Equity Begins with Empowerment
Be part of the solution.
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Owning a business is part of the American dream. It’s the freedom to start something from nothing and follow your passion. But for many minorities that dream has been out of reach.
That’s why the combined work of the NMSDC and CSAC matters so much. With twenty-five procurement officers from some of the largest global organizations committed to accelerating change, we can help minority businesses achieve their dreams. We can be part of the solution.
Increase participation and engagement
Develop innovative training
Identify technology assets and increase access
NMSDC - CSAC: Collaboration and Commitment
NMSDC Roles and Involvement
Provide executive oversight
Ensure that information is shared with the NMSDC Executive Leadership Team
Provide a liaison to help coordinate the CSAC programs and projects
Help identify and develop MBEs suitable for CSAC via existing programs
Establish and help formalize connections to NMSDC infrastructure such as the Office of Entrepreneur, Entrepreneur-in-Residence, Corporate Plus members, and The Growth Initiative
We are the nation’s largest, most impactful, and successful non-profit advocacy organization for MBEs, proving growth for MBEs is growth for all.
Our success is historic and unmatched:
Connected to more than 1,500 corporations
Resulting in nearly $400 billion in economic output annually
Generating $130 billion in tax revenue
1.75 million jobs
CSAC Leadership and Member Organizations
MBE Growth Initiative Program
Provides MBEs with the potential for substantial growth and the opportunity to access equity capital, while retaining management and control, and the advocacy of NMSDC and its member corporations.
Addresses corporate member requests for assistance in locating minority suppliers with the capacity to fulfill national contracts.
MBE Impact Report
A study to better understand how the coronavirus pandemic and the racial justice movement affected NMSDC certified MBEs over the last two years.
While many C-Suite executives have acknowledged the merits of having both an employee base as well as a supply chain that reflects our broader societal demographics, little tangible progress has been made. According to NMSDC, Fortune 500 companies currently direct an average of two percent ($125 billion) of their total spend to minority-owned businesses, but their stated target is 10-15 percent. However, with 95 percent of minority businesses having less than $5 million in revenue, few MBEs have the scale to accommodate this $1 trillion opportunity.
Project Black will change that. This new affiliate of Ariel Investments will invest in middle-market companies transforming these entities into certified minority-owned business enterprises (MBEs) of scale and forging a new class of Black and Latinx entrepreneurs.
CSAC is pleased to be working with Project Black to accomplish our joint and compatible missions; enabling a larger percentage of corporate budgets to be allocated to vendors owned and run by people of color.
“The CSAC committee was formed to support the vital work that NMSDC has been doing for over 50 years. Our mission is straightforward; to substantially expand the number of opportunities for minority business enterprises. By facilitating connections and mentorship opportunities as well as providing insights and other valuable resources to MBEs, we can make a significant impact.”
Farryn Melton CSAC Chair, SVP Diversity, Equity & Inclusion and Chief Procurement Officer for Bristol Myers Squibb