The NMSDC + JPMorganChase Certification Reimbursement Initiative
The Initiative
A more inclusive economy is fundamental to a global financial leader like JPMorganChase. and they know that for minority-owned businesses (MBEs), new growth opportunities with other forward-thinking corporations who share their focus on supplier diversity, NMSDC certification is key. That’s why the certification reimbursement initiative was launched and will, on a first-come first-serve basis, reimburse the certification fee for eligible MBEs once their application has been approved.
“Closing the wealth divide to create a more inclusive economy is a key business priority for JPMorgan Chase”, says Ted Archer, Global Head of Business Partner Diversity. “An inclusive approach to procuring suppliers is one of the most effective strategies to positively impact communities and lift up local economies. When we spend a dollar with an underrepresented business, we not only contribute to their revenue growth but also to job creation and increased wealth in the communities in which they operate.
Reimbursement Eligibility
Eligibility to participate in the JPMorganChase’s certification reimbursement program requires that you and your company meet the following requirements:
- $100,000+ in annual revenue.
- 2 years or more in business.
- Must be United States citizens.
- Must be at least 51% minority owned, managed and controlled.
- Must be an independent for-profit enterprise and physically located in the U.S. or its trust territories.
- Management and daily operations must be exercised by the minority ownership member(s).
This reimbursement initiative is available on a first-come first-served basis.
Once you have been approved and reimbursed through a specific reimbursement program, you cannot seek approval or reimbursement from another funder for the same expenses.
If you have any questions about this program, please contact our team at: reimbursements@nmsdc.org
Submission Form
Questions?
The National Minority Supplier Development Council (NMSDC) certification for minority business enterprises (MBEs) comes with numerous benefits and services, including educational programs plus a wide range of networking opportunities.