United States Hispanic Chamber of Commerce Applauds Verizon for Backing Immigration Reform

United States Hispanic Chamber of Commerce Applauds Verizon for Backing
Immigration Reform

WASHINGTON,, March 5, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic
Chamber of Commerce (USHCC), the country's largest Hispanic business
association, commends Verizon for supporting bipartisan comprehensive
immigration reform. Yesterday, Lowell McAdam, Chairman and CEO of Verizon
Communications, sent a letter to the U.S. Senate's Group of Eight asking them
to consider the high costs of existing policy. Writing to Senators Bennet
(D–CO), Durbin (D–IL), Flake (R–AZ), Graham (R–SC), McCain (R–AZ), Menendez
(D–NJ), Rubio (R–FL), and Schumer (D–NY), McAdam showed that our country's
broken immigration system stifles human capital, decreases productivity, and
costs the private sector precious resources.

"The USHCC views comprehensive immigration reform as an economic imperative,"
said USHCC President and CEO Javier Palomarez. "I commend Verizon for
underscoring the importance of a sensible immigration policy. As one of the
world's largest telecommunications and technology companies, Verizon has a
unique voice and plays a critical role in our national debate about this

Verizon joins other major American companies, like Coca-Cola, Google, Oracle,
Facebook, Walt Disney, and Marriott, who have also expressed support for
comprehensive immigration reform. A longstanding member of the USHCC, Verizon
is a member of the organization's Million Dollar Club, which recognizes
significant investments in Hispanic businesses. In 2012, Verizon contracted
over $1 billion with minority suppliers and over $250 million with Hispanic
vendors alone, making them one of the country's leading companies in
maintaining a diverse supply chain.

"Passing immigration reform this year will require the support of our
country's leading corporate citizens," said USHCC Chairman of the Board Marc
Rodriguez. "Once again, Verizon has illustrated visionary leadership and
forward-thinking on the importance of the Hispanic business community. We are
thrilled to have them as allies on this issue, and the USHCC is hopeful more
business leaders will follow suit."

About the USHCC

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 across the United States that contribute in
excess of $465 billion to the American economy each year. 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.

CONTACT: Valentina Pereda, USHCC Communications Manager
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