Adolfo Carrión, Jr. has joined the board of directors for the Hispanic Chamber Fund, which has established and administers a loan program for the sole purpose of making low-cost capital available to members of the Hispanic business community in order to support their business growth and expansion needs.
A former New York city council member, Carrión served as Borough President for seven years, until he was appointed as the first director of the White House Office of Urban Affairs Policy by President Barak Obama. In that role, he established the White House Urban Policy Working Group and launched the first interagency review in three decades of the federal government’s engagement with urban areas. He subsequently returned to New York to serve as the New York and New Jersey Regional Administrator for the U.S. Department of Housing and Urban Development. After leaving government service, he founded Metro Futures, LLC, a consulting and real estate firm.
“I am pleased to join an organization whose mission it is to provide entrepreneurs in underserved communities with the opportunity to create and grow their own businesses,” said Carrión. “I have dedicated my career to ensuring that all those who want to succeed are given the tools to do it. Helping the Hispanic Chamber Fund in this endeavor is yet another chance to do just that.”
Launched earlier this year, the Hispanic Chamber Fund is a collaboration between a group of prominent Hispanic business leaders and World Business Lenders, a national alternative business lender. World Business Lenders, serving as advisor, co-sponsor and servicer, has lent start-up financing to the loan program, while working to secure commitments from other sponsors, and offering on-the-job training for loan program representatives. World Business Lenders contributes, at cost, its existing infrastructure to support the implementation and execution of the program.
“Providing economic opportunities to those who need it most has been the mission of the Hispanic Chamber Fund since its launch,” said Doug Naidus, founder and chief executive officer of World Business Lenders. “I am honored that Adolfo is partnering with us to help even more entrepreneurs build and grow their businesses.”
“As we work to expand our mission regionally and nationally, Adolfo’s background will be even more invaluable,” said HCF chairman Carlos Medina. “Latino entrepreneurs who want to grow the economy in their communities will have even more opportunity thanks to our Fund.”