NMSDC, The BOW Collective Sign Strategic Partnership to Increase Revenue for Black Minority Women Business Enterprises

開発

について 全米マイノリティ・サプライヤー開発協議会(NMSDC) そして The BOW Collective (BOW), signed a strategic partnership alliance agreement on April 16th aimed at increasing the economic opportunities for Black Women-Owned Businesses.

The goal of this MOU is to collaborate through events, data collaboration and corporate relationships focused on industries that facilitate businesses with capacity to be a corporate supplier. Specifically, with more than 20+ industries represented in BOW, such as IT products and services; human capital, marketing, healthcare consulting, logistics, construction management, events management and more, BOW and NMSDC will curate opportunities that will bring BOW Collective members and NMSDC corporate partners together.

Moreover, BOW Enterprises, as a prime contractor, has an extensive internal supplier management process and by Q2 of 2025 will have revenues exceeding $25M annually. NMSDC’s corporate partners can also contract with BOW Enterprises (BE) as a prime through procurement vehicles, like Master Service Agreements and deploy a larger volume of contracts to BE who has more capacity to perform.

According to the memorandum of understanding signed by both organizations, NMSDC and BOW Collective agreed to engage in the following activities:

  • ADVOCATE for common economic interests of BOW Collective and NMSDC members that will allow for the two organizations to address and promote governmental policies related to business and economic growth.
  • COLLABORATE by forming a strategic partnership to promote MBEs and Corporate partners both domestically and internationally by fostering innovative approaches to address business growth in the global marketplace as a united front.
  • GROW NMSDC certified MBEs and BOW Collective members to create and grow intergenerational wealth in the underserved communities.
  • FACILITATE 共同イベント、プログラム、セミナー、ワークショップ、ミーティング、ディスカッションを行い、商業主導の活動の機会を創出する。
  • ENGAGE the diverse memberships of both organizations, while opening doors with both public and private companies and governmental institutions for both members.
  • SHARE best practices, knowledge, and experiences necessary to advance each organization’s mission, vision, purpose, and motto to help achieve this strategic relationship’s goals and objectives amongst respective members, clients, program participants, key stakeholders and other strategic partners affiliated with this coalition.

“Through events, data sharing, and shared networks, we aim to cultivate collaboration that drives revenue growth for black women-owned businesses,” said NMSDC’s Senior Director for Global Partnerships & Business Services, Jetheda Hernandez. “We want to curate opportunities that will bring BOW Members and NMSDC corporate partners together.”

“When business owners focus on delivering innovation and excellence to their customers, we all win,” said Nic Cober, Partner, Cober Johnson & Romney, PLLC. “However, when organizations like NMSDC and The BOW Collective unite to inject new strategies and solutions into the economy, America wins. More jobs, more revenue, and more economic wins will be the result of the landmark MOU.  Let’s get to work.”

今回の合意は、NMSDCがマイノリティ企業(MBE)の成長を加速させ、NMSDC認定MBEの年間売上高1兆円($1)を達成するために、NMSDCが支援する地域社会のための強力な支援者ネットワークを構築するための継続的な努力の一環です。

About BOW

The BOW Collective is an organization of more than 300 of the Nation’s top small business owners, in 26 states with more than 23 industries and who generate more 1.6B in annual revenues. These Black women owners work together to strengthen the capacity of their businesses via capital, contracts and by building a trusted community. Since 2022, not only has the organization grown by more than 500%, nearly 40% of member businesses have grown their revenues by more than 20%. Learn more at www.thebowcollective.org.

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