Supplier Diversity

 

Government and corporate Supplier Diversity programs support non-diverse and diverse organizations from every industry. Especially for business funding opportunities from the federal, state, and local government (ie Infrastructure Investment and Jobs Act), supplier diversity laws are growing throughout every jurisdiction daily. The benefits of these programs provide public-private organizations:

  • Tax Incentives.

  • Opens New Sources of Revenue Opportunities.

  • Diversifies Your Suppliers to Provide Multiple Procurement Channels for Goods and Services.

  • Supports Workforce Development Recruitment and Retention.

  • Promotes Innovation and Creativity.

  • Shows Your Company’s Interest in Working in Diverse Markets.

Supplier Diversity Solutions

  • Strategy/implementation of supplier diversity solutions for non-diversified organizations (developers, manufactures, small/diverse businesses, nonprofits, and government)

  • Local content strategy for domestic and international organizations to ensure compliance with U.S. economic and social equity policy mandates.

  • Resource development to advance supply chain capacity through public-private funding across the global supply chain.

What is SUPPLIER DIVERSITY?

Supplier diversity programs recognize that sourcing products and services from previously underutilized supplier segments helps to sustain and progressively transform a company's supply chain, thus reflecting the demographics of the community in which it operates by recording transactions with diverse suppliers.

Diverse Suppliers include the following underrepresented groups:

  • Minority-owned

    Women-owned

    Veteran-owned

    LGBT-owned

    Service-Disabled Veteran-Owned

    Historically Underutilized Business

    Small Businesses (defined by SBA)

Certified MWBE’s, DBE’s, SDVOB’s and others are legally recognized businesses to support diversity efforts and government utilization goals.