Don’t Miss Toyota’s 2023 Opportunity Exchange: Powering Opportunity Together
Powering more than vehicles, please make plans to join Toyota on Thursday, November 2, at Suburban Collection Showplace for OE 2023! Toyota’s Opportunity Exchange (OE) is committed to being a champion for supplier diversity by helping generate new business for certified diverse suppliers and continuing to help supplier partners diversify their own supply base.
As it embraces the theme for this year’s OE, “Powering Opportunity Together,” it will explore how supplier partners and certified diverse suppliers working together is critical to success during times of rapid change and overcoming new challenges.
Apply for the U.S. Department of Energy Office of Technology Transitions Lab MATCH Prize Competition
The DOE Office of Technology Transitions Lab MATCH (Laboratory Making Advanced Technology Commercialization Harmonized) Prize is a $620K, three-phase competition aimed to accelerate national laboratory intellectual property (IP) licensing and commercialization.
Lab MATCH, which is funded by the Technology Commercialization Fund, is part of the American-Made Challenges suite of prizes. It provides an opportunity for innovators and entrepreneurs from diverse backgrounds to work directly with national labs and their researchers to accelerate technology commercialization.
Join The Workshop at Macy’s, its four-week intensive vendor accelerator program designed to drive promising diverse-, women-, LGBTQ-, persons with disabilities- and veteran-owned businesses to the next level.
Learn from its top executives and get the tools you need to help grow your brand. Apply today for a spot in The Workshop at Macy’s Class of 2024 at theworkshopatmacys.com.
New Limited TV Series More Than That with Gia Peppers Invests Directly into Black-Owned Media and Businesses
Building on the success of three radio show seasons that resulted in $12M invested into Black-owned media, More Than That with Gia Peppers expands to video with a four-part limited broadcast series on REVOLT, the leading Black-owned multimedia company. The program elevates conversations impacting Black America, exploring a wide range of topics that inspire and engage diverse communities.
Dollar General Announces Inaugural Diverse Supplier of the Year Winner at Annual Strategic Partner Summit
Through its supplier diversity initiative, Dollar General is committed to partnering with suppliers who support its efforts to provide relevant products to the diverse customers and communities it serves. This [...]
Merchant Maverick Awarding Opportunity Grants to American Indian/Native American-owned Small Businesses
Merchant Maverick, a leading resource in the B2B space, is thrilled to announce its Opportunity Grants for Native American-owned small businesses. This initiative is part of the company’s ongoing commitment to foster positive change and bridge the funding gap faced by underrepresented communities.
Supplier.io Releases 2023 State of Supplier Diversity Report
Supplier.io just released its 2023 State of Supplier Diversity Report with a lot of new insights and data points. It surveyed hundreds of supplier diversity professionals across topics including business, executive support, program management, data, results, ESG and more to learn what is happening with programs.
Join WRMSDC in Supporting Maui Wildfire Relief Efforts
NMSDC is deeply saddened by the devastation experienced by the residents of Maui caused by the recent wildfires. We encourage you to join the Western Regional Minority Supplier Development Council (WRMSDC) in their support of relief efforts for those impacted. WRMSDC is donating to and helping elevate the efforts of the Council for Native Hawaiian Advancement’s (CNHA’s) Kākoʻo Maui Fund.
Diversity, Leadership, and Business Growth: An Interview with Ying McGuire, NMSDC CEO and President
In the latest episode of The Heidrick & Struggles Leadership Podcast, Heidrick & Struggles’ Jennifer Streitwieser speaks to NMSDC CEO and President Ying McGuire. In the interview, McGuire discusses the untapped potential of minority business enterprises and shares her perspective on leading through the significant transformations within organizations brought about by technology, data, emerging markets, and economic dynamics.
NMSDC-Certified MBE, CMS Wins $10 Million Fuels Project at Andersen AFB, Guam
Maumee, OH – CMS Corporation announced today it has been awarded a $10 million fuels project at Andersen AFB, Guam under the AFCEC Worldwide Engineering and Construction (WE&C) contract. CMS has a strong past performance history of fuels projects in Guam.
NMSDC-Certified MBE Global Village Foods Featured on White House’s Investing in America Website
NMSDC-Certified MBE Global Village Foods and its owner Melvin Hall have been featured on an interactive White House website that spotlights the real-life stories of Americans and communities reaping the tangible benefits of improved roads, bridges, public transit, and more.
GE Appliances and Kohler Announce Virtual Supplier Diversity Matchmaking Event
GE Appliances and Kohler already partner together to bring high-quality appliances with luxury finishes to kitchens in the most fashionable homes. But now, these two manufacturing forces are coming together to seek diverse-owned suppliers for their respective supply chains.
Peapod Digital Lab’s Final Supplier Diversity Matchmaking Program of 2023 is Now Open
Peapod Lab’s fourth Supplier Diversity Matchmaking program of 2023 is officially OPEN! It is partnering with ECRM and RangeMe to connect businesses from individuals or groups that have been historically underrepresented or underserved with the companies of Ahold Delhaize USA.
Steps to Success from NMSDC-Certified MBE Zeus Financial
Zeus Financial LLC (Zeus), a FINRA registered Broker Dealer headquartered in Boca Raton, Florida is executing a plan to bring historically underrepresented groups, specifically women and minorities, into the financial services industry. Since becoming certified as a minority business enterprise (MBE) in August 2022, Zeus has designed and implemented a laddered program to raise individuals from entry-level positions to opportunities that can create generational wealth.
Every year, Supplier.io produces the State of Supplier Diversity Report. A report for supplier diversity leaders, based on the voice of those executing supplier diversity programs. Help take this year’s survey to a new level.
NMSDC-Certified MBE, SIVAD Diagnostic Medical Group LLC (SIVAD) Combats Opioid Deaths with Launch of HarmGuard FX™, the Only Combination Fentanyl and Xylazine Test Strip Available in the U.S.
SIVAD Diagnostic Medical Group LLC (SIVAD), a minority-owned company dedicated to addressing the unique needs of underserved and unserved communities in the United States and globally, today announced the launch of HarmGuard FX in Delaware, the first state in the nation to distribute this groundbreaking approach to reducing overdose deaths.
GEA Debuts Launchpad Program for Diverse-Owned Suppliers
GE Appliances, a Haier company, (GEA) announced today the introduction of its GEA Launchpad program, which is designed to grow and develop the capacity of diverse-owned suppliers needed for its operations.
Sam’s Club Offers An Opportunity for Diverse-Owned Brands
Prepared foods, Bakery, Dairy, Deli, Cooler, and Freezer Sam’s Club is announcing an exciting opportunity for diverse-owned emerging brands in the Prepared Foods, Bakery, Dairy, Deli, Cooler, and Freezer categories [...]
SDI Presence Welcomes Adriene Bruce as Director of Diversity
SDI Presence LLC (SDI), a managed services provider (MSP) and certified Minority Business Enterprise (MBE) with Corporate Plus designation from the National Minority Supplier Development Council (NMSDC), welcomes Adriene K. Bruce to the SDI team as the new Director of Diversity.
G&E Contract Opportunity Announcement – RFP 156121 Residential Customer Energy Orchestration Program
California’s policies to reduce greenhouse gases have been successful in increasing the renewable energy production in the state. As a result of these proactive policies, PG&E is seeing increases in clean, renewable generation and a decline of fossil-based, fast-ramping generation.
Nominations are Open for the Ninth Annual CVS Health and Roger Williams University Executive Learning Series Summit
CVS Health is excited to announce that it is now accepting nominations for the Ninth Annual Executive Learning Series Summit. Twenty diverse suppliers will be selected for the three-day in-person summit, [...]
PepsiCo Foundation Opens Applications for its 2023 Impacto Hispanic Business Accelerator Program
The PepsiCo Foundation created The Impacto Hispanic Business Accelerator to provide Hispanic food entrepreneurs with meaningful learning and networking opportunities, along with grant capital to fuel their business growth. Accion Opportunity Fund is proud to serve as one of the nonprofit partners hosting the Impacto program.
A Renewed American Dream: Closing the Racial Wealth Gap feat. Ying McGuire, NMSDC Podcast
In this episode of Logistics with Purpose, Enrique Alvarez and Maureen Woolshlager are joined by Ying McGuire, CEO & President of the National Minority Supplier Development Council (NMSDC), to talk about how her achievement of the American dream is now driving her to help systematically excluded communities of color do the same.
Loop Capital Makes History as Joint Bookrunner on $600 Million Allstate Preferred Stock Offering
According to Allstate, Loop Capital’s deed with one of the nation’s largest insurers marks the first time a diverse-owned business enterprise has acted as a joint book-runner on a preferred stock issuance.
Apply for Participation in Peapod’s Third Supplier Diversity Matchmaking Program of 2023 in Partnership with ECRM and RangeMe
Applications for PDL’s third Supplier Diversity Matchmaking program of 2023 is officially open! They have partnered with ECRM and RangeMe to connect businesses from individuals or groups that have been historically underrepresented or underserved with the companies of Ahold Delhaize USA.
Georgia State and Georgia Fintech Academy Faculty Will Teach Six-Week Banking and Fintech Supplier Development Course on Behalf of Fiserv and Synchrony
ATLANTA – A first-of-its-kind supplier development program launched by Fiserv, a leading global provider of payments and financial services technology, and Synchrony, a premier consumer financial services company, will help [...]
BP Expands Mobility and Convenience Network Completing the Purchase of Leading Travel Center Operator, TravelCenters of America
Today BP Products North America Inc. completed its $1.3 billion acquisition of TravelCenters of America Inc., one of the country’s leading full-service travel center operators, marking a milestone for the US in the growth of bp’s strategic convenience and mobility business and welcoming thousands of additional employees into BP.
NMSDC and BeyGOOD Foundation Partner to Advance Black Businesses
NMSDC and BeyGOOD, a public charity foundation founded by Beyoncé Knowles-Carter, have partnered to identify 700 Black businesses across seven regions in the U.S. to participate in a series of Black Parade Route Luncheons. During each luncheon a total of $100,000 in grants will be provided to select business owners.
Apply for the Fall Cohort of Goldman Sachs’ One Million Black Women: Black in Business Program
Applications for the fall cohort of Goldman Sachs’ One Million Black Women: Black in Business program are now open. This free business education program is dedicated to reaching Black women entrepreneurs with the tools necessary to turn their business potential into business growth.
SDI Presence Appoints Former CIO and Amazon/Cisco Executive Hardik Bhatt to Chief Executive Officer
SDI Presence LLC (SDI), the National Minority Supplier Development Council (NMSDC) Corporate Plus-certified IT consultancy and managed services provider (MSP), announced that Hardik Bhatt has been appointed Chief Executive Officer. Formerly the firm’s President and Chief Growth Officer, Bhatt succeeds the firm’s co-founder David A. Gupta, who will assume the newly created role of Executive Chairman.
NMSDC-certified minority business enterprise (MBE), Stewart Law Group and founder, Amy Stewart were recently featured in The Texas Lawbook as part of a series highlighting women- and minority-owned law firms. [...]
Apple Impact Accelerator: Open to Environmental Solution and Service Providers
Apple is currently accepting applications for its 2023 Impact Accelerator, a program for Black-, Hispanic / Latinx-, and Indigenous-owned businesses developing next-generation innovations in clean energy and green technologies.
CMS Hangar Conversion Project at Wright-Patterson AFB Receives Top Honor in 2022 Air Force Design Awards
Maumee, OH – CMS Corporation’s design-build Program Executive Office Building Six project at Wright-Patterson Air Force Base (WPAFB) has received top honors from the 2022 Air Force Design Awards for [...]
Diversity and inclusion (D&I) activities are essential to fostering a culture that values and supports all employees. This article includes steps for implementing D&I initiatives and fostering an inclusive workplace.
NMSDC is excited to invite you to the NMSDC Sales Performance School, a series of four webinars featuring expert speakers who will share practical strategies and insights that you can immediately apply to your sales practice.
This report highlights some of the most pressing post-pandemic issues facing American businesses during a period of economic uncertainty. We explore the decreasing proportion of businesses seeking funding and financing across the most popular sources of funding, including national bank loans.
4 Keys to Achieve Business Success in a Time of Crisis
I invested in a boutique hotel in downtown Austin, Texas that opened for business in the early months of 2020. Unfortunately, two weeks after it opened, the Covid-19 pandemic came to the United States, shutting everything down. Given the circumstances, I could have gotten discouraged and given up on this venture.
Fulton Bank Invests $1 Million in Fund for Minority- and Women-Owned Businesses
As part of its Commercial Affinity Banking program, Fulton Bank has invested $1 million in Innovate Capital Growth Fund, L.P., which provides capital and operational expertise to enable minority- and women-owned businesses to grow.
Direct Digital Holdings to Ring Nasdaq Closing Bell on Tuesday, February 14, 2023 to Celebrate One-Year Anniversary of Public Listing
“As the ninth black-owned company to go public in the U.S., we are thrilled to be recognized by Nasdaq and thankful for the opportunity to ring the closing bell. To us, this ceremony will commemorate a year of tremendous growth and success since we first went public in February of 2022.”
NMSDC corporate member, FedEx is giving small businesses an opportunity to take their business further with a chance to win one of ten $30,000 grants in the annual FedEx Small Business Grant Contest. Winners will also receive a $1,000 credit for FedEx Office print services.
lululemon Launches Supplier Inclusion and Diversity Program
lululemon is proud to announce that today it launched its IDEA (Inclusion, Diversity, Equity, and Action) Supplier Inclusion and Diversity Program. The program will increase diverse supplier products and service solutions within the company’s global indirect, non-merchandise spend, helping to empower economically and socially disadvantaged organizations by fostering business growth and job and wealth creation across diverse communities.
GEA Debuts Launchpad Program for Diverse-Owned Suppliers
GE Appliances, a Haier company, (GEA) announced today the introduction of its GEA Launchpad program, which is designed to grow and develop the capacity of diverse-owned suppliers needed for its operations.
Peapod Digital Labs Seeking Diverse-Owned Brands for Pitch Coaching and Virtual Showcase
For the second year in a row, Peapod Digital Labs (PDL) is seeking certified, diverse-owned businesses nationwide for participation in a virtual program aimed at showcasing products from underrepresented suppliers to the companies of Ahold Delhaize USA.
Pacific Gas and Electric Company Seeking Cloud Platform Provider for Vehicle Grid Integration Pilots
Pacific Gas and Electric Company (PG&E) is seeking a cloud platform that will serve as the central data management, use case scheduler, and general “control center” for its upcoming vehicle-grid integration (VGI) pilots.
NMSDC’s New Learning Center – Strategic Planning SEAL Course (Scan, Experiment, Adapt, Learn)
I took the SEAL Course and found it to be very helpful as we frame our next strategic planning meeting. In essence, the course presents how a high degree of organizational agility can help a company react successfully to the emergence of new competitors, the development of new industry-changing technologies, or sudden shifts in overall market conditions.
A Roadmap to Diversify the U.S. Renewable Energy and Battery Storage Supply Chains
A report released by ACORE and BW Research Partnership identifies existing MWBEs within the utility-scale wind, solar, and battery storage manufacturing supply chains; assesses existing supplier selection practices; and highlights opportunities to foster the growth of MWBEs and improve sector diversity.
As the business world continues to evolve, organizations and entrepreneurs are finding ways to remain competitive for sustained growth in the market. Establishing a competitive edge is key to meeting business objectives.
The brand’s visual identity expresses its values, personality, and its objectives. It includes the name, logo, fonts, colors, and imagery. These elements belong in your “brand orchestra” and if they are not present, your brand may be out of harmony.
Queen Latifah and Lenovo to Provide $30,000 Cash Grants, Technology and Mentorship to Small Businesses
The Lenovo Evolve Small initiative recently announced a partnership with none other than Queen Latifah, the newly crowned Queen of Small. Together, Lenovo and Queen Latifah are providing aid and mentorship opportunities to minority and woman-owned small businesses across North America.
Supplier.io Releases Fifth State of Supplier Diversity Report
Supplier.io recently released its fifth State of Supplier Diversity Report. This report is the continuation of an initiative that extends back to 2017 and reflects the growth and maturity of supplier diversity programs as well as the impact of overarching trends in the economy, geopolitics, and society.
Employees typically want to excel in their careers and be recognized for their contribution to the organization. NMSDC Career Plans and Employee ExpectationsThis involves better compensation, a higher position, and more responsibilities. Therefore, communicating clear expectations regarding an employee’s professional development and career growth opportunities right from the beginning is vital to retain top talent.
Metasys Technologies Announces a Strategic Investment from Arkview Capital
Metasys Technologies (Metasys), a leading minority-certified provider of workforce management services, recently announced a strategic investment from Arkview Capital, a minority-owned private equity fund focused on supporting diversity-oriented businesses.
In our current fast-moving business environment, brands are constantly looking for effective ways to market themselves to remain competitive. Your product offering is outstanding, your marketing strategy is great and yet you still feel like there is still an opportunity to offer more value to your customer base.
An elevator pitch, elevator speech, or elevator statement is a short description of an idea, product, or company that explains the concept in a way that any listener can understand it in a short period of time.
Cardin Lauds Unanimous Senate Passage of Six Small Business Bills
U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) today lauded the unanimous Senate passage of six bills to improve the U.S. Small Business Administration (SBA) and invest in small businesses.
New investments and strategic alliances support the economic and resiliency benefits of solar and storage across the nation teams up with McKinsey & Company, National Association of Women Business Owners, Grid Alternatives and Solar Energy International to help attract, retain, and train women for careers in solar
CelBlox LLC Owner Priscella Muñoz-Prior Featured on Nasdaq Building
Priscella Muñoz-Prior, owner of CelBlox LLC was featured on the Nasdaq building in Times Square in New York City upon her graduation from the Nasdaq Entrepreneurial Center’s Summer 2022 Milestone Makers.
Cyber Readiness is a Crucial First Step in Winning Contracts with the Government and Corporations
Small businesses need opportunities in larger sectors, and those supply chains need the diversity smaller companies bring. Minority-owned small businesses have additional challenges getting into the pipeline, yet they are perhaps the group that needs to be there the most.
Opportunities for Minority Owned Businesses with Oregon and Portland Governments
The State of Oregon and City of Portland recently expressed a commitment to expand contracting opportunities for certified minority owned and operated small businesses. To promote economic growth and equity, the city seeks to maximize the participation of minority suppliers.
Apple Propels Environmental Business Solutions Forward with Second Impact Accelerator Class
Sixteen Black-, Hispanic/Latinx-, and Indigenous-owned green technology and clean energy businesses are joining Apple’s second Impact Accelerator, part of the company’s Racial Equity and Justice Initiative.
CyberReadyMBE™ Prepares MBEs for Cyber-safety, New Business
Cybersecurity is such an important topic that even a company whose business is information technology needs help safeguarding their business. Not only do they need protection from hackers, but for the best profitability, they need a system considered safe enough for dealings with the federal government.
Gov. Beshear, Summit Packaging Solutions Cut Ribbon on Northern Kentucky Operation Creating 254 Jobs with $18.3 Million Investment
“I am so happy to join leaders from Summit Packaging today to cut the ribbon on the company’s new operation in Northern Kentucky,” Gov. Beshear said. “This project is creating a variety of quality jobs and capitalizes on the commonwealth’s strong infrastructure and logistical capabilities. I am excited to welcome the company to Kentucky and see it grow for decades to come.”
Native American Business Association Wins Grant to Host U.S./Australia First Nations Trade Mission
DFWMSDC members and founders of the Native American Business Association (NABA) have been awarded a grant from the U.S. State Department to host a delegation of Indigenous business leaders from Australia with an 18-day, four-city tour of the U.S. this Oct./Nov. that includes attendance at the NMSDC 50th Anniversary Annual Conference & Exchange in New Orleans.
NMSDC’s New Learning Center – Improve Your Virtual Sales Skills! MBE Testimonial
I was looking for a sales course that would help me better understand best practices in virtual selling. I found that course on the NMSDC Learning Center. I signed my team up for the new Learning Center and have personally taken four courses already. The Learning Center is a game changer! I highly recommend it.
NMSDC Congratulates VDart on winning Toyota’s Diverse IT Supplier of the Year Award!
The National Minority Supplier Development Council (NMSDC) congratulates Corporate Plus member, VDart for receiving the Toyota Diverse IT Supplier of the Year Award for the second year in a row. The [...]
The latest McKinsey report offers a perspective on ways to close the gap. Expand diversity among your suppliers—and add value to your organization, discusses the current state of corporate programs, the economic and social impact of supplier diversity programs, and actions companies and minority-owned businesses can take to fuel growth going forward.
Don Cravins, Jr. Nominated As The First Under Secretary of Commerce for Minority Business Development
The National Minority Supplier Development Council is thrilled regarding the news of Don Cravins’ nomination to fill the newly established position of the Under Secretary of Commerce for Minority Business Development (MBDA) at the Department of Commerce.
May 1st through May 7th marks the dates for the U.S. Small Business Administration (SBA) to promote National Small Business Week. This year’s theme is “Building a Better America Through Entrepreneurship”, and as part of the commemoration, the SBA has put together a virtual summit that will provide small businesses across the country with resources to help them start, grow, or recover their business.
Join Cushman & Wakefield For Supplier Diversity Day
Cushman & Wakefield discusses the impact of diverse dollars on the growth of their business, their commitment to the diverse communities we serve, their new Cushman & Wakefield Supplier Registration Portal and the value of diverse suppliers in their supply chain.
Celebrating the One-year Anniversary of the RISE Initiative
In 2021, the Rose International Team formalized its commitment to advance racial equity across the U.S. and launched RISE – Rose Impacting Social Equality. Rose International made a $2 million commitment to help initiate change nationwide.
Report: What Investing In Black-Owned Media Means For Brands
Corporate brands are long overdue in paying attention to Black-owned media companies. Nielsen — a data and market measurement firm — is finally revealing why.
The company recently announced the launch of their Diverse Media Equity Program, which seeks to better survey diverse content historically excluded from media measurement, fund certification fees for diverse owned media and launch the first report on diverse media reach and audience profiles in its history.
Minority business leaders make case for increased access to federal infrastructure contracts at House hearing
Minority and women-owned businesses risk being sidelined in federal contracts, awarded to implement the $1.2 trillion infrastructure bill that Congress passed last year, unless deliberate action is taken to ensure they have equal access to succeed in the bidding process, members of Congress and minority business leaders said Thursday.
Building a Diverse Supply Chain Takes Work—But It’s Worth It
In this excerpt from his forthcoming book, Anti-Racist Leadership: How to Transform Culture in a Race-Conscious World,former Jamba Juice CEO James D. White—along with Krista White, who has joined him in his work—shares approaches on how diversity and inclusion can strengthen your supply chain.
A Guide to Business Certifications for Small Business Owners
If you’re a small business owner who belongs to an underrepresented group, you may be eligible for certain business certifications that can help you access more government contracts and private-sector opportunities.
The Home Depot is committed to building inclusive and sustainable business opportunities for women, minority, veteran, disability and LGBTQ owned companies. Our Supplier Diversity program was established in 2003, with the goal of increasing shareholder value, driving innovation and creating positive economic impact in the communities we serve.
Cardin Lauds Final Passage of Legislation to Expand & Make Permanent Minority Business Development Agency
For Immediate Release November 9, 2021 Contact: Fabion Seaton (202) 880-4217 Cardin Lauds Final Passage of Legislation to Expand & Make Permanent Minority Business Development Agency Measure Included in the [...]
World Wide Technology Named to TIME’s Inaugural List of the TIME100 Most Influential Companies
TIME reveals the first-ever TIME100 Most Influential Companies that highlights 100 companies making an extraordinary impact around the world. World Wide Technology, the largest Black-owned corporation in the United States, is in the “Leaders” section on the TIME100 list.
Women in Procurement Wednesday: Maria Prince on equity and taking a seat at the table
“Equity” and “equality” may sound very similar to some. However, there is a clear distinction between the two — one that Maria Prince, Vice President of the National Minority Supplier Development Council (NMSDC), detailed in a recent interview.
Diversity, Equity, and Inclusion in a Changing Country
Adrienne Trimble knows the future is all about minority-owned businesses. The former general manager for diversity and inclusion at Toyota Motor North America sat down for a conversation about diversity in business.
Apple launches major new Racial Equity and Justice Initiative projects to challenge systemic racism, advance racial equity nationwide
Apple today announced a set of major new projects as part of its $100 million Racial Equity and Justice Initiative (REJI) to help dismantle systemic barriers to opportunity and combat injustices faced by communities of color.
Neta Scientific Named SBA Regional Subcontractor of the Year
Neta Scientific, a leading distributor of laboratory supplies, solutions, and safety products to the Life Science and Pharmaceutical industries, was awarded the U.S. Small Business Administration’s 2020 Regional Subcontractor of the Year Award for Region II.
The unfortunate reality is that far too many Black-owned businesses entered this crisis undercapitalized and under-resourced. Through our own research, we know that businesses in predominantly Black and Latinx communities have significantly lower cash liquidity than businesses in predominantly white communities.
Papa John’s cooks up a supplier diversity program from scratch
Papa John’s International didn’t have a supplier diversity program before Natonya Harbison joined the team in December 2018. The new director of diversity, equity and inclusion was starting from scratch.
The staffing company’s financial support and mentoring initiative aims to help 100 new and small businesses generating less than $1 million in annual revenues to become certified Minority Business Enterprises.
Coca-Cola commits $500 million in additional spending with Black-owned suppliers
The Coca-Cola Company’s longstanding commitment to supplier diversity has never been more important, as minority-owned businesses – particularly Black-owned enterprises – continue to bear the 2020 economic brunt of both the coronavirus pandemic and systemic racial injustice.
The 21st Annual Rainbow PUSH/CEF Global Automotive Summit
The 21st Annual Rainbow PUSH/CEF Global Automotive Summit, with the theme “Moving The Economic Needle Towards Equality,” is virtual this year. The challenging circumstances we’ve all faced in 2020 has forced us to alter our approach, while also maintaining our focus on the continuing fight for African American parity in the automotive industry.
As part of Delta Air Lines diversity efforts, the company’s Vice President of Global Cleanliness announced the carrier is seeking minority-owned businesses to support the development of a world-class cleanliness […]
It’s no overstatement that Black-owned U.S. businesses are in a state of crisis due to the economic fallout from the coronavirus pandemic. From February to April of this year alone, 440,000 Black-owned businesses closed their doors permanently, with thousands of jobs and millions of dollars in worker income lost.
Small business toolkit: 7 resources for Black-owned businesses
While 7% of White business owners get a loan in their first year of business, only 1% of Black business owners do so. There are, however, resources available for Black-owned businesses. Here are seven that can help, especially amid the pandemic.
Crowdfundingroadmap Survive & Thrive Summit Sponsored by Microsoft
The world’s economy has entered uncharted waters. Many small businesses are imperiled by diminished sales and the drying up of government and bank programs. At this moment it’s critical that public institutions and private enterprise step up to help struggling small businesses who still need funding.
Vistra Commits $10 Million To Organizations Working For Social Justice And Equity
Company’s multi-year commitment focuses on minority-owned small businesses, economic development, and education In addition, Vistra is engaging employees to talk about race in the workplace to further its diversity and […]
Call To Action – Kyyba Innovations Aggregating Medical Supplies
Here’s a call to all investors, PPE suppliers and entrepreneurs/importers – Kyyba Innovations will be aggregating all medical supplies from other countries faster and in a more effective way. These supplies will then be delivered structurally to all hospital systems in Michigan and any place in the US where there is a shortage.
SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by Coronavirus (COVID-19)
The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make our economy the strongest in the world.
The Network Journal Announces its 22nd Annual 25 Influential Black Women in Business Awards Presented by Morgan Stanley
“The women we honor in the 22nd year of our 25 Influential Black Women in Business awards span occupations, industries and expertise, and share the same traits when it comes to their career and community service: passion, drive and focus. “
Staying afloat is difficult for any business. For minority-owned businesses there are the added challenges: systemic disadvantages when it comes to access to resources such as small business loans, and almost-daily (if not daily) prejudice.