PROGRESS & GROWTH

INEQUALITY PERSISTS

Businesses have achieved unimaginable advancements over the last decade across a wide spectrum of sectors. However, what has not progressed at the same rate is eliminating inequalities in business ownership and management at an executive level

Minorities represent 32% of the total U.S. population, but only hold 18% of business ownership

MBE ADVANTAGES

GREATER OPPORUNITY
  • Entrepreneurs often pioneers

  • Companies seek 2nd tier suppliers

  • Federal/State MBE mandates

ADDED VALUE 
  • Financial savings from access to special advantages

  • Operate in markets less accessible to other competitors

  • Diversity of staff

COST EFFICIENCY
  • Local connections

  • Special financial opportunities

  • Competitive pricing

  • Tax breaks and rebate opportunities reduce costs

BRAND RECOGNITION
  • Offer strong value proposition for customers

  • Connected to local communities to recognize partners

INNOVATION
& CREATIVITY
  • More genuine, personal interactions lead to fresh perspective and ideas

  • Dynamic innovation encouraged

MBE's have accounted for more than 50% of the 2 million new businesses

MBE's created 4.7 million jobs

There are more than 4 million MBE companies with Annual Sales of $700 billion

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SUPPORT

Provides access to business experts at local Minority Business Development Association (MBDA) Business Centers