News

Noteworthy items on certified MBEs, national corporate members of NMSDC, minority business opportunities and more.

 

NMSDC Launches an MBE eMarketplace

NMSDC eMarketplace (Powered and funded by ePS) was created to provide our 13,000+ NMSDC Certified MBE’s the technology to participate in any eMarketplace or eProcurement platform.

NMSDC Leadership Week Awards Celebrate Minority Business Achievements

NMSDC welcomed MBEs, Corporate Members, and guests to the online Awards Ceremony which honored outstanding achievements in minority business leadership, advocacy, and success. This was the second year for this annual awards program to be presented in a virtual format.

2021 NMSDC Conference is Now Virtual

Save These Dates: Oct. 25 – 28, 2021 NMSDC has been monitoring the coronavirus pandemic situation, assessing the requirements for an in-person event and surveying our constituents for their return to the office and business travel plans in hopes of bringing the NMSDC network together for the 2021 NMSDC Conference in Miami, Florida, this year. […]

EYE – Boots on The Ground

On April 12, 2021, NMSDC announced the successful launch of their eighth consecutive Emerging Young Entrepreneurs (EYE) cohort program.

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.

9 Best Small Business Startup Loans for Minorities

To encourage minority entrepreneurs to access capital, we have studied and evaluated various loan and financing options.

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.

Target pledges to spend $2B on products, services from Black-owned businesses

As part of its racial equity efforts, Target Corp. is pledging to sell products from more than 500 Black-owned brands by the end of 2025.

Open Applications! NMSDC Provides 25 Need-Based Cash Relief Grants

Dear NMSDC Community, In partnership with Voya Financial®, NMSDC is providing 25 need-based cash relief grants of $5,000 to small businesses (with annual revenue up to $1 million). To apply, fill out the application by April 23, 2021. Grant awardees will be notified on or before May 7, 2021. This grant opportunity is for businesses [...]

Fifth Third Bank and the National Minority Supplier Development Council Launch Centers of Excellence Certification Program for Small Businesses

The program will last for nine months and will involve selected minority-owned private businesses that are NMSDC-certified Class II businesses, with annual sales between $1 million and $10 million and that have a minimum of five employees.

3 Places to Find Funding For Your Business

In the U.S., Black-owned businesses increased 34.5% between 2007 and 2012 totaling 2.6 million firms. Yet, they still typically face greater challenges in securing capital compared to white-owned businesses.

Tuck Diversity Business Programs and National Minority Supplier Development Council Partner to Help Diverse Business Owners

Tuck Diversity Business Programs and the National Minority Supplier Development Council (NMSDC) have formed a partnership to support the growth of Minority Business Enterprises (MBEs) across the country.

NMSDC Supports the Asian-American Pacific Islander (AAPI) Community

Once again, we find ourselves struggling to comprehend the horror of more lives lost and forever changed because of racially motivated violence. Our hearts are broken for the Asian American and Pacific Islander (AAPI) community, especially those impacted by last week’s shootings in Atlanta as well as the countless others suffering from persecution and targeted [...]

NMSDC Communications from Board Chairman, Jose Turkienicz

At the NMSDC we are committed to ending the racial equity wealth gap by connecting Black, Indigenous and People of Color entrepreneurs to opportunity. We advocate for equity. We provide access.

How Minority-Owned Businesses Can Thrive During (And After) Covid-19

If you’re a small business owner struggling to keep your company afloat, here are a few tips, from my team to yours, to help your company emerge from the pandemic stronger and more agile than ever.

From the Desk of Jose Turkienicz – NMSDC President & CEO Announcement

Dear NMSDC Community, It is with mixed emotions that I announce that Adrienne Trimble will be stepping down as President & CEO of NMSDC. Adrienne joined the organization in August 2018 with a three-year contract. She has decided to return to the corporate world to continue advancing diversity, equity and inclusion efforts. Her last day […]

Fifth Third Executive Vice President Joins National Urban League Board of Directors

Kala Gibson, chief enterprise corporate social responsibility officer and head of Business Banking at Fifth Third Bank has joined the National Urban League’s Board of Directors.

Mid-States MSDC Recognizes Corporations Spending With Black Businesses

The Mid-States Minority Supplier Development Council (Mid-States MSDC) recognizes 39 Central Indiana corporations (see attached image) that spent more than $650 Million with Black-owned businesses in 2020.

Building A Diverse and Capable Workforce from The Bottom Up

Integrating a lean philosophy into operations and standards seems to be a natural fit for NMSDC’s MBE community, which is using lean practices to be more innovative and responsive to customers.

A Guide to Business Certifications for Small Business Owners

If you’re eligible, obtaining business certifications can give you access to more opportunities. Here are some of those certifications and how to apply.

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.

GE – Taking the Next Step on Economic Inclusion

by: Mike Barber Chief Diversity Officer at GE Today, we honor the legacy and work of Dr. Martin Luther King Jr. The past year has highlighted all too well that we still have much more work to do to achieve his dream. As I reflect on the many lessons from Dr. King’s life and actions, […]

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.

NMSDC 2021 – Message from the President

 Hello and Happy New Year! NMSDC is excited and ready to embark on a successful 2021 journey. We have strategically outlined our OKRs (Objectives and Key Results) to focus on the NMSDC four pillars: Certify. Develop. Connect. Advocate. We are working diligently to transform our technology, process improvements and operational excellence. Our corporate members […]

NMSDC NAMES NEW BOARD CHAIRMAN, MR. JOSE TURKIENICZ, UPS CPO 

For Immediate Release January 11, 2021 Press Contact:  Tammy Wilkins Tammy.Wilkins@nmsdc.org (212) 944-2430 NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL NAMES NEW BOARD CHAIRMAN, MR. JOSE TURKIENICZ, UPS CPO  Mr. Jose Turkienicz has been elected Chair of the Board of Directors for the National Minority Supplier Development Council (NMSDC). He was elected to a two-year term, beginning […]

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.

We’re In This Together: NMSDC 2020 – A Year of Perseverance from Adrienne Trimble

   Greetings NMSDC Network! As we close out the year, we just want to say thank you for your support throughout this pandemic. Your sponsorship, participation, and words of encouragement have given us the motivation to continue providing each of our stakeholders with valuable resources to maintain their businesses. NMSDC is still here, working […]

Southern Glazer’s Wine & Spirits is the First U.S. Alcohol Beverage Wholesaler to Join the National Minority Supplier Development Council

Southern Glazer’s Wine & Spirits—the world’s pre-eminent distributor of alcohol beverage—today announced it is the first U.S. alcohol beverage wholesaler to join the National Minority Supplier Development Council (NMSDC).

Equality of Opportunity In Action: Strengthening Supplier Diversity

Join the U.S. Chamber of Commerce on 12/17 at 12:00pm ET for Equality of Opportunity In Action: Strengthening Supplier Diversity. Details:  Thursday, December 17, 2020 12:00 PM – 1:00 PM (UTC-05:00) Eastern Time (US & Canada) Event Background:  There are 8 million minority-owned firms in the United States, a 38 percent increase since 2007. Yet those […]

Tools to Help Black Businesses Stay Open

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.

AMN Healthcare launches minority-owned businesses initiative

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.

Disney Earns ‘Corporation of the Year’ Award!

Our Supplier Diversity team works hard to create an inclusive supply chain where we identify diverse suppliers that help the company deliver world-class entertainment experiences to our guests in our theme parks and resorts around the world.

Joint-Venture Partnership Honored: ARVO Realty Advisors, Cushman & Wakefield

The Houston Minority Supplier Development Council, a nonprofit serving the needs of the city’s minority business enterprises (MBEs), has given its 2020 Strategic Teaming Award to ARVO Realty Advisors and Cushman & Wakefield of Texas. Arvo Realty The award recognizes partnerships involving MBEs in which the participating companies increase each other’s capacity and leverage their […]

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.

CVMSDC Re-EMERGE Conference

We spent the better part of 2020, sheltered in place. Many corporations and business owners made pivots and are thriving; while others still face challenges to re-open. Join us on December 2nd & 3rd, with a stellar line-up of Subject Matter Experts.

Four Minority Owned Suppliers Of The Year Are Selected And Recognized By NMSDC For Their Pursuit Of Excellence In Providing Supply Chain Solutions To Corporate Partners

Each year, at their National annual Conference, NMSDC presents its prestigious “Supplier of the Year” Award(s) to recognize a select number of certified minority business enterprise (MBE) and their exemplary achievements in providing needed solutions to our corporate partners.

Five Corporations Are Selected And Recognized By NMSDC For Their Pursuit Of Excellence In Advancing Minority Business Inclusion Into Their Supply Chains

Each year, at their National annual Conference, NMSDC presents its prestigious “Corporation of the Year” Award(s) to recognize a select number of national corporate members and their exemplary achievements in minority supplier inclusion.

MBE Success Stories – ARVO Realty Advisors

Ed Ryland, CCIM, MCR, is the President & CEO, of ARVO Realty Advisors. He is also the author of a book named “The Secrets to Building a Successful Minority-Owned Company”.

Delta Air Lines Steps Up Diversity Initiatives

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 standard. At the National Minority Supplier Development Council (NMSDC) Conference, Mike Medeiros represented Delta and appealed to business leaders in the areas of surface disinfectants, […]

It’s Time To Help Black-Owned Businesses

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.

Advancing Black entrepreneurs

As a step toward helping black-owned businesses recover and move forward, a coalition of four business advocacy groups — the National Minority Supplier Development Council, US Black Chambers, National Urban League and Black Enterprise — have partnered with JPMorgan Chase to launch Advancing Black Entrepreneurs by Chase for Business.

The Fireside Chat on Supplier Diversity – with Adrienne Trimble

Enjoy these takeaways from the Fireside Chat on Supplier Diversity in the Retail Industry – with Daymond John (Keynote Speaker), Dollar General, and True Value!

2020 Influential Women – Adrienne C. Trimble, NMSDC, Inc.

By the time Adrienne C. Trimble became the president and chief executive officer for the National Minority Supplier Development Council (NMSDC) in 2018, she had received numerous accolades for her work in diversity and inclusion over her nearly 20 years at Toyota Motor North America.

Adrienne Trimble selected as one of the “25 Influential Black Women in Business Awards” by The Network Journal (TNJ)

For 22 years, TNJ has consistently recognized “trailblazing Black women professionals and entrepreneurs,” such as accomplished and respected CEO and President of NMSDC, Adrienne Trimble.

Denny’s supplier diversity a ‘pillar’ in its DEI efforts

Employers around the country have varying definitions of what it means to be a diverse company. For the restaurant chain Denny’s, it includes a special focus on supplier diversity.

Corporate America Stepping Up To Support Black Businesses BLM Movement

NMSDC President and CEO Adrienne Trimble challenged business leaders to “Not only lend a hand to our minority business enterprises but to take definitive action and stand up against the systemic racial barriers plaguing our society.”

Why You Need a Supplier-Diversity Program

A handful of socially conscious major companies have long played a role in addressing racial injustice through supplier diversity programs that promote an inclusive approach to procurement.

Connecting Chicago’s minority-owned businesses

The Chicago Minority Supplier Development Council is responsible for certifying, advocating, developing and connecting minority businesses with major buying organizations.

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.

American Corporations Respond to NMSDC’s Call to Expand Support to Minority Businesses

The COVID-19 pandemic and civil protests have put many Black-owned businesses across the U.S. at risk of permanent closure. To support these businesses, the National Minority Supplier Development Council (NMSDC) launched the “In This Together” campaign.

Black-owned businesses are finding new opportunities in today’s justice movement

For some Black-owned business owners in the Philadelphia, the BLM movement has helped their companies, and created new opportunities.

10 Small Business Grants for Minorities in 2020

There are many grants available for minority-owned businesses. Find out how you can take advantage of these grant programs to start or grow your business.

Adrienne Trimble is on the Frontlines of the Modern-Day Civil Rights Movement

Adrienne Trimble is on the Frontlines of the Modern-Day Civil Rights Movement

In This Together Campaign Strives to Invest $1B in Black-Owned Businesses

The overwhelming support for the Black Lives Matter movement and Black businesses has grown significantly over the past month. While more initiatives arise, companies continue to step up to collaboratively uplift the movement and the Black community.

Chase Chats: Advancing Black Entrepreneurs: Rising to the Challenges of COVID-19

Watch this free webcast to:  Learn what Advancing Black Entrepreneurs by Chase for Business is and how it can support your business Hear insights from Black Business organization leaders that may help your business recover and move forward in the wake of the current pandemic Featuring: Tosh Ernest | Head of the Wealth Pathway, JPMorgan […]

‘In This Together’ Campaign Aims To Invest $1 Billion In Minority Businesses Impacted By Covid

More than 30 blue-chip companies—including the likes of Capital One, ExxonMobil, Nissan North American Inc., and Procter & Gamble Co.—have pledged to support Black businesses and the Black Lives Matter movement.

PPP Loan Program Has Been Extended Through August 8th!

The PPP has Resumed Accepting Applications! The Paycheck Protection Program has reopened.  The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020 however applications must be submitted by August 4th.  See our video for further information on how to apply. Did you Know?  NMSDC has set up a special program […]

Crowdfundingroadmap Survive & Thrive Summit Sponsored by Microsoft

NEWS PROVIDED BY Crowdfundingroadmap Inc. Jul 14, 2020, 10:56 ET DALLAS, July 14, 2020 /PRNewswire/ — 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 […]

Business Advocacy Groups Partner with Chase Business Banking to Help Black Entrepreneurs Address the Financial Challenges of COVID-19

New educational curriculum will help black business owners address immediate financial needs and build resiliency in the midst of the coronavirus pandemic.

Corporate America Stepping Up to Support Black Businesses & BLM Movement

President and CEO Adrienne Trimble firmly stated the organization’s commitment to facilitating change for the nation’s Black business community. Ms. Trimble’s appeal challenged business leaders to, “Not only lend a hand to our Minority Business Enterprises (MBEs), but to take definitive action and stand up against the systemic racial barriers plaguing our society.”

U.S. Senators Kamala D. Harris, Ben Cardin, Maria Cantwell, Chuck Schumer, Cory Booker and Catherine Cortez Masto Introduce Legislation to Invest in Minority-Owned Businesses

New Bill Would Broaden Reach of Minority Business Development Agency & Make It Permanent.

ChicagoMSDC’s New President and CEO

ChicagoMSDC Officially Welcomes New President and CEO June 26, 2020 – Chicago Minority Supplier Development Council (ChicagoMSDC) officially announces that J. Vincent Williams will be the new President and Chief Executive Officer. Effective July 1, 2020, Mr. Williams will be the 5th President of the Council over the last 50 years of its history. Founded in 1968, ChicagoMSDC is […]

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 inclusion policies and programs Vistra $10 Million Donation: Social Justice and Equity from Vistra Energy on Vimeo. IRVING, Texas, June 22, 2020 /PRNewswire/ — Vistra (NYSE: […]

NMSDC at the Center of Ensuring Minority-Owned Businesses Get Federal Funds

In an effort to help more nonwhite businesses get federal funding through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the National Minority Supplier Development Council, Inc. (NMSDC) Business Consortium Fund (BCF) and Midwest BankCentre teamed up to help certified Minority Business Enterprises access the federal emergency funds.

St. Louis bank agrees to fund PPP loans for minority businesses nationwide

ST. LOUIS — Midwest BankCentre is partnering with the National Minority Supplier Development Council Inc. (NMSDC) to provide certified Minority Business Enterprises nationally with funding through the Paycheck Protection Program.

Nicklaus: Minority businesses are frustrated by a federal loan program. A national group turned to a St. Louis bank for help

When banker Orvin Kimbrough got a haircut last week, he also gained insight into how small businesses are coping with the coronavirus pandemic. His barber, an African American woman who owns her shop, mentioned that she had taken out a $5,000 payday loan to pay bills. Kimbrough, the chief executive of Midwest BankCentre, told her […]

Minority Business Enterprises Offered PPP Assistance

NMSDC recently announced the establishment of a new partnership between their Business Consortium Fund and Midwest BankCentre to assist certified Minority Business Enterprises (MBEs) with funding access through the Paycheck Protection Program.

In This Together

This is a painful time for our nation. Like you, our entire organization and our staff are struggling to understand the senseless deaths of George Floyd and too many others whose lives have been impacted by racial injustice. Our thoughts go out to their families. But minority communities need more than grief and words.

NMSDC Secures Partnership to Connect MBEs with PPP Funding

The National Minority Supplier Development Council, Inc. (NMSDC) is pleased to announce the establishment of a new partnership between their Business Consortium Fund (BCF) and Midwest BankCentre to assist certified Minority Business Enterprises (MBEs) with funding access through the SBA’s Paycheck Protection Program (PPP). Details about how to access funding are available online by visiting BCF’s website at www.bcfcapital.com/ppp-disclosure.

Wells Fargo & NMSDC Partner to Present Four Minority Business Leadership Academies in 2020

FOR IMMEDIATE RELEASE Contact: MarCom@NMSDC.org Wells Fargo & NMSDC Partner to Present Four Minority Business Leadership Academies in 2020 (New York, NY: May 15, 2020): Wells Fargo & Company and the National Minority Supplier Development Council (NMSDC) have announced the creation of four Minority Business Leadership Academies. The year-long academy program is designed to enable minority […]

#GivingTuesdayNow

NMSDC is deeply concerned about the state of the minority businesses we serve as they are traditionally hardest hit by downturns. COVID-19 is and will continue to have a dramatic economic impact on minority businesses. Minorities are the higher impacted communities when it comes to the economic recession. We’re stepping up, but we need your [...]

Goldman Sachs 10,000 Women Expands Free Online Education For Small Businesses

The Goldman Sachs Foundation today announced that it is making its world-class 10,000 Women online business education course available to more women around the world, free of charge.

COVID-19: Investing in Black Lives and Livelihoods

The unfolding public-health and possible economic disaster of the pandemic will disproportionately affect black Americans—unless stakeholders respond immediately.

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)

WASHINGTON – SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation: “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 […]

NMSDC COVID-19: National Office Plan

Our number one priority is to ensure the health, well-being, and safety of the NMSDC staff as concern grows about the spread of the COVID-19 virus. Effective Friday, March 13, until further notice, the National Office staff will be working remotely. We will be conducting business as usual; however, the office will not be open to guests for in-person meetings.

NMSDC Supports NAIC Initiative to Facilitate the Raise of $1 Billion of Growth Equity Capital for MWBEs

We are excited to announce that the Minority Business Development Agency and the National Association of Investment Companies have teamed to identify and facilitate the raise of $1 billion of growth equity capital for minority and women businesses.

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. “

NMSDC President/CEO Adrienne Trimble Named To The 2020 Ebony Power 100 List

EBONY REVEALS ITS ANNUAL EBONY POWER 100 LIST. Power Couples, MVPs and Shining Stars take a bow with iconic entertainment honorees including Super Bowl Champ, Patrick Mahomes, actress, Cynthia Erivo and John Legend & Chrissy Teigen.

Resources for Minority-Owned Businesses

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.

2020 Leadership Awards Nomination Process Open

Dear NMSDC Community, DEADLINE EXTENSION! The 2020 Leadership Awards Nomination deadline has been extended until January 27th. For your convenience, we have enclosed the nomination questions in Word document form to serve as a worksheet. Click here to download. The Leadership Awards take place on Thursday, May 14 at the New York Hilton in Midtown […]

The National Minority Supplier Development Council Rewards Jacqueline Matos

Read the full article here:  https://www.elnuevodia.com/negocios/empresas/nota/distinguenlalabordesuplidoraboricua-2494708/  

NMSDC Featured in Hispanic Network Magazine

Read about how NMSDC has helped your business community in Detroit, MI, this year’s host to the NMSDC Conference and Business Opportunity Exchange.

The Importance of Supply Chain Diversity

Diversity has become a business buzzword in recent times, with numerous C-suite executives viewing it as simply a tick-box exercise, alas. And yet a growing welter of evidence suggests the manifold advantages of utilising diverse supply chains – engaging suppliers from ethnic, racial and gender minorities – are too significant to be ignored.

NMSDC ⎮ Joseph R. Hinrichs Named Chairman of NMSDC

For Immediate Release June 9, 2016 Press contact: Phil Thurston (212) 944-2430 ext: 127 The National Minority Supplier Development Council (www.nmsdc.org) is pleased to announce that Joseph R. Hinrichs, executive vice president and president, The Americas, Ford Motor Company, has accepted the position of Chairman of NMSDC. Mr. Hinrichs joined Ford in 2000, following positions [...]

CSCMP⎮Corporations Receive National Awards

Citigroup, Bristol-Myers Squibb, and others receive national awards for minority supplier development   By Staff | June 8, 2016 The National Minority Supplier Development Council recently recognized both individuals and corporations for their leadership in supplier diversity. Both individuals and businesses of all sizes were honored on May 18 at the 2016 National Minority Supplier [...]

New York Beacon⎮NMSDC Leadership Awards

MBNUSA ⎮ Ford: NMSDC’s Corporation of the Year

Ford Motor Co. has been a leader in the auto industry since it was founded by Henry Ford in 1903.

MBNUSA ⎮ Supplier Diversity’s Future

At the 2015 National Minority Supplier Development Council Conference, several chief procurement officers from leading corporations participated in a session titled “The Future of Minority Supplier Development” to share their views on developing supply chains that can be engines for economic growth.

MBNUSA ⎮Chicago MSDC Delivers

Chicago is known for being the Windy City, deep dish pizza, the “L” train and – in supplier diversity circles – the Chicago Minority Supplier Development Council.

BLACK ENTERPRISE | Joset Wright-Lacy Predicts Supplier Diversity Future – Part 2

"The numbers don’t lie." by Safon Floyd    Posted: May 21, 2016 In Part 2 of an enlightening conversation on the supplier diversity landscape with National Minority Supplier Development Council (NMSDC) president, Joset Wright-Lacy, BlackEnterprise.com learns of the commodity, necessity, and future of diverse suppliers. Check it out. How is the NMSDC going about ensuring [...]

GLOBAL DIVERSITY NEWS | NMSDC President Joset Wright-Lacy: 6 year plan

Global Diversity News speaks with Joset Wright-Lacy about NMSDC's 6 year plan.

BLACK ENTERPRISE | President Talks Prejudice in Business – Part 1

National Minority Supplier Development Council President Talks Prejudice in Business – Part 1 President of one of the country’s leading corporate membership organizations, Joset Wright-Lacy, talks the impact and importance of the NMSDC's diversity initiative by Safon Floyd    Posted: May 20, 2016 It’s hard to argue against the necessity for supplier diversity in the [...]

HUFFINGTON POST | Lost Minority Business

Lost Minority Business = Millions of Missing Potential Jobs and Billions in Income 05/09/2016 01:06 pm ET | Margarita Hakobyan is a businesswoman and an entrepreneur that is addicted to creating. Founder and CEO of MoversCorp and Solopreneurs.co What if you heard that there’s an easy way to create a million businesses, and those businesses [...]

THE NETWORK JOURNAL | Economic Development Administration Announces Major Opportunities

Economic Development Administration Announces Major Opportunities for Innovators and Entrepreneurs By: TNJ STAFF Thursday, May 5, 2016 This week, EDA’s Office of Innovation and Entrepreneurship (OIE) is excited to announce major developments in two of its core initiatives:     •    Beginning May 2, 2016, OIE is soliciting applications for appointment to the National Advisory Council [...]

BLACK ENTERPRISE | National Minority Supplier Development Council Honors Diversity Leaders

Council recognizes diversity leaders for positive impact on companies by Safon Floyd    Posted: April 14, 2016   On Wednesday, May 18, the 2016 National Minority Supplier Development Council Leadership Awards will recognize the dynamic corporate executives, minority business owners, and NMSDC affiliate council presidents for outstanding leadership that has a positive impact on their [...]

GLOBAL DIVERSITY NEWS | Diversity news from around the globe

Global Diversity News takes a look at Access to Capital Among Minority Business Enterprises. After taking a look at the "National Survey Access to Capital Among Minority Business Enterprises" 2015 report, I decided to write a review on its findings. Here some basic information you need to understand before we dig in: 456 diverse businesses [...]

BARBARA OLIVER | Interviews Joset Wright-Lacy

Barbara Oliver and Joset Wright-Lacy of NMSDC at Impact 2016 in Las Vegas. Listen to podcast>

TELEMUNDO | Impact 2016

Telemundo Coverage of IMPACT 2016 Please click here to watch the video

MONEY MONDAYS | with Mellody Hobson

Tom: Today you’re giving us an update on the state of Black entrepreneurship. Mellody: I decided that a good way to close out Black History Month would be to look at the future, and what better way to do that than highlighting those in our community that are striking out on their own to start new, [...]

CSCMP | Why minority suppliers belong in your supply chain

Including minority business enterprises in your roster of suppliers can generate meaningful business benefits, says Joset Wright-Lacy, president of the National Minority Supplier Development Council. What do you look for in a supplier? Quality products and services, favorable pricing, reliability, flexibility … the list of possibilities is a lengthy one. Joset Wright-Lacy would like supply [...]

Black EOE Journal: Conference Wrap-up

The NMSDC Conference offers and environment to identify business opportunities and to attend workshops and seminars to help corporate members and MBEs develop their skill.  Workshops and seminars one such topics as sourcing and access to capital, global expansion, and aligning corporate strategic planning with minority supplier development were available to attendees.  Wells Fargo and […]

U.S. Veterans Magazine

The NMSDC Conference offers an environment to identify business opportunities and to attend workshops and seminars to help corporate members and MBEs develop their skill. Read the full article here.

Survey: Improving Access to Capital Among Minority Business Enterprises Is ‘An Economic Imperative’

Black-owned businesses are an engine of growth in the U.S., and they must be supported.  The United States is becoming an increasingly Black and Brown country, so it is incumbent upon the nation to offer more economic opportunity for those who traditionally have been left out of the process and who have been so used […]

Diversity in STEAM Magazine

“NMSDC and their affiliates can open doors for opportunites to develop relationships that can grow your business” Full article>

MBE magazine interviews Marquis Miller

Marquis Miller, Vice President of Field Operations discusses findings from the Economic Impact Report. The Economic Impact Study started in August of 2014, it was designed to create more detail around the “why” minority supplier development works for corporate America.  

Joset Wright-Lacy On Challenges Facing Minority-Owned Businesses

Houston is the most racially and ethnically diverse city in the nation. But even here, minority-owned businesses face serious difficulties competing with those owned by white males. Joset Wright-Lacy is president of the National Minority Supplier Development Council. She joins Andrew Schneider on this week’s “Bauer Business Focus.” MBEs in Houston generate over $17 billion a […]

Uptown Professional

A lawyer by trade and now president of the National Minority Supplier Development Council by choice, Joset Wright-Lacy presides over the largest corporate membership organization in the world dedicated to the development of minority business.     Download PDF>

Houston Style Magazine – ” NMSDC Annual Conference Redefines the Business Case for Minority Businesses and Corporate America

NMSDC Annual Conference Redefines the Business Case for Minority Businesses and Corporate America NY, NY Sept. 29, 2015 – The National Minority Supplier Development Council (NMSDC) – the nation’s premier corporate membership organization focused exclusively on increasing opportunities for minority-owned businesses – will host its annual Conference and Business Opportunity Exchange in San Diego, CA, […]

Hispanic Network Magazine talks about “NMSDC profiles in success”

NMSDC profiles on Tillie Hidalgo Lima (Best Upon Request), Rosa Santana (Integrated Human Capital), Nina Vaca (Pinnacle Group) and Fred Lona (Hilton Worldwide) Download PDF>        

Joset Wright-Lacy in the Black EOE Journal

Wright-Lacy elaborates, “Where there is no strong leadership committed to minority inclusion, the culture will reflect that. The culture has to change, because whether we like it or not, the demographics of this country are changing in such a way that we have to recognize. The sooner we learn how to leverage the challenge of […]

Meet the Man Who Started a Conversation Worth a Billion Dollars: Clifford A. Bailey

Talking to business owner and National Minority Business Enterprise Input Committee (NMBEIC) Chair, a committee of the National Minority Supplier Development Council (NMSDC) , Clifford A. Bailey, it is obvious why he has been so successful in every role he has assumed. He sits on the board NMSDC and as the NMBEIC Chair, represents more […]

NMSDC Honors Top Corporations and Minority Businesses

The National Minority Supplier Development Council (NMSDC) held its 2015 Business Conference and Expo at the San Diego Convention Center from October 18-21. The four-day event brought together over 6,000 minority suppliers and representatives from some of America’s largest corporations.

Economic Impact Report Shows Pivotal Role of Minority-Owned Businesses In U.S. Economy

NMSDC retained The Institute for Thought Diversity to conduct a study to assess the economic impact that the NMSDC MBE community has on the United States economy (and Puerto Rico).

Leader of the Year

NMSDC is currently accepting nominations for the Leader of the Year Award which recognizes outstanding corporate leaders and innovative minority business enterprises in our network. NMSDC  is excited to recognize outstanding corporate leaders and innovative minority business enterprises in our network.  National corporate members are invited to nominate a deserving supplier diversity professional for the […]

2015 M&A Summit in October

NMSDC’s Mergers and Acquisitions Summit, originally scheduled for May 2015, will now be incorporated into NMSDC’s Annual Conference and Business Opportunity Exchange.

In Memory of Lynda Ireland

NMSDC mourns the passing of Lynda Ireland, former President & CEO of NY&NJ Minority Supplier Development Council. Lynda’s dedicated service with the NYNJMSDC spanned nearly two decades.

MBDA Webinar: Accessing Alternative Financing for your Business

On Wednesday, April 1st join the Minority Business Development Agency for a free access to capital webinar on financial products that can help take your business to the next level. John Herrera, president of Lakeview Leasing, will discuss the types of alternative financing available to grow and finance your business venture. Lakeview Leasing is a financial solutions firm […]

2015 M&A Summit

Bridge to Billion Dollar MBEs The intersection of performance, opportunity and access to capital is where business success occurs. While many MBEs have been successful at organic growth it does not increase capacity at the rate required by corporations. They are seeking MBEs with increased scale and capacity now to include in their supply chain. […]

NMSDC launched IMPACT 2015

On March 3 and 4, NMSDC launched IMPACT 2015, a two-day event hosted by Time Warner Inc. featuring knowledge sharing, networking, updates on exciting new initiatives and a focus on our NMSDC certified women business owners. IMPACT 2015 was a  highly-interactive event for national corporate members, MBEs and women-of-color entrepreneurs.  It brought together experts including […]

EY Entrepreneur of the Year – Nomination Deadline: March 6, 2015

Visionaries. Game changers. Those who change our lives every day, in every way. That defines the EY Entrepreneur of the Year. Nominate an NMSDC-certified MBE for this prestigious honor today. The application deadline is Friday, March 6. Access the online application and view the nominations materials at http://ey.com/us/eoy. [gview file=”http://www.nmsdc.org/wp-content/uploads/NMSDC-opportunity-EOY-2015_Final.pdf”]

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