The Business Case For MINORITY BUSINESS ENTERPRISES
The Business Case ForMINORITYBUSINESSENTERPRISESFueling Economic Growth1
THE FUTURE MAJORITY120 million strong and increasing by 2.3 million per year, multicultural populationsare the growth engine of the future in the U.S. Hispanics, African-Americans, AsianAmericans, and all other multiculturals already make up 38% of the U.S. population,with Census projections showing that multicultural populations will become a numericmajority by 2044.2
.AdvancingBusinessConnectionsThat CountTOCContentsOur Goals & Call To Action . 5Our Mission . 7NMSDC By The Numbers . 8National Corporate Members .14National Affiliates . 18Growth Trends - The Emerging Minority Marketplace . 20Economic Impact . 21Minority Purchasing Power . 24U.S. Population Growth . 263
45 YEARS OF CREATINGJOBS IN AMERICADid you Know?The idea of minority supplier development began with a Presidentialmandate, during the Nixon administration, for federal governmentprojects to seek the inclusion of suppliers from the Asian, Black,Hispanic and Native American communities in the bidding andawarding of federal contracts.Inspiring this innovation was a series of initiatives in Chicago in 1968to showcase minority businesses and what they offered.45YearsLater4MinorityBusinessesGenerate 1 Trillion inEconomic Output
OUR GOALS1. To ensure equivalent opportunities for minority businesses infederal entrepreneurship policies and contracting.2. To demonstrate to federal policy makers and other businessstakeholders that NMSDC is the thought leader in advocatingfor minority business growth and development.3. To enlighten federal policy makers and others in how NMSDC’sminority supplier development policies and strategies aresynonymous with best practices and are key tools for growingmature minority businesses of scale and size across all industrysectors.4. To establish NMSDC’s authority as the go to resource forcomprehensive information and advice concerning policies,regulations, and/or legislation concerning minority-ownedbusinesses, contracting, growth and development.OUR CALL TO ACTION1. Advocate – urge the Trump Administration and the Congress tofully enforce existing federal rules concerning MBE diversity andinclusion for direct and federally assisted contracting. Requestthat the Trump Administration and the Congress collect, publishand assess data from every federal agency concerning theirrespective diversity and inclusion goals.2. Collaborate – partner with NMSDC on ways to modernizeand improve minority business/DBE certification processes andparticularly federal certification requirements to better correspondto market realities.3. Support – pilot programs that utilize NMSDC’s expertise inperforming certification functions.5
Passion Inspiresthe mission of NMSDCOur mission is to accelerateeconomic growth by drivingopportunities and collaborationbetween corporations andminority businesses.6
OUR MISSIONThe National Minority Supplier Development Council (NMSDC) is in its fourth decade asthe nation’s most dynamic force in developing successful relationships between America’stop corporations and supply-chain providers from the Asian, Black, Hispanic and NativeAmerican communities.Chartered in 1972, NMSDC has established a network of corporate members, nownumbering over 1,400. Among them are America’s top companies – publicly, privatelyand internationally owned – as well as universities, hospitals and other institutions withsupply-chain needs.NMSDC connects these corporate members with qualified minority-owned suppliersof all sizes – Minority Business Entrepreneurs (MBE) – that meet a high standard ofexcellence. NMSDC insures that standard in four essential steps:CertifyDevelopIntroduce andfacilitate a mutuallybeneficial businessrelationship between MBEs andcorporate members.AdvocateExamine andinvestigate eachMBE, verifying itsviability, its practicesand its capacity forgrowth.Assist and enableMBEs in expanding their visionsand their capabilities, to meet theneeds of corporatemembers.ConnectPromote andstrengthen a universal understanding of the value ofminority supplierdevelopment.From its headquarters in New York, NMSDC coordinates its work nationally through23 regional councils, each of which certifies, develops, connects and advocates forthe relationship between MBEs and corporate members in its region.Passion inspires the mission of NMSDC.Perspective builds a firm foundation, in fact and perception,for NMSDC’s goals.Progress drives those enduring goals, in an evolving and ever-expandingbusiness universe.7
NMSDC BY THE NUMBERSTHE NETWORKNMSDC connects 1,422 corporations (including 472national corporate members and 950 local corporatemembers) with nearly 12,000 nationally-certified Asian,Black, Hispanic and Native American-owned businesses.8
.NMSDC BY THE NUMBERS70%MBE GROWTH RATEIncrease expected by 3.3 Million MinorityBusiness Owners from 2000 to 2045. 400BILLIONANNUALLY2.25 Million people actively employed bothdirectly and indirectly by NMSDC-certifiedMBE firms.1,422CORPORATE MEMBERSIncluding 472 national corporate membersand 950 local corporate members.12,000CERTIFIED MBESAsian, Black, Hispanic andNative American-owned businesses.9
NMSDC BY THE NUMBERSANNUAL SALESOF CERTIFIED MBES20OVER 1BILLION576CLASS IV:Annual sales greater than 50 Million1,689CLASS III:Annual sales between 10- 50 Million4,288CLASS II:Annual sales between 1- 10 Million4,178CLASS I:Annual sales less than 1 Million10
NMSDC BY THE NUMBERSMBE ETHNICITYThirty-seven percent of certified MBEs are Black American; the next largest grouprepresented is Hispanic, at 31%. A total of 14% and 13%, respectively, of certifiedMBEs are Asian Indian and Asian Pacific.Of the four primary groups represented, 5% of the total number ofcertified MBEs is Native American.According to the 2012 U.S. Census Bureau, minorities represent 35% ofthe total U.S. population and are expected to become the majority by 2043.37%31%14%13%5%27%MBE GENDERCurrently, the number of NMSDC-certifiedMBEs is 12,000. Of that total, 73% aremale and 27% are female.73%11
NMSDC BY THE NUMBERSMINORITY ENTREPRENEURSHIP GROWTH Minority-owned firms in the U.S. rose from 5.8 million in 2007to 8 million in 2012. Minority-owned businesses employed 7.2 million people in 2012. Minority-owned businesses increased by 2.2 million while non-minorityowned businesses saw a decline by 1.1 million from 20.1 million in2007 to 18.9 in 2012.Source: U.S. Census Bureau’s 2012 Survey of Business OwnersOf the 12,000 NMSDC certified MBEs, 94% represent the:TOP 10INDUSTRY GROUPS33%PROFESSIONAL,SCIENTIFICAND TECHNICALSERVICES13%CONSTRUCTION11%WHOLESALE TRADE3%INFORMATION2%REAL ESTATE,RENTAL AND LEASING1213%MANUFACTURING11%ADMINISTRATIVEAND SUPPORTWASTE MANAGEMENTAND REMEDIATIONSERVICES4%TRANSPORTATIONAND WAREHOUSING2%RETAIL TRADE2%FINANCE ANDINSURANCE
NMSDC BY THE NUMBERS"MBEs have saved us money in many areas across Pfizer.We have experienced innovation in the packaging and labequipment areas. When provided with an opportunity toperform as a Tier 1 supplier, they did a great job and costabout 25% less than one of our incumbent suppliers."25%Saving- Ellen Jameson, Pfizer’s Director, Supplier Diversity13
Our Supporters:Americas TopCorporationsNATIONAL CORPORATE MEMBERSAARPAbbott Laboratories, Inc.AbbVieAbercrombie & Fitch Co.Abt Associates Inc.AccentureAdecco USA, Inc.ADP, LLCAetna, Inc.AFLAC USAisin World CorporationAkebono Brake CorporationAlkermes, Inc.Allergan Sales, LLCAllstateAlstom Transportation, IncAltec Industries, Inc.Altria Client Services, Inc.Amdocs Inc.American Airlines, Inc.American Express CompanyAmerican Red CrossAmgen Inc.AMN Healthcare Inc.AMTRAKAnsco & Associates, LLCAnschutz Entertainment GroupAnthem, Inc.Aon Services CorporationApple, Inc.ARAMARK Corporation14ARCADIS U.S., Inc.ArcelorMittal USA Inc.Archer Daniels Midland CompanyAREVA, Inc.ARRIS Group, Inc.Associated Banc. CorpAT&TThe Auto Club GroupAutoliv Inc.Automotive Rentals, Inc.Avis Budget Group, Inc.AXA Equitable Life Insurance CompanyAxalta Coating SystemBank of America CorporationBarclays PLCBarilla America, Inc.The Bartech Group, Inc.BASF CorporationBattelle Memorial InstituteBausch Lomb, a ValeantPharmaceutical CompanyBaxalta US Inc.Baxter Healthcare CorporationBayer CorporationBBDO New YorkBecton, Dickinson and CompanyBelk, Inc.Black & Veatch CorporationBlue Cross Blue Shield AssociationBMC Software, Inc.BMO Harris BankBMW North America, LLCBNSF Railway CompanyBNY Mellon CorporationThe Boeing CompanyBon Secours Health System, Inc.Border States ElectricBorgWarnerBostik, Inc.Boston Scientific CorporationBP America, Inc.Brasfield & Gorrie, LLCBridgestone Americas Holding, Inc.Bristol-Myers Squibb CompanyBrocadeBrookfield Global Relocation Services, LLCBurlington Industries, LLCC&W ServicesC.H. Robinson Worldwide, Inc.CA TechnologiesCaesars Entertainment CorporationCampbell Soup CompanyCapgemini USACapital OneCardinal Health, Inc.Cargill, Inc.CarMax, Inc.Caterpillar Inc.Catholic Health InitiativesCBRE Group, Inc.CBS CorporationCDK Global, Inc.
CDW CorporationCenterPoint Energy, Inc.CenturyLinkCharter CommunicationsCHEP International, Inc.Chevron Services CompanyCiena CorporationCIGNACintas CorporationCisco Systems, Inc.CITGO Petroleum CorporationCitigroup Inc.CLEAResult Consulting, Inc.The Clorox CompanyClosure Systems International Inc.CNA Financial CorporationCoca-Cola Company, TheColgate-Palmolive CompanyComcast NBCUniversalComercia BankCommunications Test Design, Inc.Compass Group, North America DivisionComputer Task Group, Inc.ConocoPhillipsConstruction Specialties, IncContinental AGThe Cordish CompanyCorizon Health, Inc.Corning Cable SystemsCovestro LLCCox Enterprises, Inc.Cracker Barrel Old Country Store, Inc.Credit SuisseCrown Cork & Seal USA, Inc.CSX Transportation Inc.Cummins Inc.CVS HealthDarden Restaurants, Inc.DDB USDeere & CompanyDell TechnologiesDeloitte Services LPDelphi Automotive, PLCDelta Air Lines, Inc.Denny’s CorporationDENSO International America, Inc.The Depository Trust & Clearing CorporationDiageo North America, Inc.Dresser-RandDTE Energy CompanyDuke EnergyDuke RealtyThe Dun & Bradstreet CorporationDuPontEaton CorporationEcolab, Inc.Education Networks of AmericaEli Lilly and CompanyElior North AmericaEMCOR Government ServicesEntergy CorporationEnterprise HoldingsEQT CorporationEricsson, Inc.Ernst & Young LLPEssendant Co.Exelon CorporationExide Technologies, Inc.Express ScriptsExxon MobilFacebook, Inc.Fannie MaeFarmers Insurance Group, Inc.Federal Home Loan Bank of ChicagoFederal Home Loan Bank of Des MoinesFederal Reserve SystemFedEx CorporationFiat Chrysler AutomobilesFifth Third BancorpFirmenich, Inc.First Data CorporationFiserv, Inc.Fluor CorporationFord Motor CompanyFreddie MacGCA Services Group Inc.Genentech, Inc.General Electric HealthcareGeneral Mills, Inc.General Motors Company, LLCGfK, Growth from KnowledgeGlaxoSmithKlineGlobal Experience Specialists, Inc.GM FinancialGoodyear Tire & Rubber CompanyGoogle, Inc.GSD&MThe Haartz CorporationHallmark Cards, Inc.Halyard Health, Inc.Harley-Davidson Motor CompanyHarman International IndustriesHealth Care Service CorporationHealthTrust Purchasing GroupHenkel of America, Inc.Herman Miller, Inc.The Hershey CompanyThe Hertz CorporationHewlett-Packard EnterpriseHilton WorldwideThe Home Depot, Inc.Honda North AmericaHoughton Mifflin HarcourtHP Inc.Humana, Inc.Huntington National BankHyatt CorporationHyundai Motor Manufacturing Alabama, LLCIberdrola USAIBM CorporationIndiana UniversityInfinera CorporationIngersoll Rand CompanyIntel CorporationInterface Inc.International Monetary FundInternational Paper CompanyThe Interpublic Group of Companies, Inc.J.C. Penney Company, Inc.Jacobs Engineering Group Inc.JE Dunn ConstructionJM Family Enterprises, Inc.Johnson & JohnsonJohnson Controls, Inc.Jones Lang LaSalle, Inc.JPMorgan Chase & Co.Kaiser Foundation Health Plan, Inc.Kellogg CompanyKelly Services, Inc.KeyBank National AssociationKimberly-Clark CorporationKPMG LLPThe Kroger CompanyL BrandsLas Vegas Sands CorporationLear CorporationLeggett & Platt IncorporatedLend Lease AmericasLenovo (United States) Inc.Leo Burnett, USALiberty Mutual InsuranceLinamar CorporationLockheed Martin Corporation15
Loram Maintenance of Way, Inc.L’Oreal USALowe’s Companies, Inc.Mack Trucks, Inc.Macy’sMAHLE Behr USA, Inc.Major League BaseballMallinckrodt PharmaceuticalsManpowerGroupMarathon Petroleum Corporation, LPMars Chocolate North AmericaMarsh & McLennan Companies, Inc.McCain Foods USA, Inc.McCormick & Company, Inc.McGuire Woods LLPMcGraw-Hill EducationMedtronic, Inc.Memorial Sloan-Kettering Cancer CenterMerck & Co., Inc.Meridian Medical Technologies, Inc.Meritor, Inc.Messer Construction CompanyMetLife, Inc.MGM Resorts InternationalMichelin North America, Inc.Microsoft CorporationMolsonCoorsMine Safety Appliances CompanyMitsubishi Hitachi Power SystemsAmericas, Inc.Mondelez International, Inc.Monsanto CompanyMorgan StanleyMotion Industries, Inc.Motorola Solutions, Inc.MUFG Union Bank, N.A.NASDAQNational Basketball Association (NBA)National Grid USANationwide InsuranceNestlé USA, Inc.New York Life Insurance CompanyThe Nielsen CompanyNike, Inc.NiSource Inc.Nissan North America, Inc.NokiaNordstrom, Inc.Northern Trust CompanyNorthrop Grumman CorporationNovartis Pharmaceuticals Corporation16Novo Nordisk, Inc.NPL Construction Co.NRG Energy, Inc.O.C. Tanner CompanyOakwood Home ServicesOffice Depot, Inc.OhioHealthOmnicell, Inc.OnX Enterprise SolutionsOracle CorporationOrtho-Clinical DiagnosticsOwens & MinorPacific Gas and Electric CompanyPCM, IncPenske Truck Leasing Co., L.P.Pepco Holdings, Inc.PepsiCo, Inc.PerfectVision Manufacturing, Inc.Pfizer, Inc.PGA of AmericaPhillips 66Pitney Bowes Inc.The PNC Financial Services GroupPowerTeam Services, LLCPraxair, Inc.PricewaterhouseCoopers LLPPrincipal Financial GroupProcter & GambleProgress Software CorporationPrudential FinancialPSC Industrial Outsourcing LPPublicis HealthcareQuad/Graphics, Inc.Quest Diagnostics Inc.R&R PartnersR.J. Reynolds Tobacco CompanyR.R. Donnelley & Sons CompanyRandstad USARaytheon CompanyRealogy CorporationRegions Financial CorporationRELX GroupRobert Bosch LLCRobert Half International, Inc.Rockwell AutomationRoss Stores, Inc.Ryder System, Inc.S&P Global, Inc.Saatchi & SaatchiSallie Mae BankSamsung TelecommunicationsAmerica LLCSAP SESAS Institute Inc.Savannah River Nuclear Solutions LLCSchneider Electric USA, Inc.Scientific Games CorporationScripps Networks Interactive, Inc.Securitas Security Services USA, Inc.Sedgwick Claims Management Services, Inc.Shell Oil CompanySkanska USA BuildingSnap-on IncorporatedSodexo, Inc.Sonoco Products CompanySony Pictures EntertainmentSouthern California Edison CompanySouthern Company GasStaff ManagementStandard Insurance CompanyStaples Inc.Starbucks CorporationStarwood Hotels & Resorts Worldwide, Inc.State Compensation Insurance FundState Farm InsuranceState Street CorporationSteelcase Inc.Stryker CorporationSunbelt Rentals, Inc.SunTrust Banks, Inc.SUPERVALU, Inc.Target CorporationTata America International CorporationTD Bank GroupTenneco Inc.Terex CorporationTeva PharmaceuticalsThe Resource Group, LLCThermo Fisher Scientific Inc.TIAA-CREFTime Warner Inc.Title Source, Inc.The TJX Companies, Inc.T-Mobile USA, Inc.Toyota Motor North AmericaTransCanada CorporationTurner Construction CompanyTyco InternationalTyson Foods, Inc.U.S. BankU.S. Postal ServiceUAW Retiree Medical Benefit TrustUnilever
Union Pacific RailroadUnited Airlines, Inc.United Parcel Service, Inc.United Rentals, Inc.United Services Automobile AssociationUnited States Tennis AssociationUnitedHealth Group Inc.University of Pittsburgh Medical CenterUnivision Communications Inc.Unum GroupU.S. CellularUS Foods, Inc.US Steel CorporationUSM an EMCOR CompanyUST-Global, Inc.VallenValvoline LLCVeolia Water North AmericaVeritas Technologies LLCVerizon Communications, Inc.Vision Service PlanVisteon CorporationVistra EnergyVizientVolkswagen Group of America, Inc.Volvo Trucks North America, Inc.Voya FinancialVWR International, LLCW.W. Grainger, Inc.Walgreen Co.Walmart Stores, Inc.The Walt Disney CompanyWashington Gas Light CompanyWaste Management, Inc.Wells Fargo & CompanyWestinghouse Electric CompanyWestRockWieden Kennedy, Inc.Willis Towers WatsonWindstream Communications, Inc.Wisconsin Energy Corporation/WeEnergiesWyndham Worldwide CorporationXerox CorporationYazaki North America, Inc.Yanfeng Global Automotive InteriorsYum! Brands, Inc.17
NATIONAL AFFILIATESA Powerful Network of 23 Regional CouncilsWhen NMSDC works to foster minority supplier development and empower minoritybusinesses, it means business – bottom-line business. NMSDC is dedicated, first andforemost, to “the value proposition” for everyone involved.NMSDC seeks to build strategic, mutually beneficial partnerships in which corporateneeds are met – and often exceeded – by MBEs who want nothing more than anopportunity to bid for and do the job."It has been a pleasure to watch Mosaic Global Transportationgrow into such a successful business, bringing innovation andleadership to a competitive market and industry and reaching 10.5 million in 2016.- Denise Coley, Founder & Principal , Enable Your Vision18
NMSDC National AffiliatesCertification and front-line service to corporate and MBE constituents begins with theaffiliate councils. The Regional Affiliates certify and match 12,000 minority-ownedbusinesses with member corporations that want to purchase their products, servicesand solutions.REGION 1nNorth CentralnNorthwest MountainnMountain PlainsnWestern RegionalREGION 2nPacific SouthwestnSouthern CalifornianSouthwestnDallas Fort WorthREGION 3nChicagonMichigannMid-StatesnOhioREGION 4nCaptial RegionnEasternnGreater New EnglandnNew York & New JerseyREGION 5nFlorida StatenGeorgianPuerto RicoREGION 6nCarolinas-VirginianHoustonnSouthern RegionnTriState“Commitment is an act, not a word.”- Jean-Paul Sartre19
The Emerging Minority Marketplace:GROWTH TRENDSGROWTH RATEFrom 2000 to 2045,3.3 MILLION Minority Business Ownersare expected to experience a growth rateincrease of: 17% annually 34% annually in sales 70% of total increasein purchasing powerECONOMIC OUTPUTIn 2014 Minority-owned business generated 1 TRILLION in economic output tothe U.S. economy, creating nearly6 MILLION American Jobs.In all, minorities,now 37% of thepopulation, areprojected to comprise57% of thepopulation by2060MINORITY PURCHASING POWERFrom 2000 to 2045, Minority purchasing power may surpass 2 TRILLION in 2015, 3 TRILLION by 2030and 4 TRILLION by 2045 (An increase of 3 TRILLIONduring the 45 year period.).(Source: U.S. Census Bureau, January 2000 BasedAnnual Projections 1999-2001) Projections)2020
Economic Impact Report Shows Pivotal Role ofMinority-Owned Businesses In U.S. EconomyNMSDC retained The Institute for Thought Diversity to conduct a study toassess the economic impact that the NMSDC MBE community has on theUnited States economy.This impact includes the increased business activity created by NMSDCcertified Minority Business Enterprises (MBEs), the jobs that are maintained/created as a result of this activity throughout the various sectors of the USeconomy, and the incremental business taxes that are generated.The results of the study illustrate that today, NMSDC MBEs have a totaleconomic impact of over 400 billion dollars in output that results in thecreation of and/or preservation of more than 2.2 million jobs held bypersons who find themselves either directly or indirectly employed byNMSDC certified MBEs.21
ECONOMIC IMPACTJOBS CREATEDJobs Attributable to NMSDCMBEs annually is 2.25 MillionBusiness activity created by NMSDC MBEsis over 400 billion, which equates toover 1.1 billion per day.2.25M 400BTAX REVENUE 49B 34%Minority Suppliers are also generating close to 49 billion in tax revenue for the benefit of local, state,and federal governments.22GROWTHMBE sales are growing at a rate of34% per year, nearly twice as fast asthe national average.
Minority Business EnterprisesIMPACT23
The Impact of Minority Suppliers on Global Growth the “value proposition” of minority supplier development:it fuels economic growth. “Diversity and inclusion” is not just acatch phrase - it contributes value to the corporate bottom line.- Joset Wright-Lacy, President, NMSDCMinority suppliers are a part of the growth equation. The more jobs theyhave and the more wages they earn, the more they are able to participatein the economy, whether that means buying healthy foods or snacks, durablegoods or over-the-counter drugs, life’s essentials or entertainment, even carsand houses.Minority Purchasing PowerMinority purchasing power is projected to surpass 3 trillion by 2030.Growth initiatives will require a diverse workforce and supplier base toprovide critical market knowledge and the ability to identify areas withsales potential.Minority purchasing power will rise from approximately 20 percent in 2000to over 45 percent by the year 2045. In fact, between 1990 and 1997,buying power in African-American, Hispanic, and Asian communities roseby 54 percent, 58 percent, and 72 percent, respectively.This trend is expected to continue with minority purchasing power surpassing 2 trillion by 2015 and 3 trillion by 2030.Purchasing Power (in billions)PROJECTED MINORITY PURCHASING 020102020YEARS203020402050
Minority purchasingpower will rise fromapproximately 20%in 2000 to over45% by 2045.3Trillion by 2030Sources: U.S. Department of Commerce: The Emerging Minority Marketplace - Minority PurchasingPower: 2000 to 2045 and U.S. Bureau of Economic Analysis, 1995, BEA Regional Projections, W.D.C.25
AMERICAN DIVERSITY IS DESTINY92%OF THE TOTAL GROWTH INU.S. POPULATION FROM2000 TO 2014, CAME FROMMULTICULTURAL NON - HISPANIC WHITE19762.1%42.6%AFRICAN AMERICAN4012.7%14.7%ASIAN AMERICAN165.0%8.2%144.3%8.2%OTHER/2 RACES26
Source: Nielsen Pop-Facts, CY2014 with U.S. Census Bureau, 2060 projections(Dec 2012) with reported numbers to exceed 100% due to allocation/overlap forHispanics of mixed race. Included in “Other/2 ” are 3.1 million native American Indianand Native Alaskans (AINA), plus 600,000 Native Hawaiian & Pacific Islanders (NHPI),all generally of moderate growth.27
MulticulturalPopulation Over 50%Minority-MajorityBy 2044Multicultural consumers are the fastestgrowing segment ofthe U.S. population.Already over 120million strong andincreasing by 2.3million per year.28Asian-AmericansBuying PowerBy 2050 HispanicsWill Account For 85%Growth AmongMulticulturalConsumersPurchasing PowerIncreased from 661billion in 1990 to 3.4 trillion in 2014.More than double thegrowth of total U.S.buying power.In major metroareas, the reality ofa multicultural futureis apparent, as 21of the top 25 mostpopulated counties inthe United States arealready more than50% multicultural.Though Asian-Americans represent about6% of the total U.S.population, theirrelative affluenceallows them todisproportionallyoutsize their ethnicpeers with an estimated 1 trillion buyingpower by 2018.Hispanics will experience the most growthamong multiculturalconsumers. By 2020,Hispanics will accountfor over half of all U.S.population growth andnearly 85% by 2050.
THE FUTURE NUMERIC MAJORITYMulticultural consumers are the fastest growing segment of the U.S. population.Already over 120 million strong and increasing by 2.3 million per year,multicultural populations are the growth engine of the future in the U.S.Hispanics, African-Americans, Asian-Americans, and all other multiculturalsalready make up 38% of the U.S. population, with Census projections showingthat multicultural populations will become a numeric majority by 2044.Source: 2014–2019 Nielsen Pop-Facts Demographics29
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A PATH TO SUCCESSThe business of NMSDC is the promise of that robust American future forall. NMSDC is synonymous with best practices, with a proven record ofgrowing mature MBEs of scale and size across all industry sectors.Its goal in the immediate future is to work closely with federal policy makersin the executive and legislative branches, as well as other business stakeholders, with the recognition of NMSDC as the thought leader in minoritybusiness growth and development.In its 45-year history, Corporate America has recognized NMSDCas the gold standard in minority supplier development, yet realsuccess also creates challenges, and – at a pivotal time in the history ofAmerican business – NMSDC embraces the challenges.Aligning with our corporate strategies and values, BP is committedto providing opportunities to diverse businesses that are competitive,operate safely and efficiently, and are of scale. Partnering with diversefirms allows us to accomplish our objective of being a focused oil andgas company delivering value over volume, while simultaneouslybringing economic benefits and job growth to local communities.– John Mingé, Chairman and President, - BP America31
1359 BroadwaySuite 1000New York, NY 10018Visit us online: www.NMSDC.org Follow us32@NMSDCHQ
Altec Industries, Inc. Altria Client Services, Inc. Amdocs Inc. American Airlines, Inc. American Express Company American Red Cross Amgen Inc. AMN Healthcare Inc. . Google, Inc. GSD&M The Haartz Corporation Hallmark Cards, Inc. Halyard Health, Inc. Harley-Davidson Motor Company Harman International Industries
May 02, 2018 · D. Program Evaluation ͟The organization has provided a description of the framework for how each program will be evaluated. The framework should include all the elements below: ͟The evaluation methods are cost-effective for the organization ͟Quantitative and qualitative data is being collected (at Basics tier, data collection must have begun)
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