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.