Salt Lake City
Investment into a minority-owned business focused on bridging language divides.
About the Business
US Translation Company (USTC) is a Hispanic-owned language services company headquartered in Salt Lake City, Utah. USTC's mission is to break barriers in communication and understanding through translation, interpretation, captioning, and eLearning localization services. USTC has worked with over 1000 unique corporate clients, federal and state agencies, and non-profit organizations nationwide. The company has also expanded its international reach and is committed to helping organizations become more global in an increasingly remote-friendly world.
About the Sponsor
David Utrilla, originally from Peru, is a native Spanish speaker, and experienced firsthand the barriers that language and communication posed in pursuing opportunities. He recognized similar issues in the business world as many companies struggled with language to expand their customer base and move into a global market. As a result, David founded USTC out of his basement apartment in 1995 to break down these barriers.
About the Investment
Through the JP Morgan Supplier Diversity Program, LISC invested $178,000 in USTC to help achieve their ISO Certification and to upgrade their CRM software. These upgrades will allow USTC to meet the vendor requirements of large corporations such as Maximus-New York and Toyota.
The investment pools sponsored by LISC are available only to eligible investors, are offered only pursuant to their official offering documents, and are managed by LISC Fund Management, which is a wholly-owned subsidiary of LISC. LISC Fund Management is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Registration of an investment adviser with the SEC does not imply any level of skill or training. Please visit the SEC’s website at www.adviserinfo.sec.gov to see LISC Fund Management’s Form ADV, which contains important disclosures, including further disclosures about material conflicts of interest, risks, and limitations associated with LISC Fund Management.