News

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

 

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

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 […]

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