December 2018 Newsletter

National ACE Co-Hosts the 2018 National AAPI Leadership Summit at the White House 

 

On November 13, the White House Initiative on Asian Americans and Pacific Islanders (WHIAPPI), Minority Business Development Agency, and National ACE hosted the National Asian American & Pacific Islander Leadership Summit. It was held at the Eisenhower Executive Office Building and served to bring AAPI leaders from three sectors; Corporate, Federal Government, and the AAPI Business Community together to learn and advocate for each other. The goal of this year’s summit was to address the issues behind the “Lack of AAPI representation at the senior executive level” by engaging senior executives from private and public sectors to discuss strategy on how to overcome these challenges. The Summit allowed for break out discussions which focused on 1) Business and Workforce Development, 2) Education and Career Development, and 3) Civic and Community Engagement. National ACE’s Board Chairman, Amar Shokeen, provided welcoming remarks and Mariko Carpentermoderated the discussion on success stories and experiences from Federal government and corporate executives. Karen Eng also facilitated a large group discussion from each break out group and Shau-Wai Lam was also in attendance at the Summit. ACE NextGen’s Andrew Chau, John Victoria, and Kenneth Ma as well as our MOU partners, Asian Inc, Grace Lee, and My Lan Tran were also able to attend the summit. Also, in attendance was the Solicitor General, Noel Francisco. The keynote speaker of the Summit was Henry Childs, National Director at MBDA and panelist speakers included Victor Parker, Deputy Associate Administrator of SBA; Guo Xing Chai, Senior VP at HSBC; Madalene Xuan-Trang, President and CEO of the Asian Pacific American Institute for Congressional Studies (APAICS).
 

  

 

National ACE Featured at Congressional Panel on Small Business 

 In November, National ACE was a featured panelist at a Congressional Panel on Capitol Hill with the other members of the Small Business Roundtable (SBR). Members were able to discuss the state of small business in America and unveiled the results of SBR’s post-election small business poll. Some questions on the poll included questions about demographics, small business policy, small business outlook, political outlook, and congressional changes impact. Key results from the poll include: healthcare is the #1 concern for small business owners, with 31% of respondents listing healthcare as the top policy issue they wanted to address in the new Congress. 50% of the respondents also believe that the new Congress will hurt their small business and 43% of respondents believe the results of the midterm election will have a significant impact on how Congress operates. The luncheon also allowed for attendees to engage the leaders of the Small Business Roundtable in a panel discussion. Notable guest speakers included U.S. Senator and Senate Committee on Small Business and Entrepreneurship Ranking Member Ben Cardin (D-MD), U.S. Representative and House Small Business Committee Chairman Steve Chabot (R-OH), U.S. Representative and House Small Business Committee Ranking Member Nydia Velazquez (D-NY), and Deputy Assistant to the President, Stephen P. Munisteri.


 

 

ACE NextGen DC Hosts Roundtable Meeting

In November, ACE NextGen’s DC Chapter hosted its first Business Breakthrough Roundtable. The event allowed for young business owners and entrepreneurs to come together and identify top business challenges and how to come up with solutions to these issues.  Some of the biggest challenges and issues these business owners and entrepreneurs found were how to remain “relevant” in constantly changing business environment and also not “selling yourself short” when it comes to the value each member brings to the table.The event was sponsored by DAWN Design studios, a global creative agency specializing in startups, small businesses, and social impact. 
The session was led by Rebecca Lee of DAWN Design Studiosand John Victoria of Polianna SEO.If you are an entrepreneur in the DC, Maryland, and Virginia area interested in being a part of more local events for millennial AAPI entrepreneurs, please e-mail dc@acenextgen.org.
 
 

National ACE Attends SBR Meeting

At the end of October, National ACE attended the Small Business Roundtable (SBR) Leaders’ Meeting. The meeting was held in preparation the upcoming November 15th Small Business Hill Event on Capitol Hill. Details regarding the small business poll questions and the distribution of the polls were finalized. Welcoming remarks were given by Todd McCracken, NSBA President and Karen Kerrigan, SBR Chair. Guest speakers included Allen Gutierrez, Associate Administrator, Office of Entrepreneurial Development, Small Business Administration; Kelly Rzendzian, Special Advisor to Secretary Wilbur Ross, Office of Business Liaison, Department of Commerce; and Brian Pomper. Partner, Akin Gump.
 
 

 

National ACE Attends Meeting with WHIAAPI and MBDA

 
In November, National ACE attended the final meeting with WHIAAPI and MBDA ahead of the 2018 AAPI Leadership Summit. Much of the meeting revolved around finalizing details about the Summit regarding the guest list, agenda and speakers, and the logistics planning. Thank you to WHIAAPI and MBDA for the dedication and planning for a successful Leadership Summit!
 

 National ACE Attends the Taiwanese Chamber of Commerce Launch Reception
 

In November, National ACE attended the Launch Reception for the Taiwanese Chamber of Commerce (TACC). The event featured a panel discussion entitled “The Future of U.S.-Taiwan Trade Relations” and speakers at the event included Hector Barreto, Clark Packard, Shihoko Goto, Nova J. Daly, Wiley Rein, and Neil Hare.

TACC offers mutually beneficial opportunities for Taiwanese and American businesses, as well as member resources for economic development, an influential voice with legislative decision makers, and networking opportunities to meet and communicate with potential business prospects.
 

 
 

ACE Board Member, Mariko Carpenter Delivers Keynote Speech
 

In November, Board Member, the Asian Chamber of Commerce held their 28th Annual Spirit of Entrepreneurship Awards Gala at the Royal Sonesta Hotel in Houston Texas. ACE Board Member, Mariko Carpenter from Nielsen provided the keynote speech and board member Chris Law was also in attendance.

 

National ACE Attends a Special Advance Screening of The Grinch

In November, National ACE attended the special advance screening of The Grinch, invited by David L. Cohen, Senior Executive Vice President and Chief Diversity Officer, Comcast NBCUniversal. The movie will be released on November 9, 2018. Thank you to Comcast for the invitation!
 

 

Farewell Meeting with Floyd Mori 
 

Floyd Mori was the President and CEO of the Asian Pacific American Institute for Congressional Studies (APAICS). He previously served as the National Executive Director and CEO of the Japanese American Citizens League (JACL).

He has received numerous awards for his services and has volunteered with political groups, youth sports, inner city projects, and church work.

He will be relocating to Utah and will assist National ACE in creating relationships with the Utah Chamber of Commerce. He also invited Chiling Tong to participate in a JACL event in Utah next spring.

This was his last day in DC as he will be driving across the country, ending up in Salt Lake City, Utah. Thank you for your leadership all these years and best of luck in Utah!


 


National ACE attends NAAAP 2018 Leadership Conference: IGNITE

In November, National ACE attended the National Association of Asian American Professionals (NAAAP) 2018 Leadership Conference: IGNITE. NAAAP is a pan-Asian, pan-professional non-profit organization that empowers Asian & Pacific Islanders leaders through professional development, community service, and networking. This year’s conference, IGNITE, focused on the unity of community, to create connections in the form of mentorship, sponsorship, and passing on knowledge.
 
This year’s conference allowed attendees to listen to speakers from varying fields and concentrations that provided for diverse perspectives. The topics for the educational workshops and keynote speakers included “What I wish I knew in my 20’s and 30’s”, work values, cross-cultural communications, and mastermind breakout sessions.  

 

National ACE Joins White House Economic Call on Michigan

In November, National ACE participated on a conference call with Larry Kudlow, Director of the White House National Economic Council. Director Kudlow and CEA Chairman Kevin Hassett, discussed how President Trump’s economic policies are affecting Michigan families, workers, and employers.
 
Michigan has demonstrated strong economic growth in the past year, with increases in wages and a growth in mining, logging, and construction employment. The Tax Cuts and Jobs Act that was signed by President Trump last year is estimated to result in a 7.1 percent increase in income for Michigan’s average household. The unemployment rate in the state has also decreased to 4.1 percent, a 1.2 percentage point decrease since the election of President Trump. This is the lowest rate since 2000. The monthly initial claims for unemployment insurance have also fallen over 23 percent since President Trump was elected and is the lowest level in recorded history.
 

National ACE’s Tracey Doi and Thear Suzuki Co-Host 2020 Women on Boards National Conversation on Gender Diversity

In November, National ACE’s Board of Directors, Tracey Doi and Thear Suzuki, co-hosted the 2020 Women on Boards National Conversation on Gender Diversity in Dallas.  The Conversation focused on how to accelerate the progress for women in the boardroom beyond 16% and how one way to achieve that is to build a strong pipeline of talent. The 2020 Women on Boards is a national campaign to increase the percentage of women on U.S. company boards to 20% or greater by the year 2020.
 
 


 


National ACE Participates in Opportunity Zones Webinar

In November, National ACE participated in an Opportunity Zones webinar provided by Public Private Strategies (PPS). The webinar was regarding the Opportunity Zones legislation in the recent Tax Cuts and Job Act of 2017. Opportunity Zones offer investors three incentives for putting their capital in these economically distressed communities: temporary deferral, tax liability reduction, and a tax exemption. The three major components to Opportunity Zones are investments, funds, and zones. The way state and local governments can lead is by engaging with the local community to determine needs and develop an investment plan for the zone as well as incentivizing investments geared toward high social benefit. Moving towards the future, by the end of 2018, the IRS and Treasury will release further guidance on Opportunity Zones. In 2019, the bulk of funds will be capitalized and investments will start to flow. In 2020 and 2021, funds should reach 90 percent thresholds and the first real picture of impact should be seen.