Wells Fargo said it will invest $208,000 in the US Pan Asian American
Chamber of Commerce (USPAACC) Education Foundation for a national
research study of the characteristics and interests among business
owners in the six largest Asian American ethnic groups: Chinese, Asian
Indian, Filipino, Korean, Vietnamese and Japanese. The results will help
the Foundation develop educational initiatives for Asian-American
entrepreneurs and to train and develop the Foundation’s leadership.
“There has never been a study focused on business practices as conducted
by Asian communities within mainstream America,” said Susan Au Allen,
National President and CEO of the USPAACC Education Foundation. “This
investment from Wells Fargo will help us better understand Asian
entrepreneurs in the United States and better serve this fast-growing
and dynamic community.”
“For many years, Wells Fargo has enjoyed a supportive relationship with
the USPAACC Education Foundation,” said Patrick Yalung, regional
president for the company’s Washington region and national spokesperson
for Wells Fargo’s Asian Business Services. “This investment again shows
our support for and commitment to the Asian business community across
America.”
Wells Fargo & Company is a diversified financial services company with
$1.3 trillion in assets, providing banking, insurance, investments,
mortgage and consumer finance through more than 10,400 stores, over
12,000 ATMs and the internet (wellsfargo.com) across North America and
internationally.
Wells Fargo is America’s #1 small business lender in total dollar volume
according to the most recent Community Reinvestment Act data (2007)
and the #1 SBA 7a national bank lender in total dollar volume (2008).
Wells Fargo has loaned more than $39 billion to women, African American,
Latino and Asian business owners since 1995. For more information, speak
with a Wells Fargo banker, visit wellsfargo.com/biz or call the National
Business Banking Center at 1-800-CALL-WELLS.
The US Pan Asian American Chamber of Commerce (USPAACC) Education
Foundation was formed in 1984 as a national non-profit organization
representing all Asian Americans and Asian American-related groups in
business. For the past two decades, USPAACC Education Foundation has
been promoting, nurturing and propelling economic growth by opening
doors to contract, educational and professional opportunities for Asian
Americans and their business partners in corporate America, the federal,
state and local government, and the minority business community.
USPAACC Education Foundation regularly holds Procurement Connections
across the country to address issues that are important to the Asian
American business community. USPAACC Education Foundation also certifies
Asian American-owned businesses and is a unique one-stop shop where
Asian American suppliers increase their contacts and sales, and
corporate and government purchasers diversify their supplier base.
Headquartered in Washington, D.C., USPAACC Education Foundation has a
nationwide presence through its seven regional chapters in Northern and
Southern California, New York, Texas, Georgia, Illinois, and Washington
DC-Virginia-Maryland in the National Capital Area.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5999160〈en
Wells Fargo
Allison Olson, 415-975-6291
allison.olson@wellsfargo.com
or
USPAACC-EF
JP
Torres, 617-933-9629
jptorres@uspaacc.com
