The Business Case For MINORITY BUSINESS ENTERPRISES

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The Business Case For MINORITY BUSINESS ENTERPRISES

Transcript Of The Business Case For MINORITY BUSINESS ENTERPRISES

The Business Case For
MINORITY BUSINESS ENTERPRISES
Fueling Economic Growth
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THE FUTURE MAJORITY
120 million strong and increasing by 2.3 million per year, multicultural populations are the growth engine of the future in the U.S. Hispanics, African-Americans, AsianAmericans, and all other multiculturals already make up 38% of the U.S. population, with Census projections showing that multicultural populations will become a numeric majority by 2044.
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Advancing Business Connections That Count

TOC
Contents

Our Goals & Call To Action ....................................................................................... 5 Our Mission ............................................................................................................. 7 NMSDC By The Numbers ......................................................................................... 8 National Corporate Members ....................................................................................14 National Affiliates .................................................................................................... 18 Growth Trends - The Emerging Minority Marketplace ....................................................... 20 Economic Impact ...................................................................................................... 21 Minority Purchasing Power .......................................................................................... 24 U.S. Population Growth ............................................................................................. 26

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45 YEARS OF CREATING JOBS IN AMERICA
Did you Know?
The idea of minority supplier development began with a Presidential mandate, during the Nixon administration, for federal government projects to seek the inclusion of suppliers from the Asian, Black, Hispanic and Native American communities in the bidding and awarding of federal contracts.
Inspiring this innovation was a series of initiatives in Chicago in 1968 to showcase minority businesses and what they offered.

45
Years
Later

Minority Businesses Generate $1 Trillion in Economic Output

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OUR GOALS
1. To ensure equivalent opportunities for minority businesses in federal entrepreneurship policies and contracting.
2. To demonstrate to federal policy makers and other business stakeholders that NMSDC is the thought leader in advocating for minority business growth and development.
3. To enlighten federal policy makers and others in how NMSDC’s minority supplier development policies and strategies are synonymous with best practices and are key tools for growing mature minority businesses of scale and size across all industry sectors.
4. To establish NMSDC’s authority as the go to resource for comprehensive information and advice concerning policies, regulations, and/or legislation concerning minority-owned businesses, contracting, growth and development.
OUR CALL TO ACTION
1. Advocate – urge the Trump Administration and the Congress to fully enforce existing federal rules concerning MBE diversity and inclusion for direct and federally assisted contracting. Request that the Trump Administration and the Congress collect, publish and assess data from every federal agency concerning their respective diversity and inclusion goals.
2. Collaborate – partner with NMSDC on ways to modernize and improve minority business/DBE certification processes and particularly federal certification requirements to better correspond to market realities.
3. Support – pilot programs that utilize NMSDC’s expertise in performing certification functions.
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Passion Inspires the mission of NMSDC
Our mission is to accelerate economic growth by driving opportunities and collaboration between corporations and minority businesses.
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OUR MISSION
The National Minority Supplier Development Council (NMSDC) is in its fourth decade as the nation’s most dynamic force in developing successful relationships between America’s top corporations and supply-chain providers from the Asian, Black, Hispanic and Native American communities.
Chartered in 1972, NMSDC has established a network of corporate members, now numbering over 1,400. Among them are America’s top companies – publicly, privately and internationally owned – as well as universities, hospitals and other institutions with supply-chain needs.
NMSDC connects these corporate members with qualified minority-owned suppliers of all sizes – Minority Business Entrepreneurs (MBE) – that meet a high standard of excellence. NMSDC insures that standard in four essential steps:

Certify

Examine and investigate each MBE, verifying its viability, its practices and its capacity for growth.

Develop

Introduce and facilitate a mutually beneficial business relationship between MBEs and corporate members.

Advocate

Assist and enable MBEs in expanding their visions and their capabilities, to meet the needs of corporate members.

Connect

Promote and strengthen a universal understanding of the value of minority supplier development.

From its headquarters in New York, NMSDC coordinates its work nationally through 23 regional councils, each of which certifies, develops, connects and advocates for the relationship between MBEs and corporate members in its region.
Passion inspires the mission of NMSDC.
Perspective builds a firm foundation, in fact and perception,for NMSDC’s goals.
Progress drives those enduring goals, in an evolving and ever-expanding business universe.
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NMSDC BY THE NUMBERS
THE NETWORK
NMSDC connects 1,422 corporations (including 472 national corporate members and 950 local corporate members) with nearly 12,000 nationally-certified Asian, Black, Hispanic and Native American-owned businesses.
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NMSDC BY THE NUMBERS
70% MBE GROWTH RATE
Increase expected by 3.3 Million Minority Business Owners from 2000 to 2045.
$400 BILLION
ANNUALLY
2.25 Million people actively employed both directly and indirectly by NMSDC-certified MBE firms.
1,422
CORPORATE MEMBERS
Including 472 national corporate members and 950 local corporate members.
12,000
CERTIFIED MBES
Asian, Black, Hispanic and Native American-owned businesses.
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NMSDC BY THE NUMBERS
ANNUAL SALES OF CERTIFIED MBES

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OVER $1BILLION
576
CLASS IV: Annual sales greater than $50 Million
1,689
CLASS III: Annual sales between $10-$50 Million
4,288
CLASS II: Annual sales between $1-$10 Million
4,178
CLASS I: Annual sales less than $1 Million

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NmsdcSalesMissionHispanicMbes