Walmart Honored by Hispanic Chamber of Commerce

National Corporation Inducted to USHCC Million Dollar Club

WASHINGTON - The United States Hispanic Chamber of Commerce (USHCC) is pleased to announce the recipient of the 2010 Corporation of the Year Award, Wal-Mart Stores, Inc. Wal-Mart was honored at a luncheon on Friday, September 24th at the USHCC National Convention & Business Expo in Dallas, TX.

Each year, the USHCC selects one corporation as the recipient of the Corporation of the Year Award. Wal-Mart was selected by the USHCC as the 2010 Corporation of the Year Award for its vision, leadership and community involvement across multiple fronts.

“Wal-Mart is a true world leader in terms of corporate responsibility,” said Javier Palomarez, President and CEO of the USHCC. “Our organization appreciates all that Wal-Mart does on a number of fronts including education, environment, small business and workforce development. We at the USHCC are proud to call Wal-Mart our partners – not just because of the nature of the work on which we collaborate, but also because of the breadth of work which they undertake.”

Additionally, the USHCC introduced the Million Dollar Club during the Convention. The Million Dollar Club was created by the USHCC to honor and celebrate the commitment of corporations and their procurement executives who recognize the value of Hispanic Business Enterprises (HBEs).

The honorees ranged from $25 million to over $500 million in spending with Hispanic Suppliers in 2009. Wal-Mart was the sole company honored in the $500 million or more category.

“We understand the value that Hispanic Business Enterprises offer and we know we can make a positive impact in the business community by working with Hispanic-owned companies,” said Theresa Barrera, Vice President, Wal-Mart Supplier Diversity. “Our work with minority and women-owned businesses is vital to providing our customers with the most relevant products and services. We are honored to be inducted into this prominent club. ”

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 nearly 3 million Hispanic-owned businesses in the United States that generate nearly $400 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico.

SOURCE United States Hispanic Chamber of Commerce