In America’s $14.5 trillion economy, minority businesses account for more than $1 trillion in gross receipts, with revenue growth rates more than double those of other companies. In the supplier diversity market, total purchasing activity topped $100 billion in 2010.
The National Minority Supplier Development Council (NMSDC) is a national membership organization focused on providing a direct link between corporate America and minority-owned businesses. NMSDC’s 2,500 corporate members represent some of America’s largest publicly owned, privately owned and foreign-owned companies—including more than 60 percent of the Fortune 100—as well as universities, hospitals, government agencies and other buying institutions with a commitment to supplier diversity. NMSDC serves more than 13,000 minority business enterprises (MBEs) that represent a range of race/ethnicity, industry and business scale. NMSDC’s regional affiliates across the country are responsible for certifying and matching MBEs with members that have the relevant procurement needs.