Innovation Leader John Shen Joins President Biden at White House Bill Signing
WASHINGTON (June 14, 2022) – National business leader John Shen attended the official signing of the Commission to Study the Potential Creation of a National Museum of Asian Pacific American History and Culture Act into law at the White House on Monday, June 13th. At the invitation of President Biden, Shen and colleague Stella Zhang participated in the historic recognition of the contributions and challenges faced by the Asian American, Native Hawaiian and Pacific Islander (AANHPI) community in the United States.
Shen, a living example of the American Dream himself, immigrated to the United States and has since brought in hundreds of millions of dollars through foreign direct investment while reinvesting that wealth into American entrepreneurs.
Simon Pang, a longtime partner, executive at Royal Business Bank and a commissioner on the President’s Advisory Commission on AANHPI, commented: “This bill moves us closer to establishing a national museum dedicated to preserving the history and culture of the AANHPI community. I am thrilled to have been able to share this important moment with industry leaders like John Shen. His story is the story of the American Dream, and John’s ability to leverage that for the benefit of all Americans is an example for all.”
Over the past 15 years, Shen has founded multiple companies, created hundreds of jobs in various sectors across the country, fostered the innovative ecosystem through venture capital and the creation of the Long Beach Accelerator, partnered with educational institutions to promote greater diversity in start-up culture and beyond. His focus on minority- and women-owned enterprises is a common thread driving Shen’s professional successes.
Shen’s current suite of companies comprises a wide range of business models, including:
· American Lending Center, a non-bank community lender focused on facilitating EB-5, PPP and government backed loan programs.
· Sunstone Management, a private equity and venture capital firm prioritizing equitable, accessible investments in start-ups for the next generation of entrepreneurs.
· Sunstone Trust Company, a wealth management services firm specializes in serving first- and second-generation immigrants and one of only eight trust companies licensed by California.
· Partake Collective, an innovative combination of ghost kitchen, test kitchen, food hall, and retail market.
Commented Shen: “I am honored to be at the White House at the invitation of President Biden to celebrate our culture at a time when many in our community face challenges. This bill is a demonstration of our national commitment to acknowledging the contributions of the AANHPI community of which I am so proud to be a member.”