WASHINGTON, March 12, 2012 /PRNewswire-USNewswire/ -- The US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) is now accepting applications/nominations for its "Fast 50 Asian American Businesses" awards that put the spotlight on the outstanding achievements of Asian American-owned businesses.
To qualify, companies must be owned (at least 51%) and managed by one or more Asian Americans (U.S. citizens or permanent residents) and with at least $1 million in annual revenue in the immediate past 3 fiscal years of operation. The Company President/CEO must be able to receive the Award in person at the ceremony. Through direct applications/nominations, selection is determined by percentage revenue growth over the past three years. Finalists are independently verified by the accounting firm of Ernst and Young.
"We always take pride in highlighting the robust growth of Asian American-owned companies over the years--yet another indicator that through innovation, hard work and ingenuity, Asian Americans are at the forefront as engines of growth and resurgence in our national economy," said Susan Au Allen, USPAACC National President & CEO.
Last year, over $3.8 billion sales and up to 500% growth rate were generated by USPAACC's Fast 50 Asian American Businesses. They represented a wide range of industries nationwide -- supply chain management, healthcare, professional staffing, food wholesale, IT, environmental, green energy, media, etc. -- in eight ethnic groups: Chinese, Filipino, Indian, Japanese, Korean, Malaysian, Taiwanese and Vietnamese.
The final ranking will be officially revealed at the black-tie Excellence Awards Gala & Dinner during USPAACC's flagship event, CelebrAsian Business Opportunity Conference, the only national Pan Asian American business conference in the U.S., on June 4 - 6, 2012 at the Marriott Bethesda North Hotel & Conference Center in Bethesda, Maryland.
CelebrAsian 2012 will feature unique programs to help businesses of all sizes thrive in today's global economy--including USPAACC's signature pre-scheduled one-on-one business matchmaking meetings between suppliers and buyers from Fortune Corporations and Government Agencies.
Kyle McSlarrow, President of Comcast/NBC Universal and Ravi Saligram, CEO of OfficeMax, are this year's Conference Co-Chairs. Marriott International, PepsiCo, and Wells Fargo are the Corporate Co-Chairs.
Deadline for applications/nominations is March 23, 2012.
For further details, contact Janice Tu: Tel (202) 378-1130 / email: janice@uspaacc.com or Mihyun Yun: Tel (202) 378-1133 / email: mihyun@uspaacc.com or visit www.uspaacc.com
For media inquiries, contact JP Torres / Tel (617) 933-9629 or email: jptorres@uspaacc.com
SOURCE US Pan Asian American Chamber of Commerce Education Foundation
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