Business & Finance

WASHINGTON, April 4, 2012 /PRNewswire-HISPANIC PR WIRE/-- The United States Hispanic Chamber of Commerce (USHCC) applauds the 2012 National Veteran-Owned Business Association (NaVOBA) 10 Best U.S. corporations for veteran-owned businesses. The prestigious list honors the large corporations that most successfully engage the nation's three million veteran-owned businesses (VOBs) as suppliers.

This year's list of corporations include Booz Allen Hamilton, Comcast Corporation, DynCorp International, Johnson & Johnson, Life Technologies, Lockheed Martin, Mack Trucks, Inc., Novartis Pharmaceuticals Corporation, Rockwell Collins, Inc., and Science Applications International Corporation (SAIC).

"Our veterans and service members are very important contributors to our nation's economy, opening businesses at twice the national average with one in every seven veterans owning their own companies," says USHCC President & CEO Javier Palomarez. "The USHCC applauds the 10 corporations that have enlisted the services of these great companies and we are especially proud to see Comcast and Johnson & Johnson, two corporations that have demonstrated a long history of contracting Hispanic-owned businesses, on this distinguished list."

According to the most recent Census Bureau Survey of Business, the percentage of Veteran-owned businesses under Hispanic ownership doubled from 2002 to 2007. Hispanic veteran-owned businesses now number over 113,000. These businesses employ approximately 141,000 people and account for nearly $25 billion in receipts.

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 combined generate in excess of $465 billion annually. 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 http://www.ushcc.com.

SOURCE United States Hispanic Chamber of Commerce