November 2018 Newsletter

Census News Conference and MOU Signing with The Latino Coalition

 On October 2, National ACE participated in the Census Press Conference hosted by the Latino Coalition. U.S. Secretary of Commerce, Wilbur Ross, was in attendance to deliver remarks highlighting the 2020 Census National Partnerships with key business organizations. The Secretary announced the critical national alliances with The Latino Coalition, the National Black Chamber of Commerce, and National ACE for the upcoming 2020 Census. He emphasized the importance of the Census and how it would allow for a better understanding of the people of our country. The data and statistics derived from the Census could help small businesses and implement pro-growth economic policies. He also highlighted the security and privacy regarding the results of the Census and how they cannot be shared with any other government body including the FBI, IRS, or ICE. Also, in attendance, was Harry Alford, President of the National Black Chamber of Commerce. National ACE also signed a MOU with the Latino Coalition, the leading national non-partisan advocacy organization representing Hispanic businesses and consumers. It is important for us to continue creating new relationships with other minority organizations who work together for same goal.


National ACE attends NMSDC Conference and Coca-Cola Recognized with Supplier Diversity Award 

In October, National ACE attended the National Minority Supplier Development Council (NMSDC) Conference and Business Opportunity Exchange. The event, held in Austin, Texas, attracted more than 6,000 corporate CEOs, procurement executives, and supplier diversity professionals from the top multinational companies, as well as leading Asian, Black, Hispanic, and Native American business owners and international organizations. More than 700 exhibit booths provided the opportunity for corporations and minority business enterprises to showcase their products, services, and solutions. Chief procurement officers and minority business executives also engaged in panel discussions, sessions, and workshops to share best practices, current trends and issues, and practices to increase the value that minority suppliers deliver to its corporate customers.

The Distinguished Supplier Diversity Award was presented to The Coca-Cola Company. ACE Board Member, Terrez Marriott Thompson, accepted the award on the company’s behalf. The company is a total beverage company, offering over 500 brands in more than 200 countries and territories. Coca-Cola encourages their suppliers to adopt diversity programs and goes above and beyond to increase overall corporate supplier diversity. The company is committed to ensuring that minority-owned businesses have access to opportunities throughout all tiers of the supply chain. The company’s goal is to spend $1 billion per year with diverse suppliers. In 2016, Coca-Cola spent $650 million with diverse suppliers, and $675 million in 2017. The Coca-Cola Company also was the 2018 NMSDC Corporation of the Year in Innovation for diversifying one third of their bottler system. Congratulations to Terrez and the Coca-Cola Company!

The Minority Export Firm of the Year was presented to McWong Environmental Technology (MET) founded by President and CEO Margaret Wong. MET is a full-service environmental engineering company that manages more than a dozen active projects to address the toughest wastewater treatment challenges.

The Minority Health Products and Services Firm of the Year was presented to Anpac Bio. The company was co-founded in 2010 by scientists Dr. Chris Yu and Dr. Herbert Yu and is the only liquid biopsy services company fully-commercialized and earning revenue worldwide.

Also in attendance were Henry Childs II, National Director of the Minority Business Development Agency; Grace Lee, President of the Michigan Chamber of Commerce; Michael Chen, President of Asian Inc; and George Mui of MBDA.



National ACE Convenes Board Meeting

On October 12, National ACE held its Board of Directors meeting in Boston, MA. Most Board Members were in attendance, with several more joining us via conference call. All Committee Chairs (or Chair Representative) were able to update the Board on their committee’s work and progress. Board Member, Bill Imada, led the Board of Directors meeting and all Board Members unanimously approved the nomination of its newest Board Member, Chris Law, National Vice President, Asian Initiative, United Healthcare. During the meeting, President Chiling Tongprovided an update on events and strategic partnerships National ACE has formed throughout the year and upcoming future activities.  National ACE also signed a MOU with Asian Entrepreneurship Foundation and Ian So was able to provide updates on the NextGen Program and its Third Annual Conference. The next Board of Directors Meeting will be held in Los Angeles early next year.

ACE Foundation Convenes Board Meeting

On October 12, the ACE Foundation held its final Board of Directors meeting of the year in Boston, MA. Bill Imada led the discussion and provide updates on planned events, strategic partnerships, and committee developments. The next Board of Directors meeting will be in Los Angeles early next year.


AAPI Female Entrepreneurs Reception 

On October 12, National ACE attended the AAPI Female Entrepreneurs Reception held at Pagu in Boston, MA. The event was sponsored by Walmart and hosted by Anna Tsui. The event allowed for an intimate women’s only reception to honor AAPI Female Entrepreneurs. Special guests included Boston City Councilor Michelle Wu. The event was able to celebrate and give recognition for AAPI Female Entrepreneurs and their achievements and successes. Thank you to Walmart for sponsoring the event!

 ACE NextGen Kick-off Reception

On October 12, NextGen held their Kick-off Reception at Google in Cambridge, MA. The reception allowed for many young entrepreneurs to mingle ahead of the third annual conference. Special guest, Ha Nguyen, owner of 7leaves Café was interviewed by Anna Tsui and shared his story to success coming from a less fortunate background. He shared his parent’s expectations for him to be a lawyer and the pressure he felt to succeed. Instead, he decided to step away from the corporate life and start a business of his own. Currently, 7leaves Cafe has multiple locations mostly in California. Thank you to Google for hosting the Kick-Off Reception for NextGen.

ACE NextGen Conference: Origins 

On October 13, NextGen held their third annual conference in Boston, MA. The theme for this year’s conference was “Origins”, bringing together story tellers and coaches in the AAPI community to share their wisdom and knowledge. Keynote speakers included Vanessa Paranjothy, CEO and Co- Founder of Freedom Cups and an Emerging Leader of Singapore supported by the Obama Foundation. The conference featured breakout workshop sessions on Buzz Marketing: How to get Media Mentions provided by Telly Wong; The Social Responsibility of Founders: Creating a Safe and Inclusive Workplace for All by Tammy Cho; Between the Hashtag by Andrew Chau; and Work like an Entrepreneur, Communicate like an Improviser by Courtney Pong. The conference allowed for the gathering of millennial entrepreneurs and small business owners to create relationships and business opportunities. Thank you to Walmart and Southwest for sponsoring the conference! Notable guests included in the picture from left to right: Bill ImadaIan So, Andrew Chau, Terrez Marriott Thompson, Jamie Chung, Chiling Tong, Susan Jin Davis, Mariko Carpenter, Shau Wai Lam, and Joanne Tabellija-Murphy.

Congratulations on the Creation of Apolis

On October 17, RJT Compuquest, RJT Solution Beacon, and RJT Compusolutions announced that the three entities have merged to become Apolis, a $70 million IT staffing and cloud solutions company. National ACE’s Board Chairman, Amar Shokeen founded all three companies and are currently operated by him and his wife, Rita. Apolis is a human-centered ERP, professional IT staffing and managed cloud solutions company that integrates experts into organizations to help solve business challenges. Based in the Los Angeles area, Apolis was able to grow to $70 million by analyzing clients’ needs and evolving the approach to SAP, Oracle, and It and consulting solutions. Congratulations on the merging and creation of Apolis!

TLC Hispanic Heritage Month and Awards Ceremony 

On October 2, National ACE attended the TLC 2018 Hispanic Heritage Month Power Gala Dinner and Awards Ceremony. The event was hosted by The Latino Coalition (TLC) and the small business advocacy group, Job Creators Network (JCN) and was held at the Renaissance Hotel in Washington, D.C. Job Creators Network was founded by Home Depot Co-Founder, Bernie Marcus, and is a national, nonpartisan advocacy and education group for small business owners. The gala brought together over 200 guests to celebrate the many contributions of the Hispanic community to the nation’s job creation and economic growth. The event recognized national and international pioneers who have created businesses that helped shape our economy. Hector Barreto, TLC’s Chairman shared how the Latino Coalition and Job Creator’s Network are deeply vested in helping this nation grow and advance. Congratulations to everyone who was recognized at the event!

National ACE attends Filipino American History Month Celebration

On October 2nd, National ACE attended the 2018 Filipino American History Month Celebration hosted by the National Federation of Filipino American Associations (NaFFAA). This event brought together more than one hundred Filipino American leaders and allies, including Members of Congress, elected officials, dignitaries from the Philippine Embassy, media representatives, as well as community, business, and youth leaders. The event celebrated the distinct history, culture, and contributions of Filipino Americans throughout the United States.


National ACE Participates in White House Call on Opportunity Zone Regulations

On October 24, National ACE joined in on a conference call with the White House and Department of Treasury regarding proposed opportunity zone regulations. This call was regarding an effort to spur investment in distressed communities throughout the country. The Treasury Department certified 8,761 communities in all 50 states with almost 35 million Americans living in these communities that need significant investment opportunities.

Secretary Munchin anticipates that $100 billion in private capital will be dedicated towards creating jobs and improving economic development in these areas and wants Americans to experience the dynamic opportunities being generated by President Trump’s economic policies. This will create sustainable economic growth and foster economic revitalization which was a major goal of the Tax Cuts and Jobs Act.