A MESSAGE FROM THE COUNCIL PRESIDENT
The New York & New Jersey Minority Supplier Development Council will hold its annual Networking for Scholarships event at the Montclair Country Club in Montclair, N.J. on June 16, 2015 and its Business Opportunity Expo on June 17th at the Meadowlands Exposition Center in Secaucus, N.J. These annual events provide our corporate members and certified MBEs with opportunities to seek out and renew business relationships that will enhance their supplier base and provide additional opportunities for new business for our MBEs. If you have
not already registered for these events, please do so now. Registration information is available on our website at www.nynjmsdc.org. I am looking forward to seeing you at these events in mid-June.
In speaking with our MBEs, many have shared that “access to capital” is a hindrance to the growth of their businesses. As a result of this feedback — during this month — we will launch several new programs that will provide our MBEs with new options for accessing capital. These programs will provide accounts receivable, debt and equity financing opportunities for all Classes of certified MBEs, and are designed to provide alternatives to traditional financing. In the coming months we will provide programs that focus on business management as we look to ensure that MBEs that are looking for corporate and public sector business opportunities are in the best position to successfully access those opportunities.
Terrence Clark, President and CEO
Walmart and Sam’s club collaborated with The Council
On May 5th Walmart and Sam’s Club collaborated with The Council to present the Minority Supplier Local Forum in Buffalo, New York. The morning session educated minority firms on the requirements needed to do business with Walmart and Sam’s Club. The afternoon session was attended by regional and local store managers in order for them to
understand the importance of doing businesses with local and minority suppliers.
In addition, vendors were able to showcase their products to Walmart associates. As Queens Ark’s CEO, Mohammed Raushan, stated “The Walmart Forum was informational and productive! I am glad I made the 7 hour drive because I got to interact with actual decision makers”.
2015 MBE Annual Meeting
On May 7, 2015, The Council held its MBE Annual Meeting, at BNY Mellon in NYC. The session featured two robust panels focusing on Access to Business Capital, Access to Contract Funding and a MBE to MBE Business Exchange Panelists included senior level experts from BNY Mellon, JP Morgan Chase,
Morgan Stanley, NYC Small Business Development, Altura Capital, Empire State Development and the Manhattan MBDA Business Center.
With over 100 MBEs registered, the MBE Business Exchange allowed Council-certified suppliers to meet one on one and exchange procurement opportunities, as well as exchange business ideas and discuss potential joint venturing.
These meetings are held in the second quarter each year and are jammed packed with information on Minority Business trends, Council and NMSDC updates and hosted by our official MBE Annual Meeting Sponsor – BNY Mellon. See you next year!
CORPORATE MEMBER SPOTLIGHT:
Prior to her role as the Supplier Diversity Advocate at EmblemHealth, Carolyn Gainey served as EmblemHealth’s Chief of Staff for the Office of the Chairman and CEO, acting as the liaison between the Office of the Chairman and senior officers, members of the Board of Directors, client organizations, provider groups, trade organizations and publicly elected officials.
Carolyn has been EmblemHealth’s Supplier Diversity Advocate since January, 2014, and finds it both challenging and exciting to enhance the program through educating the company’s internal departments about supplier diversity.
“Now, when we go out to bid, our buyers are more familiar with the process,” says Carolyn. “As their needs arise, they have a clearer understanding of how our Supplier Diversity area can provide them with the supplier best suited for the RFP process”. Her goal is to engage the buyers and suppliers in the early stages so that there is a platform for them to build on.
Regarding what EmblemHealth seeks in diverse suppliers, Carolyn says, “We have both corporate and medical sites so our products and services vary greatly. When we need a particular product or service, we try to meet that challenge by connecting our buyers with competitive, high quality and technologically innovative diversified suppliers.”
To find out more and register with EmblemHealth, go to www.emblemhealth.com type in “Access to Opportunity” and follow the instructions.