For Immediate Release
December 8, 2021
Lisa Whaley Morris
VP Strategic Alliances
Ying McGuire, CEO and President of NMSDC, Named Member
of the SBA’s Council on Underserved Communities by Administrator Guzman
Ying McGuire, alongside Council on Underserved Communities (CUC) Chair John Rogers and 12 distinguished leaders, will develop recommendations to address the nation’s pressing challenges affecting Minority Business Enterprises (MBEs) and underserved small business owners.
NEW YORK, NY, Dec.8, 2021 (GLOBE NEWSWIRE) – Today, U.S. Small Business Administrator Isabella Casillas Guzman named Ying McGuire, CEO and President of the National Minority Supplier Development Council (NMSDC), to serve on the reconvened Council on Underserved Communities (CUC) authorized under the Federal Advisory Committee Act (FACA). Under newly-appointed Chair, John W. Rogers, Jr, Founder and Co-CEO of Ariel Investments, Ying McGuire, CEO & President, NMSDC and the CUC will work to further the equity priorities of the Biden-Harris Administration by making programmatic and policy recommendations to Administrator Guzman and the SBA to increase access and opportunity across SBA’s programs and initiatives to help level the playing field for all of America’s entrepreneurs. With a focus on serving minority-owned businesses, NMSDC is uniquely positioned to help the SBA in achieving its equity goals and deepening its relationships with Minority Business Enterprises (MBEs).
“It is an honor and a privilege to serve on the SBA’s Council on Underserved Communities. The work that we do will be imperative to improve and strengthen equity among women, veteran-, and minority-owned businesses. We have a once in a lifetime opportunity to rebuild our nation’s economy and close the racial wealth gap – and there is unprecedented momentum from the private and public sectors to eliminate disparities. Because of this, I am excited about our future, and the critical and vital role Small Businesses in underserved communities will play in stimulating economic change,” said Ying McGuire.
“I look forward to relaunching the CUC and working with Chairman John Rogers, Ying McGuire and our other newly-appointed members to support President Biden’s commitment to equity as we build our economy back better,” said Administrator Guzman. “An economic recovery for all of us means that we must do everything we can to help all of our small business and innovative startups emerge from the pandemic stronger and more resilient; and SBA is committed to ensuring our underserved entrepreneurs can access capital, markets, and networks to grow their businesses.”
Drawing from the nation’s most diverse and accomplished small business owners, community leaders, and advocates, Administrator Guzman’s CUC membership represents the voices and interests of America’s diverse small business owners, including those in disadvantaged groups such as women and communities of color. Together, the CUC’s members will work to promote public investment and policy formation to address the barriers facing underserved small businesses.
NMSDC has made a tremendous impact on Minority Business Enterprises (MBEs) and has been at the forefront of creating economic opportunities for communities of color for 50 years. NMSDC certified minority-owned businesses generated $400 Billion annual economic output, created, and sustained $2.2 million jobs. We are witnessing a truly remarkable moment in U.S. history, during which private and public enterprises are demonstrating an earnest commitment to inclusivity and diversity in the economy – from education initiatives to workforce development, hiring, contracting, and supporting entrepreneurship.
Read more about Ying McGuire’s fellow CUC members in the SBA’s full release here. Additional information about the CUC can be found at www.sba.gov/CUC. The SBA will announce CUC additional members in the coming weeks as well as the official meeting dates.
About the Council on Underserved Communities
Initially established in 2010, the Council on Underserved Communities provides advice, ideas, and opinions on SBA programs, services, and issues of interest to small businesses in underserved communities. The 20 member federal advisory committee serves as an essential connection between the SBA and underserved small businesses to work towards creating new and insightful initiatives to spur economic growth, job creation, competitiveness, and sustainability across all communities.
The National Minority Supplier Development Council Inc. ® (NMSDC®) is one of the country’s leading corporate membership organizations with a national office in New York, 23 affiliated councils across the country, and 5 global affiliates. NMSDC is committed to advancing Asian, Black, Hispanic and Native American suppliers in a globalized corporate supply chain by matching its more than 15,000 certified minority-owned businesses to a vast network of corporate members who wish to purchase their products, services and solutions. Our 1,500 national and regional corporate membership includes many of the largest public and privately-owned companies, as well as healthcare companies, colleges and universities.
# # #