May 24, 2011 â€“ Credence CEO and President, Mr. Sid Chowdhary, was honored by the US Pan Asian American Chamber of Commerce (USPAACC) at the Excellence Awards Gala, at USPAACCâ€™s flagship CelebrAsian Business Opportunity Conference, at the Millennium Biltmore hotel in Los Angeles.
Credence Management Solutions was named as one of the Fast 50 Asian American Businesses by the US Pan Asian American Chamber of Commerce Education Foundation. The growth rates were independently verified, ranked, and officially revealed by Ernst and Young at the Gala Dinner.
“We feel fortunate to maintain a strong growth rate over the past 3 years in the current economy, and we are honored by this recognition,” said Mr. Sid Chowdhary, who is also the founder of Credence.
“USPAACC has been proud to recognize and showcase the continued robust growth shown by Asian American-owned businesses across industriesâ€”even during challenging economic times,” said Susan Au Allen, USPAACC National President and CEO. “We congratulate Mr. Sid Chowdhary and Credence Management Solutionsâ€”proof positive that through innovation, hard work, and ingenuity, Asian Americans can effectively compete in the mainstream and remain at the forefront as catalysts to the revitalization of our national economy.”
Over $3.8 billion sales were generated by USPAACCâ€™s 50 Asian American businesses in 2010, with companies recording a growth rate of over 500% in the past three years. They represent a wide range of industries nationwide â€” supply chain management, healthcare, professional staffing, food wholesale, IT, environmental, green energy, media, etc. – in at least eight ethnic groups: Chinese, Indian, Japanese, Korean, Malaysian, Philippine, Taiwanese and Vietnamese.
ABOUT USPAACC: Founded in 1984 as a non-profit and non-partisan organization, USPAACC is the single unified voice for equal opportunity for Asian American businesses. We promote and propel economic growth by opening doors to business, educational and professional opportunities for Asian Americans and their business partners in corporate America, government at the federal, state and local levels, and the small and minority business community. For 25 years, USPAACC has served and will continue to serve as the gateway to large corporate and government contracts, top-caliber Asian American and small and minority suppliers, key information about Asian Americans and business opportunities in the dynamic Asia-Pacific market.
ABOUT CREDENCE: Credence Management Solutions is a fast-growing 8(a)/SDB company, based in the District of Columbia. Credence is based on three values: Trust, Partnership, and Success. Credence provides management and technology consulting, strategy, business transformation, and advisory services to government agencies.