The economic model that GJSHCC promotes is simple and it has gained recognition by the US Department of Commerce, the Overseas Private Investment Corporation, EXIM Bank, and the US Hispanic Chamber of Commerce. This model consists of promoting international trade and investment among the members of the GSJHCC. The chamber is managed and operated by small and medium sized business owners on a voluntary basis. Our members participate in training programs to prepare them to conduct business in the international markets. Through their own investment and financial support of the US Government our members become equity owners of investment projects in foreign countries. Our members form corporations in the US to form joint ventures with other small and medium sized businesses in other parts of the World specifically Latin America. Since most of our members are bi-lingual and bi-cultural we are able to form partnerships and create goodwill with our counterparts in other places of the world.
Our Target Market
Our current target market is the $4.3 Trillion economy of Latin America. Although we work with other countries around the world including countries in South East Asia, Eastern Europe, and Africa, our focus is Latin America.
Our Stakeholders
United States Federal Government
Foreign Consulates in the United States
Small and Medium Sized Businesses in the US
Foreign Governments
Associations of Small and Medium sized businesses around the Globe
Our implementation approach
Our implementation approach is simple, we develop relationships locally and internationally with high level decision makers. In the United States our members work directly with local consulates, US commercial services, key decision makers at the EXIM Bank, OPIC and the Millennium Challenge Corporation.
Business Case Illustration - Zacatecas Housing Project
GSJHCC delegation made up of 6 members went on a commercial trade mission to Zacatecas Mexico in July 2009 and met with high level government officials to discuss investment and trade opportunities between businesses in Zacatecas and in the United States.
While in Zacatecas GSJHCC delegation identified two major investment and trade opportunities:
1. Investment in a eco-housing project in Loreto Zacatecas using clean technology from the United States
2. Investment in a distribution facility to centralize the purchase of Zacatecan products under one roof and sell the products in the United States.
The delegation brought back these opportunities to the rest of the membership who was invited to participate as equity owners in the projects. Fourteen people from our membership decided to participate and an executive team was formed to represent the group.
A legal corporation independent of the chamber was formed to develop and execute business plans and fundraising strategies. Some of the strategies that have been used to raise funds are:
1. Create joint ventures with small and medium size Zacatecan businesses to execute the project
2. Develop a business plan to be presented to OPIC, EXIM bank and private investors
3. Develop a sales and marketing team to promote products and projects in the United States market