BAM! at a Glance
- BAM! advocates for the MDHCC’s small and mid-size members and mentors them towards increased business opportunities.
- BAM! facilitates connections between the MDHCC’s larger corporate members and small to mid-size member businesses to provide access to better sub-contracting opportunities for participating members.
- BAM! matches business owners with seasoned MDHCC veterans and senior members for one-on-one mentoring, advocacy, and connections.
BAM! advocates for MDHCC members in accordance with the chamber’s mission “to promote the establishment, growth, prosperity and retention of Hispanic businesses, and those entities and persons that support them in the State of Maryland.” The MDHCC focuses on developing a business network that provides the Hispanic community, and the business community at large, with cohesion and strength. The MDHCC delivers to its members the proven “P’s” to propel businesses towards success: Promotion, Partnerships, Procurement and Participation. BAM! is the MDHCC’s initiative towards these objectives.
The MDHCC offers many opportunities for businesses large and small to promote their products and services inside and outside the chamber. BAM! facilitates this process by assisting members with understanding and maximizing their chamber benefits as well as increasing involvement with fellow members and MDHCC leadership.
Through BAM!, the MDHCC offers opportunities for small business members to connect with corporate sponsors of the BAM! program in order to develop strong business relationships that may lead to contracts and task orders. As such, BAM! Program partnership goals include:
- Facilitating connections between companies of different sizes that encourage mutually beneficial exchange of services and products and enable subcontracting opportunities
- Seeking alliances with organizations of any other ethnicities to advance the cause of the small businesses, and in particular, of those Hispanic-owned businesses in our State.
Through its mentors, BAM! seeks to provide access to procurement opportunities and advice for small business members to increase their involvement in the procurement process of State of Maryland, the City of Baltimore, Prince George’s County, Anne Arundel County and large corporate sponsors. Participation in minority programs, such as MBE and WBE, is extremely helpful to our small business member companies in seeking sub-contracting opportunities.
In order to be eligible to participate in BAM!, small to mid-size Hispanic businesses must have been MDHCC members for at least one year and must remain in the BAM! Program for at least two years. This enables participants to maximize opportunities to work with their mentors on their internal business processes in order to eventually improve the outcome of their products and services. The timeline also ensures reliable monitoring and evaluation of the program’s success.
BAM! matches business owners with seasoned veterans and senior members of the MDHCC for one-on-one mentoring, advocacy, and connections. Mentors are volunteers from various entities and organizations that have developed cooperative relationships with MDHCC members.
The MDHCC has developed business relationships with some of the best and largest companies in Maryland. These companies not only play a critical role in fueling the state’s economy, but as corporate members generously contribute to our Chamber’s wellbeing through sponsorship and support. Additionally, many of them participate in our Business Advocacy and Mentorship Program (BAM!) for the purposes of identifying potential vendors and service providers among our small business members to help them grow and prosper. Sub-contracting to Hispanic-owned businesses is our shared goal.
To that end, the MDHCC works closely with its corporate members and their contracting program officials to mutually design a systematic approach to determine how we can best match our members’ capabilities with the entities’ needs.
Hispanic Member Companies/Mentees
The MDHCC matches small business owners with seasoned professionals in a related field for one-on-one mentorship. Mentees benefit from the experience and individualized guidance of their mentor, with whom they will meet several times a year for discussion of business processes in need of improvement as well as follow-ups. Mentees may also attend several workshops and skills refinement opportunities as applicable. Progress reports for participants will be forwarded to the BAM! Committee.
Via our BAM! initiative, this is our first session of the NEW MDHCC Roundtable. This session will be an informative session for members and non members. These meetings will provide noncompeting CEO’s, founders and business owners with the opportunity to discuss your business challenges and potential opportunities with other experienced colleagues.
In partnership with Wells Fargo, the United States Hispanic Chamber of Commerce (USHCC) awarded MDHCC’s BAM! project a $5,000 grant in 2017 to fund some of BAM!’s activities. In their press release about these prestigious grants, the USHCC explains that the USHCC Foundation awards grants to “chamber members who have demonstrated an enduring resolve to support local Hispanic business in their development and success in innovative ways.” MDHCC’s BAM! program is the culmination of the Chamber’s more than thirty-years of commitment to serve local Hispanic businesses. Headed by MDHCC’s co-founder, Gigi Guzmán, BAM! links the Chamber’s original mission to promote the establishment, growth, prosperity and retention of Hispanic businesses with a very hands-on, customized and strategic approach to business matching.
The MDHCC is currently seeking funding, partnerships and mentorships from current and new Corporate Sponsors to assist with BAM!’s implementation. For more information, please visit www.mdhcc.org or email Gigi Guzmán, Chairwoman, at email@example.com.