News

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

 

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

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 […]

Consent to use photographic images:

Registration for, participation in and/or attendance at NMSDC meetings and other activities constitutes an agreement by the attendee to NMSDC’s use and distribution (both now and in the future) of the registrant or attendee’s name, likeness, image, voice, comments and/or appearance in any and all media, including the Internet, for any purpose consistent with the NMSDC’s mission, without compensation.