This recent report on supplier diversity highlights the need for action to fuel our country’s economic growth.
2018 NMSDC Supplier Diversity Business Case: MBE Development is America’s Future
In its 2018 Business Case on Minority Business Enterprises, The National Minority Supplier Development Council urges the Trump Administration and members of Congress to fully enforce existing Minority Business Enterprise (MBE) related federal rules, align federal certification processes with market realities, and pilot programs utilizing NMSDC certification expertise and talent. According to the report, NMSDC is not asking for business welfare or handouts, but rather seeks to build strategic and mutually-beneficial partnerships in which corporate needs are met – and often exceeded – by MBEs who want nothing more than an opportunity to bid for and do the job.
The business case highlights the positive economic impact MBEs have on communities throughout our nation and corporations. NMSDC calls for the reconsideration of legislation that would eliminate funding for the Minority Business Development Agency (MBDA) of the U.S. Department of Commerce, created in 1969 by President Regan. NMSDC calls for President Trump to understand and support our value proposition: to build strategic, mutually beneficial partnerships in which corporate needs are met – and often exceeded – by MBEs who want nothing more than an opportunity to bid for and do the job.
Research challenges the attitude of many business leaders, who worry that dedicating resources to supplier diversity will divert attention from other strategic services. “By every metric, MBEs certified by NMSDC are recharging the American economy with their success and growth.”
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