The USHCC Applauds Goldman Sachs on Dina Powell Appointment to Lead Firm's
Urban Investment Group
WASHINGTON, Feb. 4, 2014 (GLOBE NEWSWIRE) -- The United States Hispanic
Chamber of Commerce (USHCC) applauds Goldman Sachs for naming Dina H. Powell
as head of the firm's Urban Investment Group (UIG). Powell's new
responsibilities entail leading Goldman Sachs' social impact effort, a $3
billion initiative that has facilitated loans and equity investments to
revitalize neighborhoods and provided resources to underserved communities
across the nation for the past 13 years.
"The USHCC commends Goldman Sachs' appointment of Dina H. Powell as head of
UIG. Ms. Powell's record at the Goldman Sachs Foundation highlights her
business acumen and philanthropic spirit - two components that are critical to
better serve communities in need," said USHCC President & CEO Javier
Palomarez."Ms. Powell's visionary leadership at the Office of Corporate
Engagement was key to the birth of Goldman Sachs' groundbreaking 10,000 Small
Businesses initiative. The USHCC has been a vocal advocate of this program,
and we look forward to our continued relationship with Goldman Sachs on this
commendable effort which empowers America's small business communities, and
elevates our nation's entrepreneurs."
As part of her portfolio at the Office of Corporate Engagement, Ms. Powell led
the $500 million 10,000 Small Businesses initiative, which hasprovided
valuable resources and trainings in management, access to capital and
innovative solutions to emerging entrepreneurs across the nation. Since its
launch, the program has assisted hundreds of businesses in seventeen major
cities, including Houston, Salt Lake City, New York, Miami, Chicago and Los
Angeles. Over 70 percent of the initiative's graduates have reported increased
revenues in their businesses within six months of completing the training.
"Dina Powell's admirable track record stems back to her time as a public
servant during the Bush administration. Both her work at the State Department
and the White House demonstrated her dedication to underserved communities
across the nation and abroad," said USHCC Chairman Emeritus Nina Vaca.
"Needless to say, Ms. Powell's impact at the Goldman Sachs Foundation will be
felt for years to come, and we look forward to working with her on her latest
endeavor as head of the UIG."
About the USHCC
Founded in 1979, the USHCC actively promotes the economic growth and
development of our nation's entrepreneurs. The USHCC advocates on behalf of
nearly 3.2 million Hispanic-owned businesses, that together contribute in
excess of $468 billion to theAmerican economy, each year.As the leading
organization of its kind, the USHCC serves as an umbrella to more than 200
local chambers and business associations across the nation, and partners with
more than 220 major corporations.
For more information, visitwww.ushcc.com
Follow us on Twitter @USHCC
CONTACT: Valentina Pereda
USHCC Director of Communications
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