economic Development Corporation

 

 

Hispanic Chamber of Commerce Montgomery County’s statement on the New Montgomery County Economic Development Corporation

 

 The Hispanic Chamber of Commerce of Montgomery County (HCCMC) congratulates the new board members to the newly established Montgomery County Economic Development Corporation. The HCCMC looks forward to working closely with the new organization to ensure the needs and priorities of Hispanic businesses, particularly the growing number of Hispanic owned small businesses, are met.  We will be carefully reviewing this inclusion as the board makes decisions in selecting leadership and key personnel.  The lack of representation at the Board level of Hispanic owned small business is concerning to us, because it is a very important factor in the economic development in this County in particular, and in the ability to inspire and motivate youth as they seek careers and futures in a very diverse community.  Hispanic representation in the new body is extremely important.  Equally important, the HCCMC urges a strong focus on supporting the growing number of Hispanic-owned small businesses which are fundamental to our growth as a county and as a community.The Montgomery County Economic Development Corporation board is comprised mainly of large business representatives from key economic sectors, surely intended to bring the influence necessary to attract and retain investment in the region.  Even though Hispanic small business representation is blatantly absent, it is our hope that the Board will be mindful of ensuring new opportunities for Hispanic-owned suppliers and the contracts let to larger businesses will require such participation. 

The HCCMC is concerned that the large business focus evidenced by the representation on the Board may result in under-valuing the relevance of the growing number of small businesses in the county.  We hope the newly established Montgomery County Economic Development Corporation will build on the great strides made by the County for small business inclusion in procurement and in policies, and that the Board will be mindful of the relevance and importance of programs and policies that provide fair access to opportunities and not unduly burden small businesses, particularly minority owned small businesses, with administrative paperwork and costly processes that discourage fair competition.  Many of our constituent businesses are experiencing rapid growth and contribute greatly to innovation and prosperity in the community. We look forward to working with you to achieve goals of mutual interest.

 

The Hispanic Chamber of Commerce of Montgomery County (HCCMC) is the Gateway to Hispanic Business in Montgomery County, Maryland. Established in 1998, and with a growing membership and sponsor network, the HCCM is an IRS 501c (6) nonprofit business organization. Multiple programs support the growing community of Hispanic business and those who serve the Hispanic market in the county.