NMSDC Celebrates August as National Black Business Month

NMSDC is committed in helping enable Black-owned firms and all other certified MBEs for growth

New York, NY – In recognition of the enduring contributions and economic performance of Black-owned businesses, the National Minority Supplier Development Council (NMSDC), America’s most influential and successful minority business development organization, recognizes August as National Black Business Month.

NMSDC celebrates Black businesses and Black entrepreneurs for their successes, milestones, and historical progress. Despite contending with historical barriers and the hardships from COVID-19, Black-owned businesses have showcased the resilience and acumen that make the dream of economic mobility possible for all Americans.

“At NMSDC, we believe that Black-owned businesses and all certified Minority Business Enterprises (MBEs) deserve every opportunity to reach their full potential,” said Ying McGuire, CEO and President of NMSDC. “Diversity, equity, and economic inclusion are in our nation’s interest.”

“We know that the pandemic has impacted MBEs disproportionately harder. As we support and invest in Black-owned businesses, we are investing in the revitalization of the American economy and strengthening underserved communities in the aftermath of COVID-19.”, added McGuire.

The nation’s 2.6 million Black-owned businesses generate more than $150 billion in annual receipts, per U.S. Census information. These business owners have historically experienced barriers to accessing financing and resources critical to business success.  Among business organizations, NMSDC has the strongest track record of delivering a suite of technical assistance, relationships, and contracting opportunities that help MBEs expand capacity and scale operations.

“For nearly 50 years, NMSDC has delivered the support, programming, network, and life-changing certifications that help facilitate the growth and success of Black-owned businesses,” said Jose Turkienicz, NMSDC’s Chairman of the Board “We are strongly committed in helping them and all NMSDC’s certified minority businesses gain access to capital, tap into government and corporate resources and through our year-round development programs, which includes our conferences and business opportunity exchanges”.

NMSDC Certification Offer a Path to Government and Corporate Procurement Opportunities

NMSDC offers MBEs the gold-standard certification that has created pathways to global economic prosperity and access to potential contracting opportunities. NMSDC certification gives MBEs access to top corporate purchasing opportunities.

NMSDC is the only national minority business development organization that provides and guarantees this degree of certification throughout the United States.

Nearly 7-in-10 NMSDC Business Consortium Fund Loans Have Gone to African American Firms

Since 1987, NMSDC Business Consortium Fund has evolved into America’s most comprehensive financing and technical support organization, exclusively serving NMSDC-certified businesses, providing loan programs and consulting services. The consortium has issued more than 1,002 loans and provided more than $225 million to fuel the growth of certified minority-owned companies. Sixty-eight percent (68%) of the recipients have been certified African-American firms.

NMSDC Offers Nationwide Support System

NMSDC serves 1,750 corporate Members, including America’s top publicly-owned, privately-owned and foreign-owned companies and supports more than 14,000 minority owned businesses.

For additional information about NMSDC, log on to www.NMSDC.org. For interviews, please call 212-944-2430.


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