Robert Dominguez Jr., founder and CEO of Ambreco Inc., a multimillion-dollar general contracting firm, was last night chosen as the 2004 Entrepreneur of the Year by Hispanic Business Magazine.
Mr. Dominguez, who founded Ambreco in 1992, was also chosen as the Entrepreneur of the Year for Heavy Industry, one of five categories receiving awards at the 14th annual Hispanic Business EOY (Entrepreneur of the Year) Awards Gala at the Millennium Biltmore Hotel in downtown Los Angeles.
In his entrepreneurial role, Mr. Dominguez has applied advanced education and financial experience to a lifelong family history in concrete construction to develop a thriving, vigorous company. His Belton, Texas-based firm today participates actively in the Small Business Administration's 8(a) development program, as well as state and municipal contracting, and handles all phases of military construction for clients including the Navy, the Air Force, the National Guard, and the U.S. Departments of Agriculture and Veterans Affairs.
Ambreco has been recognized as one of the Top 100 Fastest Growing Hispanic Companies in the nation by Hispanic Business, and between 2002 and 2003 more than doubled its revenues to rank No. 354 on the Hispanic Business 500 directory of largest Hispanic-owned companies in the country.
Ambreco's success has garnered Mr. Dominguez the 2003 U.S. Small Business Administration's award as Minority Small Business Person of the Year for the Dallas/Fort Worth District. He also has been nominated to receive the Dallas Hispanic Chamber of Commerce's Businessman of the Year award, and has served three terms as a Belton City Councilman.
For the top Hispanic Business EOY Award, Ambreco was selected from among hundreds of nominations and evaluated by a panel of judges at the certified public accounting firm of Macias Gini & Co. The accountants at Macias Gini & Co. rated each finalist company on four criteria: Financial Performance, Management Practices, Employee Development, and Encouragement of Entrepreneurship. Based on the judging by Macias Gini, Hispanic Business presented the category winners and overall winner for the Entrepreneur of the Year Awards.
For the top honor, the EOY judges noted Ambreco's unique competitive advantage, as well its use of technology: The company's Web site offers a variety of client-friendly features including real-time photos of construction sites. Ambreco's problem-solving use of technology demonstrates the company's "ingenuity in commitment to the customer," the judges noted.
Other 2004 EOY winners include: • Latina Entrepreneur: Gloria Peña of Innovations Group, an Arizona-based provider of technical, management and employment services. • Infobusiness: Nina Vaca of Pinnacle Technical Resources, with core competencies in enterprise data warehousing, custom application development, and call center technologies. • Rising Star Entrepreneur: Leeanna Román of Providence Pediatric Medical Daycare, a New Jersey business that surpassed $3.6 million in sales in 2003. •Trade Industry: Jorge and Carlos de Céspedes of the Pharmed Group, the largest minority-owned distributor of medical pharmaceutical supplies in the United States.
Hispanic Business last night also presented its second-annual Lifetime Achievement Award. Honoring the pivotal role of academia in entrepreneurial evolution, this year's award winner is Marta Tienda, professor of Demographic Studies in the Department of Sociology and Public Policy at Princeton University.
Nearly two decades ago, Dr. Tienda published one of her first books "Hispanics in the U.S. Economy," an early work on occupational structure. Since then she has continued to publish numerous studies, including more than 100 scholarly papers on Hispanic employment, entrepreneurship, youth, culture, and the passage of wealth between generations. More recently, her research has shifted to the consequences of admission policies on minorities in higher education.
In addition to her prodigious academic achievements, she works tirelessly to better her community through the advancement of public policy and philanthropy. She has served on the boards of the Center for Migration Studies, the Russell Sage Foundation, and the Kaiser Family Foundation. Currently, she serves on the influential boards of the Federal Reserve Bank of New York and the Carnegie Corporation. She also has worked with the Ford Foundation, the Rockefeller Foundation, and the Guggenheim Foundation.
Past EOY Winners
•EOY 2003, Marcelo Claure of Brightstar Corp. •EOY 2002, John Lopez of Lopez Foods •EOY 2001, Juan "Jack" Mencia of Cube Corp. •EOY 2000, Robert Rivera of Spectrum Communications
2004 EOY Keynote Address: Financing the Next Demographic Wave
Inside the EOY 2004: •Hispanic Business CEO Roundtable List of Participants •Biographies of EOY Participants
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