The NMSDC + Lowe's Certification Reimbursement Initiative
The Initiative
Committed to supporting economic development in the diverse communities they serve, Lowe’s Companies, Inc., knows that when they help underrepresented businesses succeed, they also generate local jobs, income, and tax revenue. Through its partnership with the National Minority Supplier Development Council (NMSDC), they are creating a pipeline for wealth creation by supporting the certification of minority business enterprises (MBEs) who can then take advantage of the NMSDC programs that will help them develop the strategies, capacity, and network to access potential procurement and partnership opportunities.
“Lowe’s recognizes the overwhelming need to support diverse businesses across the country and we recognize that being certified as a minority-owned business creates opportunities,” said Tabatha Watson, Supplier Diversity Manager.
“Certification gives minority-owned businesses greater opportunities to build relationships with corporations and gain greater visibility to bid opportunities.”
Reimbursement Eligibility
Eligibility to participate in Lowe’s recruitment and retention certification reimbursement program requires that you and your company meet the following requirements:
Revenue under $3M.
Retail business (preferred but not exclusive).
1st priority will be Lowe’s potential, current or expired suppliers.
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 program will reimburse 2 years of certification fees.
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.