From the President's Desk

Hello Stakeholders',

I would like to take this moment to cordially invite all of our Corporate Members, Certified MBEs and collaborative partners to join us in SMSDC's Premier Face Time VIRTUAL Expo. Early registration is now open!  Make sure to register now for your discounted price! 

This year's theme,“New Chapters in Supplier Diversity”, was at the forefront of many internal dialogues based on the current socio-economic climate, technological advancements and the new ways we are all doing business since COVID.

The annual event is a networking forum designed to connect Minority Business Enterprises with corporations who are looking for procurement opportunities with diverse suppliers. Be an integral part of the Buyer's Breakfast Roundtable and sit with corporate buyers from Toyota, Dell, Chevron, ConocoPhillips , Itron, OG&E Energy, CenterPoint Energy, The University of Texas, University Health Systems as well as state agencies.

Early registration for the 2022 Premier Face Time is now open. For Certified MBEs only! Be one of the first 50 MBEs to register for a $25 discount off your registration. The discount offer is for Certified MBEs only. You must contact Mayra Peña at mayra@smsdc.org to get the discount code. 

SMSDC's Center of Excellence kicks off June 1st.  This program facilitates the development and growth of certified diverse businesses to compete and become more prepared to meet the more rigorous vendor requirements currently in use by the council member corporations. MBEs have been selected and invited to participate in this astounding opportunity.  We are excited to be 1 of 5 councils selected for this prestigious program.  The 12-month program will conclude with a graduation on May 2023.  To learn more about this program, contact Mayra Pena at mayra@smsdc.org.

Sincerely,

Karen Box

President & CEO

SMSDC

REGISTRATION OPEN!

"Premier Face Time Virtual Expo"

June 15-16, 2022

Registration now open!

See details below.

Register early and save..... CLICK here now!

SAVE THE DATE!

"New Frontier Showcase Virtual Event"

July 21st

Registration opening soon!

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"Diversity at the Border Virtual Event"

September 22nd

Registration opening soon!

SMSDC 2021 Annual Report

We are excited to share our 2021 Annual Report. The annual report shares SMSDC's 2021 activities and financial position. Please take a look to see the Council's success in 2021.

FOR IMMEDIATE RELEASE

May 3, 2022

Press Contact:

Stefan Bradham

Vice President, Marketing and Communications

stefan.bradham@nmsdc.org

New York, NY—The National Minority Supplier Development Council (NMSDC) releases its 2021 Minority Business Economic Impact Report as a follow-up study to its 2019 Report to better understand how the coronavirus pandemic and the racial justice movement affected NMSDC certified Minority Business Enterprises (MBEs) over the last two years. Although the pandemic has disproportionately affected systematically excluded communities of color, the racial justice movement, along with NMSDC’s steadfast focus on serving as an MBE growth engine, has seen certified MBEs grow significantly over the last two years:

• 22% increase in total revenues at MBEs certified by NMSDC ($261 billion, up from $214 billion)
• Asian owned firms saw a 31% increase
• Hispanic owned firms saw a 7% increase
• Black owned firms saw a 27% increase
• Native American owned firms saw a 6% increase
• 64% increase in total US jobs at MBEs certified by NMSDC (865,000, up from 528,000)
• Asian owned firms saw a 76% increase
• Hispanic owned firms saw a 40% increase
• Black owned firms saw a 73% increase
• Native American owned firms saw a 69% increase
• 126% increase in wages earned by US employees at MBEs certified by NMSDC ($72 billion, up from $31.8 billion)
• Asian owned firms saw a 125% increase
• Hispanic owned firms saw a 92% increase
• Black owned firms saw a 193% increase
• Native American owned firms saw a 100% increase
• Average employee composition at MBEs certified by NMSDC held steady at 70% minority employees.

Additionally, the report breaks down a state-by-state comparison between 2019 and 2021, which allows NMSDC to work with its Regional Affiliates to take a deeper dive into the why behind the numbers and develop strategies to address the decline in various regions. For example:

• Wyoming saw a 94% decrease in spend with MBEs and an 83% decrease in jobs at MBEs.
• Florida saw a 24% decrease in spend with MBEs and a 21% decrease in jobs at MBEs
• New Hampshire saw a 25% decrease in spend and 17% decrease in jobs.
• Montana saw a 25% decrease in MBEs, 17% decrease in spend with MBEs, and 61% decrease in jobs at MBEs.

Finally, the Report discusses how businesses today are highly integrated, with every business relying on other businesses to create their products and services. As a result, MBEs support jobs not only in their own companies but also at the other businesses they utilize while running their operations, which expands the total impact on the United States (U.S.) economy through certified MBEs:

• $396 billion in total economic activity driven through certified MBEs.
• 75 million U.S. jobs supported directly and indirectly by certified MBEs.
• $122 billion in wages earned through supported jobs.

“Overall, this Report shows how NMSDC is leading the charge to economic equity by creating connections that help MBEs and corporations to benefit from each other, stoking entrepreneurship, and growing wealth for these excluded communities,” comments Constance Jones, Senior Director of Field Services. “Closing the wealth gap is the key to creating a more united and prosperous society for all, and there is more work to be done!”

To download the 2021 Report, please visit here. And to schedule an interview with NMSDC, please contact Stefan Bradham, Vice President of Marketing and Communications at stefan.bradham@nmsdc.org.

In alignment of SMSDC’s four pillars, Certify. Develop. Connect. Advocate., education continues to be fundamental. Launched in 2012, SMSDC continues to offer the PLUS+ Platform classes: Benchmarking Plus & Capacity Plus. These signature programs are a mix of in person & online courses presented by supplier diversity expert Reginald K. Layton, Vice President, Supplier Diversity & Supply Chain Sustainability for Johnson Controls’ Inc and Ralph G. Moore, CPA, president of Ralph G. Moore & Associates (RGMA). Moore is recognized as one of the world’s foremost thought-leaders in the area of supplier diversity and minority business development.

For CORPORATE MEMBERS ONLY is a process to accelerate supplier diversity initiatives based on real world experimentation. Benchmarking Plus delivers the tools and management perspective to help your corporation strengthen your supplier diversity processes. Learn more here

For CERTIFIED MBEs is a process to enhance sales and marketing processes and build their capacity to work with Fortune 500 corporations.  Learn more here

The next series of Plus+ Platform classes will take place on Thursday, February 24th. If you are interested in participating in these classes, please contact Mayra Pena at mayra@smsdc.org. You must be a current Certified MBE or Corporate Member to register.

Register early and save for SMSDC's 2022 Premier Face Time Virtual Expo! 

Featuring the World-Class Buyer’s Breakfast Roundtable, live roundtable discussion rooms led by SMSDC’s corporate members; cutting edge speakers/panel-discussion; a virtual Trade Show connecting MBEs, corporate members, state agencies and community partners who are looking to take their business to the next level; and the first-ever virtual matchmaking session,answer a few questions and get a 1x1 match! 

This is an event you cannot afford to miss!

PREMIER PLATINUM PLUS

About SMSDC

The SMSDC is a non-profit organization dedicated to certifying, connecting, developing and advocating MBEs. Through active leadership & professional education, the SMSDC works with major corporations throughout the United States and MBEs within the Central & Southwest Texas regions, Oklahoma and New Mexico to increase participation in diversity programs.