Western Region Top 5 Asian American Business Award Recipients with the Honorable Willie L. Brown, Jr., event Sponsors from Coca-Cola Company, PG&E, Wells Fargo, Wells & Bennett and USPAACC West Chapter Leadership. CONTRIBUTED PHOTO
SAN FRANCISCO — The top 5 Asian American businesses in the West, with overall revenues of over $100 million, were chosen by US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) Western Region Chapter during a full-house Procurement Connections & Awards Reception at the Wells Fargo Penthouse on October 16.
The Top 5 are among the Western region’s fastest-growing enterprises owned by Asian Americans, with companies reaching an average growth rate of up to 49 percent in the last three years:
Infostretch Corporation, an information technology company based in Santa Clara; Nth Connect Telecom, Inc., a telecommunications company based in San Jose; Triune Informatics, Inc., an information technology consulting and staffing company based in Fremont; Uesugi & Associates, an architectural firm based in San Francisco; and Zero Waste Solutions, Inc., a waste management and recycling company based in Concord.
The revenues and growth rates were verified and ranked by the accounting firm WuHoover & Associates. Wells Fargo, PG&E, Wells & Bennett and The Coca-Cola Company sponsored the event.
“USPAACC is proud to recognize and showcase the continued growth of Asian American-owned businesses across industries, amid the current economic landscape,” said Clyde Wong, USPAACC Western Region Chapter President.
“Our Top 5 winners have shown remarkable accomplishments as contributors to the economic vitality of our business community and as an integral part of the Asian American success story,” Wong added.
To qualify, companies must be owned (at least 51 percent) and managed by one or more Asian Americans (US citizens or permanent residents) and with at least $500,000 in annual revenue in the immediate past three fiscal years of operation. Through direct applications/nominations, selection was determined by percentage revenue growth over the past three years.
Willie Brown Jr., former Mayor of San Francisco and Speaker of the California State Assembly; and Carmen Chu, San Francisco City Assessor-Recorder were among special guests.
The business portion of the program – Procurement Connections – featured Harlan Kelly, General Manager of San Francisco Public Utilities Commission, Stan Lee, Assistant Director, Regional Small Business Programs, U.S. Army Corps of Engineers, South Pacific Region and a panel discussion among Supplier Diversity/Small Business program folks from AT&T, Comcast, CPUC, Google, SFMTA and The Federal Reserve Bank of San Francisco.
Apple, Morgan Stanley, Kaiser Permanente, PG&E, Wells Fargo, BART, DGS, San Francisco Office of Small Business, San Francisco County Transportation Authority, and MBDA were among other corporations and government agencies attending.