REGISTER FOR THE CHCI ECONOMIC EMPOWERMENT SUMMIT
DECEMBER 3, 2019
555 Pennsylvania Avenue N.W.
Washington, D.C., 20001
The Congressional Hispanic Caucus Institute (CHCI) is convening an Economic Empowerment Summit targeting an audience of 250 key stakeholders to address emerging financial and economic empowerment issues, developments, challenges and opportunities, primarily in the financial services sector. The day-long summit is designed to connect Members of Congress, corporate executives, thought leaders, economic empowerment advocates, financial services experts, CHCI program participants, alumni, and other stakeholders with an interest in financial services and economic empowerment for high-level discussions and networking.
For more information on the sessions, select the + symbol in the dropdown menu below or view or digital description on sessions here
Please join us for registration and a networking breakfast. Complimentary pastries, bagels, fruit and yogurt will be provided.
Diversity & Inclusion: Visionary Leaders’ Role in Boosting a New Wave of Latino Leaders in the Financial Services Sector
Marco Davis, CHCI President & CEO
Rep. Ruben Gallego (AZ-07), CHCI Chair
Member of Congress:
Rep. Ruben Gallego (AZ-07), CHCI Chair
Mercedes Garcia, Vice President Community Relations, Global Policy Affairs, MasterCard
Popular business wisdom holds that diversity in a business’s leadership and workforce is key to fostering innovation and boosting performance. However, the financial services industry still chronically lacks diversity, not just along racial and ethnic lines, but also across gender, sexual orientation, ability, and life experiences. Who are the corporate leaders breaking this mold to bring Latino and other diverse leaders into the fold? How did the Latinx, who have reached the industry’s top echelons – from corporate boards to asset managers to executives – beat the odds and how can young professionals follow in their footsteps? How can industry leaders, policymakers and educators recruit and refer promising professionals to thrive in the financial services industry? Join CHCI for a revealing discussion on how the most innovative firms are investing in diversity and inclusion to promote an influx of Latinx talent.
Corporate Social Responsibility – The Financial Services Industry and its Role in Community Development
Session Intro Speaker:
Amilcar Guzman, CHCI Alumni Assoc. National President; League of Women Voters
Member of Congress:
Rep. Jesús G. “Chuy” García (IL-04)
Cid Wilson, President & CEO, Hispanic Association on Corporate Responsibility (HACR)
Dekonti Mends-Cole, Vice President for the Mid-Atlantic, JPMorgan Chase Global Philanthropy
Andy Navarrete, Executive Vice President of External Affairs, Capital One Financial Corporation
Corporate social responsibility (CSR) is a broad term used to describe a company’s efforts to improve society in some way. These efforts can range from donating money to nonprofits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, nonprofits, and employees alike. Join CHCI and corporate leaders in exploring the financial services industry’s current best practices for establishing and maintaining an effective CSR operation, with a special focus on corporations supporting Latinx communities. This panel will look at the path forward – how CSR can evolve to improve results and better cater to the communities’ unique needs. Finally, we will discuss how the Latinx community and nonprofit leaders can collaborate with corporate CSR leaders to effect lasting and positive change in our communities.
Access to Capital for Potential Small Business Owners
Session Into Speaker:
Lissette Flores, CHCI Alumnus, Office of the Controller of Currency
Javier Saade, Founder & Managing Partner, Impact Master Holdings; Venture Partner, Fenway Summer Ventures
Amanda Anderson, Head of Policy and Government Relations, Square, Inc.
Latinos found businesses at higher rates, but disparities in access to capital can dampen even the most ambitious entrepreneurial spirit. The U.S. Minority Business Development Agency (MBDA) reports that minority-owned businesses are less likely to secure a loan than non-minority businesses and, if secured, receive less capital on average. Potential Latinx business owners, who struggle to start or grow their small business with mainstream financing, may face the choice of accruing personal debt or fall victim to predatory options. Fortunately, many lenders, policymakers, and nonprofits are stepping-up to grow alternative financing options, expand Spanish-language and culturally-competent education and outreach, and connect lenders with a promising class of Latinx business owners. Join CHCI, small business experts, and innovative lenders to explore how Latinx leaders are breaking down systemic barriers to access capital and maximizing their potential gains in the business world.
Latinas and the Gender Pay Gap
Session Intro Speaker:
Alejandra Silguero, CHCI Alumnus
Jaclyn Diaz, Congressional Labor Reporter, Bloomberg Law
Cynthia Medina Carson, Founder & CEO, WAGER
Janine Ting Jansen, CHCI Alumnus; Director, People Partner & Planning Lead, Market Intelligence at S&P Global
The impact of the gender pay gap is most felt in the Latino community with Latinas earning an average of 53 cents to every dollar earned by a white male worker. Citizenship status, language barriers, inadequate access to educational opportunities, and responsibilities in traditional homes have served as the primary challenges to a Latina’s earning power but this is all changing. Latinas account for 1 out of 7 workers in the US, serve as the primary breadwinner in over 1.6 million households, and are making serious gains in their purchasing power. This session will discuss ways employers can help close the Latina pay gap and ensure their economic success.
Fintech and Financial Inclusion
John Jones, Vice President, Government Affairs, NAREIT Foundation
Alejandra Velázquez, Director of Public Affairs , Oportun
The rise of financial technology, or “fintech,” means many Americans no longer need to visit traditional brick-and-mortar banks to secure a loan, pay bills, or take charge of investments. Hispanics are the youngest demographic in the nation and spend more time utilizing the internet with smartphones than the rest of the population, making this tech-savvy group able to access financial literacy and investment capital from their smartphones. As a result, fintech firms have a market to reach and convert untapped consumers into loyal customers, using tools like data analytics and artificial intelligence to identify and target their needs and preferences. Significant changes lie ahead for the fintech industry. In 2018, after years of debate, federal regulators moved to charter fintech firms nationwide, speeding expansion while potentially imposing new requirements. What do policy-changes mean for Latino fintech founders, the Latinx consumers who increasingly rely on their services and other stakeholders? Join CHCI to hear from fintech and financial leaders on how Latinx consumers, policymakers, and other stakeholders can weigh in and how fintech can contribute to financial inclusion.
The Future of Latino Wealth
Abigail Golden-Vazquez, Executive Director of the Latinos and Society Program, Aspen Institute
Daniel Navarro, Global Brand Lead, Google for Startups
Data from the US Census Bureau projects that the Latino population will grow from 58.9 million in 2017 to 119 million in 2060, accounting for 30 percent of the US population. Although Latino businesses represent a relatively small percentage of businesses, studies indicate that an increase in Latino entrepreneurship is accompanying Latino population growth. In 2012, there were 3.3 million Latino-owned businesses; by 2014, the number went up to 3.6 million and most recently, the number went up to 4.4 million, contributing more than $700 billion to the economy annually. Today, 13 percent of nearly 28 million businesses in the US are Latino-owned. This session will focus on investment in early stage Latino businesses, expansion of small enterprises, entrepreneurship, technological innovations and their impact on Latino wealth.