d. Nationwide Consulting Coming Soon Let us help you meet your DEI, Supplier Diversity or Revenue goals for 2023 and beyond! Contact D at [email protected] 5.8.2023
BB MECHANICAL IS A PROUD WRMSDC CERTIFIED MBE THANK YOU OPPORTUNITY WALL SUPPORTER
DUE TO THE GENEROSITY OF OUR MAKE A DIFFERENCE SPONSORS, THIS EVENT IS FREE FOR MBES AND DIVERSE BUSINESSES. THANK YOU MAKE A DIFFERENCE SUPPORTER
CESS IS A PROUD WRMSDC CERTIFIED MBE THANK YOU EVENT SUPPORTER
Diverse Supplier Profiles Business Growth Accelerator Program Graduates Corporate Ready Program Graduates Diverse Supplier Event Participants Please review the Diverse Supplier Profiles and the goods and services they provide by accessing the profiles with your camera's phone. An essential action necessary to decrease the parity gap is a commitment to diverse spending. How should you leverage these profiles? Corporations: Please be intentional in including these businesses for your corporationʼs procurement needs. Diverse Suppliers: Consider B2B partnerships, collaborations, and procurement needs. Contact these diverse suppliers directly with inquiries and opportunities. Questions? Contact [email protected]
BUSINESS OPPORTUNITY DAY BUSINESS OPPORTUNITY DAY 56 Check out the following pages for resource information provided from WRMSDC and a few of our Corporations, Government Entities, and Community Partners: RESOURCES
BUSINESS OPPORTUNITY DAY BUSINESS OPPORTUNITY DAY 57 Are You a Minority-Owned Business? Is MBE Certification Right for You? Do You … Have the Capability to provide Goods/Services to Large Corporations or Prime Suppliers? Have the Capacity for Growth? Have the Drive to Network, Build Relationships, Compete, and Seize Opportunities? Want More Access to Contracts? If you answered yes to all these questions, then it’s time to explore the benefits of Minority Business Enterprise (MBE) certification SCAN THE QR CODE, THEN CLICK ON “BECOME A CERTIFIED MBE” wrmsdc.org | [email protected]
For more information go to wrmsdc.org/development/ Corporate Ready Program MBEs are experts in their fields, applying their skills to delivering products and services with ingenuity to our corporate partners; however, corporations still report gaps in MBE capabilities to meet their business requirements. Corporations continue to express the desire for a larger pipeline of MBEs who are equipped to engage large customers and participate in the supply chain. Offered for companies with revenue less than $2 million. To Apply: Business Growth Acceleration Program The Business Growth Acceleration Program (BGAP) is targeted for participants who have the goal of growing their individual businesses. The practical, hands-on approach engages each participant in the immediate application of concepts to their individual business challenges. Participants are actively building their businesses while being coached by real world entrepreneurial practitioners. Through the BGAP program each participant’s business is intensified in preparation for growth and sustainability. Offered for companies with revenue $2 million + To Apply: Get Ready to GROW Programs Include: Established Learning Management System Virtual, In Person or Hybrid Facilitation Guided Curriculum AI Driven Mentorship Interaction with WRMSDC corporate members Visit www.wrmsdc.org Corporate members and WRMSDC rely on the product and service description you provide to identify potential opportunities. Make the most of your certification by pairing it with a great profile. BUILDING A GREAT PROFILE Businesses have up to 2000 characters to describe what their company does, so be precise about what your company does and concise in describing it. Don't tell us that you're certified - we already know! Tell us about the exact products or services you offer so we can find you when searching. The products and services description in your application forms the backbone of your company's profile. Does it describe your core competencies? Is there anything else that you provide that are listed on your website that aren't in your database profile? Tell us about those! The North American Industry Classification System (NAICS) Codes help sourcing professionals find your company and Supplier Diversity pros validate that your company can do the things they say they do based on the NAICS on your profile. Define up to ten codes that describe what your business does. Nothing takes the place of active council engagement when leveraging your certification, but you can help WRMSDC help you by ensuring that your database profile has the most current information and uses the keywords that help your customers find you. GOODS AND SERVICES NAICS CODES PRECISE AND CONCISE E n g a g i n g S u p p l i e r D i v e r s i t y WRMSDC BE PERSISTENT BUT PATIENT Visit www.wrmsdc.org YOU KNOW WHAT YOU HAVE TO OFFER BETTER THAN ANYONE - Be excited about what you provide! - How does your product or service help your customers? Make sure they know. - What is your value proposition? What do you provide that no one else does? GOOD RELATIONSHIPS = STRONG CONTRACTS -Be friendly and professional! - Good relationships don't happen overnight and they require patience to build. - Maintain a strict code of ethics. Honesty now provides dividends in time. After you've met a Supplier Diversity Pro, keep in touch! Make a plan to stay in contact. Follow the company's social media profiles and drop them a line to congratulate them when they've had wins. Tell them about your wins, events you'll be attending, and especially if you'll be presenting. HOW TO MEET THE PROS E n g a g i n g S u p p l i e r D i v e r s i t y IDENTIFY COMPANIES THAT BUY WHAT YOU SELL Make a list of companies you want to do business with and prioritize that list. Pick your top five to start your efforts. GET READY TO MAKE A GREAT FIRST IMPRESSION Research the company's needs, their goals, and their values. Be an expert in what they need and go in ready to learn. MAKE CONTACT Once you're in their supplier database, you can start reaching out to supplier diversity managers via email, LinkedIn, or other networking avenue. REGISTER YOUR COMPANY Each company that has a supplier diversity initiative has a separate supplier database and you'll need to register your company in each one. Make sure that you're in their database before you reach out. Get to know your contacts as people. No one likes to feel like their only value to you is monetary. If the Supplier Diversity Pro isn't actively sourcing for what you provide, quarterly contacts are plenty. WRMSDC FOLLOWING UP ON FIRST CONTACTS ABOVE ALL BE KIND The Supplier Diversity Pros, that is
Visit www.wrmsdc.org Corporate members and WRMSDC rely on the product and service description you provide to identify potential opportunities. Make the most of your certification by pairing it with a great profile. BUILDING A GREAT PROFILE Businesses have up to 2000 characters to describe what their company does, so be precise about what your company does and concise in describing it. Don't tell us that you're certified - we already know! Tell us about the exact products or services you offer so we can find you when searching. The products and services description in your application forms the backbone of your company's profile. Does it describe your core competencies? Is there anything else that you provide that are listed on your website that aren't in your database profile? Tell us about those! The North American Industry Classification System (NAICS) Codes help sourcing professionals find your company and Supplier Diversity pros validate that your company can do the things they say they do based on the NAICS on your profile. Define up to ten codes that describe what your business does. Nothing takes the place of active council engagement when leveraging your certification, but you can help WRMSDC help you by ensuring that your database profile has the most current information and uses the keywords that help your customers find you. GOODS AND SERVICES NAICS CODES PRECISE AND CONCISE E n g a g i n g S u p p l i e r D i v e r s i t y WRMSDC BE PERSISTENT BUT PATIENT Visit www.wrmsdc.org YOU KNOW WHAT YOU HAVE TO OFFER BETTER THAN ANYONE - Be excited about what you provide! - How does your product or service help your customers? Make sure they know. - What is your value proposition? What do you provide that no one else does? GOOD RELATIONSHIPS = STRONG CONTRACTS -Be friendly and professional! - Good relationships don't happen overnight and they require patience to build. - Maintain a strict code of ethics. Honesty now provides dividends in time. After you've met a Supplier Diversity Pro, keep in touch! Make a plan to stay in contact. Follow the company's social media profiles and drop them a line to congratulate them when they've had wins. Tell them about your wins, events you'll be attending, and especially if you'll be presenting. HOW TO MEET THE PROS E n g a g i n g S u p p l i e r D i v e r s i t y IDENTIFY COMPANIES THAT BUY WHAT YOU SELL Make a list of companies you want to do business with and prioritize that list. Pick your top five to start your efforts. GET READY TO MAKE A GREAT FIRST IMPRESSION Research the company's needs, their goals, and their values. Be an expert in what they need and go in ready to learn. MAKE CONTACT Once you're in their supplier database, you can start reaching out to supplier diversity managers via email, LinkedIn, or other networking avenue. REGISTER YOUR COMPANY Each company that has a supplier diversity initiative has a separate supplier database and you'll need to register your company in each one. Make sure that you're in their database before you reach out. Get to know your contacts as people. No one likes to feel like their only value to you is monetary. If the Supplier Diversity Pro isn't actively sourcing for what you provide, quarterly contacts are plenty. WRMSDC FOLLOWING UP ON FIRST CONTACTS ABOVE ALL BE KIND The Supplier Diversity Pros, that is
Partner with NV Energy Procurement Learn more and register for bid opportunities at nvenergy.com/suppliers Learn more about doing business with Southwest Gas: https://www.swgas.com/en/supplier-diversity www.nevadawbc.org www.nevadabof.org Funding For business funding, Nevada Business Opportunity Fund (NBOF) can assist Clark County, NV entrepreneurs with loans from $5,000 - $250,000. NBOF will help refer, advise, and package loans outside of Clark County, NV ensuring the best loan program to meet your needs. Consulting The Nevada women’s Business Center provides FREE one-on-one professional counseling to those seeking advice on starting-up, expansion or stabilization strategies for their business. Our experienced consultants offer insight into areas from resources and solutions to everyday business challenges. Contact us today for a free appointment! Creating viable business plans Preparation of financial packages Operations and management Effective Marketing Strategies Women and Minority Owned Certification Government and Casino Contracts Training The Nevada Women’s Business Center offers FREE workshops to build a solid business foundation of proper practices, procedures, and philosophies. We also provide a comprehensive business training series for those ready to climb to the next level of business success. Custom Workshops Business Plan Essentials Finance and Accounting Specialized Training Government Contracting Getting Your Business Certified Business Loans How to Start a Business Operations and management Services The Nevada Women’s Business Center offers FREE assistance in the filing of your business license. Nevada Business Opportunity Fund/Nevada Women’s Business Center 300 South 4th Street; Suite 400 Las Vegas, NV 89101 702-734-3555
Partner with NV Energy Procurement Learn more and register for bid opportunities at nvenergy.com/suppliers Learn more about doing business with Southwest Gas: https://www.swgas.com/en/supplier-diversity www.nevadawbc.org www.nevadabof.org Funding For business funding, Nevada Business Opportunity Fund (NBOF) can assist Clark County, NV entrepreneurs with loans from $5,000 - $250,000. NBOF will help refer, advise, and package loans outside of Clark County, NV ensuring the best loan program to meet your needs. Consulting The Nevada women’s Business Center provides FREE one-on-one professional counseling to those seeking advice on starting-up, expansion or stabilization strategies for their business. Our experienced consultants offer insight into areas from resources and solutions to everyday business challenges. Contact us today for a free appointment! Creating viable business plans Preparation of financial packages Operations and management Effective Marketing Strategies Women and Minority Owned Certification Government and Casino Contracts Training The Nevada Women’s Business Center offers FREE workshops to build a solid business foundation of proper practices, procedures, and philosophies. We also provide a comprehensive business training series for those ready to climb to the next level of business success. Custom Workshops Business Plan Essentials Finance and Accounting Specialized Training Government Contracting Getting Your Business Certified Business Loans How to Start a Business Operations and management Services The Nevada Women’s Business Center offers FREE assistance in the filing of your business license. Nevada Business Opportunity Fund/Nevada Women’s Business Center 300 South 4th Street; Suite 400 Las Vegas, NV 89101 702-734-3555
For more information about small business loans, contact us at 855-758-2334 or [email protected] Or to apply, visit www.AccessCommunityCapital.org WHAT CAN YOU USE CONTRACT FINANCING FOR? ACCESS Contract Financing can be used to bridge the financing shortfall needed for working capital or demonstrate capacity to satisfy contracts when bidding or executing on a contract with the State of Nevada, a local municipality, government agency, or approved prime contractor. Having working capital on hand means that you can more easily hire staff, purchase materials or equipment, and more. You’ll also be able to demonstrate that your business has the funding to successfully complete the job and better position yourself to win the contract bid. If you’re a business owner who has won or is bidding on a big contract, ACCESS Contract Financing Loan might be right for you. If you have a great service and a strong plan, but need funding in order to deliver, we may be the right solution. If you’re looking for short term capital or a line of credit to fund the early stages of a contract or need to show that you have the financial backing to perform the job, a Contract Financing through ACCESS can help.
For more information about small business loans, contact us at 855-758-2334 or [email protected] Or to apply, visit www.AccessCommunityCapital.org WHAT CAN YOU USE CONTRACT FINANCING FOR? ACCESS Contract Financing can be used to bridge the financing shortfall needed for working capital or demonstrate capacity to satisfy contracts when bidding or executing on a contract with the State of Nevada, a local municipality, government agency, or approved prime contractor. Having working capital on hand means that you can more easily hire staff, purchase materials or equipment, and more. You’ll also be able to demonstrate that your business has the funding to successfully complete the job and better position yourself to win the contract bid. If you’re a business owner who has won or is bidding on a big contract, ACCESS Contract Financing Loan might be right for you. If you have a great service and a strong plan, but need funding in order to deliver, we may be the right solution. If you’re looking for short term capital or a line of credit to fund the early stages of a contract or need to show that you have the financial backing to perform the job, a Contract Financing through ACCESS can help.
1. https://nationalequityatlas.org/indicators/Neighborhood_poverty#/?geo=01000000000000000 2. https://www.brookings.edu/research/long-shadows-the-black-white-gap-in-multigenerational-poverty/ 3. https://www.stlouisfed.org/open-vault/2020/december/has-wealth-inequality-changed-over-time-key-statistics https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances20200928.html 4. https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/ Help WRMSDC close racial gaps and break cycles of poverty for future generations. Are you with us? CERTIFIED MINORITY ENTREPRENEURS OVERALL GROWTH +156 2019 911 2022 1067 NORTHERN CALIFORNIA +132 2019 77% 78% 2022 NEVADA +24 2019 19% 18% 2022 HAWAI‘I +0 2019 4% 4% 2022 GROWTH OF OUR MINORITY ENTREPRENEURS BY REGION ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................... GROWTH BY CLASS 2022 32% 2019 30% CLASS 1 CLASS 2 2022 40% 2019 44% CLASS 3 2022 20% 2019 18% CLASS 4 2022 7% 2019 7% CLASS MOBILITY CLASS 1 CLASS 2 29 CLASS 2 CLASS 3 37 CLASS 3 CLASS 4 7 CLASS 1 CLASS 3 1 Class 1 = Annual sales less than $1M Class 2 = Annual sales from $1M - $10M Class 3 = Annual Sales from $10M - $50M Class 4 = Annual Sales over $50M GROWTH OF OUR MINORITY ENTREPRENEURS BY INDUSTRY CONSTRUCTION CONTRACTORS BROKERS +0 +78 +12 +16 +42 -4 +12 CONSULTANTS DISTRIBUTORS MANUFACTURERS MANUFACTURER REPRESENTATIVES SERVICES CONTRACTORS 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 26 26 15 11 99 111 87 99 103 119 143 185 438 516 MALE + 2019 84 70% 2022 67% FEMALE +72 2019 30% 2022 33% GROWTH BY GENDER GROWTH BY ETHNICITY 2022 26% 2019 26% ASIAN INDIAN ASIAN PACIFIC 2022 29% 2019 31% 2022 21% 2019 18% AFRICAN AMERICAN / BLACK 2022 24% 2019 23% HISPANIC / LATINO 2022 1% 2019 2% NATIVE AMERICAN O U R I M P A C T Help us close racial gaps and break the cycle of poverty for future generations. At WRMSDC, we believe that no family should face hunger, violence, and poverty. Yet, in America, 24% of Native Americans, 21% of African Americans, and 17% of Latinos live in high-poverty neighborhoods compared to 4% of the Caucasian population¹. For African Americans, one in five are living in poverty for the third generation in a row, compared to one in one hundred Caucasian Americans². The typical African American family has $24,000 of wealth, the typical Hispanic family $36,000, and other families (Asian, American Indian, Alaska Native, Native Hawaiian, Pacific Islander, mixed races, and other races) $74,000, compared to $188,000 for the typical Caucasian family³ . This relentless cycle of poverty is the legacy of centuries of racism and exploitation of communities of color 4 . To address these racial gaps, WRMSDC works to support people of color who have founded their own companies to make a better life for themselves and their families. We help them gain the funding, education, and connections essential to feeding their families, supporting their communities, and building intergenerational wealth. By supporting our programs, you can help us break the cycle of poverty for future generations. https://wrmsdc.org/ Infographic - Growth of MBEs https://wrmsdc.org/giving-tuesday/pdf/WRMSDC%20v2.pdf 1. https://nationalequityatlas.org/indicators/Neighborhood_poverty#/?geo=01000000000000000 2. https://www.brookings.edu/research/long-shadows-the-black-white-gap-in-multigenerational-poverty/ 3. https://www.stlouisfed.org/open-vault/2020/december/has-wealth-inequality-changed-over-time-key-statistics https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances20200928.html 4. https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/ Help WRMSDC close racial gaps and break cycles of poverty for future generations. Are you with us? CERTIFIED MINORITY ENTREPRENEURS OVERALL GROWTH +156 2019 911 2022 1067 NORTHERN CALIFORNIA +132 2019 77% 78% 2022 NEVADA +24 2019 19% 18% 2022 HAWAI‘I +0 2019 4% 4% 2022 GROWTH OF OUR MINORITY ENTREPRENEURS BY REGION ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................... GROWTH BY CLASS 2022 32% 2019 30% CLASS 1 CLASS 2 2022 40% 2019 44% CLASS 3 2022 20% 2019 18% CLASS 4 2022 7% 2019 7% CLASS MOBILITY CLASS 1 CLASS 2 29 CLASS 2 CLASS 3 37 CLASS 3 CLASS 4 7 CLASS 1 CLASS 3 1 Class 1 = Annual sales less than $1M Class 2 = Annual sales from $1M - $10M Class 3 = Annual Sales from $10M - $50M Class 4 = Annual Sales over $50M GROWTH OF OUR MINORITY ENTREPRENEURS BY INDUSTRY CONSTRUCTION CONTRACTORS BROKERS +0 +78 +12 +16 +42 -4 +12 CONSULTANTS DISTRIBUTORS MANUFACTURERS MANUFACTURER REPRESENTATIVES SERVICES CONTRACTORS 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 26 26 15 11 99 111 87 99 103 119 143 185 438 516 MALE + 2019 84 70% 2022 67% FEMALE +72 2019 30% 2022 33% GROWTH BY GENDER GROWTH BY ETHNICITY 2022 26% 2019 26% ASIAN INDIAN ASIAN PACIFIC 2022 29% 2019 31% 2022 21% 2019 18% AFRICAN AMERICAN / BLACK 2022 24% 2019 23% HISPANIC / LATINO 2022 1% 2019 2% NATIVE AMERICAN O U R I M P A C T Help us close racial gaps and break the cycle of poverty for future generations. At WRMSDC, we believe that no family should face hunger, violence, and poverty. Yet, in America, 24% of Native Americans, 21% of African Americans, and 17% of Latinos live in high-poverty neighborhoods compared to 4% of the Caucasian population¹. For African Americans, one in five are living in poverty for the third generation in a row, compared to one in one hundred Caucasian Americans². The typical African American family has $24,000 of wealth, the typical Hispanic family $36,000, and other families (Asian, American Indian, Alaska Native, Native Hawaiian, Pacific Islander, mixed races, and other races) $74,000, compared to $188,000 for the typical Caucasian family³ . This relentless cycle of poverty is the legacy of centuries of racism and exploitation of communities of color 4 . To address these racial gaps, WRMSDC works to support people of color who have founded their own companies to make a better life for themselves and their families. We help them gain the funding, education, and connections essential to feeding their families, supporting their communities, and building intergenerational wealth. By supporting our programs, you can help us break the cycle of poverty for future generations. https://wrmsdc.org/
1. https://nationalequityatlas.org/indicators/Neighborhood_poverty#/?geo=01000000000000000 2. https://www.brookings.edu/research/long-shadows-the-black-white-gap-in-multigenerational-poverty/ 3. https://www.stlouisfed.org/open-vault/2020/december/has-wealth-inequality-changed-over-time-key-statistics https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances20200928.html 4. https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/ Help WRMSDC close racial gaps and break cycles of poverty for future generations. Are you with us? CERTIFIED MINORITY ENTREPRENEURS OVERALL GROWTH +156 2019 911 2022 1067 NORTHERN CALIFORNIA +132 2019 77% 78% 2022 NEVADA +24 2019 19% 18% 2022 HAWAI‘I +0 2019 4% 4% 2022 GROWTH OF OUR MINORITY ENTREPRENEURS BY REGION ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................... GROWTH BY CLASS 2022 32% 2019 30% CLASS 1 CLASS 2 2022 40% 2019 44% CLASS 3 2022 20% 2019 18% CLASS 4 2022 7% 2019 7% CLASS MOBILITY CLASS 1 CLASS 2 29 CLASS 2 CLASS 3 37 CLASS 3 CLASS 4 7 CLASS 1 CLASS 3 1 Class 1 = Annual sales less than $1M Class 2 = Annual sales from $1M - $10M Class 3 = Annual Sales from $10M - $50M Class 4 = Annual Sales over $50M GROWTH OF OUR MINORITY ENTREPRENEURS BY INDUSTRY CONSTRUCTION CONTRACTORS BROKERS +0 +78 +12 +16 +42 -4 +12 CONSULTANTS DISTRIBUTORS MANUFACTURERS MANUFACTURER REPRESENTATIVES SERVICES CONTRACTORS 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 26 26 15 11 99 111 87 99 103 119 143 185 438 516 MALE + 2019 84 70% 2022 67% FEMALE +72 2019 30% 2022 33% GROWTH BY GENDER GROWTH BY ETHNICITY 2022 26% 2019 26% ASIAN INDIAN ASIAN PACIFIC 2022 29% 2019 31% 2022 21% 2019 18% AFRICAN AMERICAN / BLACK 2022 24% 2019 23% HISPANIC / LATINO 2022 1% 2019 2% NATIVE AMERICAN O U R I M P A C T Help us close racial gaps and break the cycle of poverty for future generations. At WRMSDC, we believe that no family should face hunger, violence, and poverty. Yet, in America, 24% of Native Americans, 21% of African Americans, and 17% of Latinos live in high-poverty neighborhoods compared to 4% of the Caucasian population¹. For African Americans, one in five are living in poverty for the third generation in a row, compared to one in one hundred Caucasian Americans². The typical African American family has $24,000 of wealth, the typical Hispanic family $36,000, and other families (Asian, American Indian, Alaska Native, Native Hawaiian, Pacific Islander, mixed races, and other races) $74,000, compared to $188,000 for the typical Caucasian family³ . This relentless cycle of poverty is the legacy of centuries of racism and exploitation of communities of color 4 . To address these racial gaps, WRMSDC works to support people of color who have founded their own companies to make a better life for themselves and their families. We help them gain the funding, education, and connections essential to feeding their families, supporting their communities, and building intergenerational wealth. By supporting our programs, you can help us break the cycle of poverty for future generations. https://wrmsdc.org/ 1. https://nationalequityatlas.org/indicators/Neighborhood_poverty#/?geo=01000000000000000 2. https://www.brookings.edu/research/long-shadows-the-black-white-gap-in-multigenerational-poverty/ 3. https://www.stlouisfed.org/open-vault/2020/december/has-wealth-inequality-changed-over-time-key-statistics https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances20200928.html 4. https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/ Help WRMSDC close racial gaps and break cycles of poverty for future generations. Are you with us? CERTIFIED MINORITY ENTREPRENEURS OVERALL GROWTH +156 2019 911 2022 1067 NORTHERN CALIFORNIA +132 2019 77% 78% 2022 NEVADA +24 2019 19% 18% 2022 HAWAI‘I +0 2019 4% 4% 2022 GROWTH OF OUR MINORITY ENTREPRENEURS BY REGION ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................... GROWTH BY CLASS 2022 32% 2019 30% CLASS 1 CLASS 2 2022 40% 2019 44% CLASS 3 2022 20% 2019 18% CLASS 4 2022 7% 2019 7% CLASS MOBILITY CLASS 1 CLASS 2 29 CLASS 2 CLASS 3 37 CLASS 3 CLASS 4 7 CLASS 1 CLASS 3 1 Class 1 = Annual sales less than $1M Class 2 = Annual sales from $1M - $10M Class 3 = Annual Sales from $10M - $50M Class 4 = Annual Sales over $50M GROWTH OF OUR MINORITY ENTREPRENEURS BY INDUSTRY CONSTRUCTION CONTRACTORS BROKERS +0 +78 +12 +16 +42 -4 +12 CONSULTANTS DISTRIBUTORS MANUFACTURERS MANUFACTURER REPRESENTATIVES SERVICES CONTRACTORS 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 26 26 15 11 99 111 87 99 103 119 143 185 438 516 MALE + 2019 84 70% 2022 67% FEMALE +72 2019 30% 2022 33% GROWTH BY GENDER GROWTH BY ETHNICITY 2022 26% 2019 26% ASIAN INDIAN ASIAN PACIFIC 2022 29% 2019 31% 2022 21% 2019 18% AFRICAN AMERICAN / BLACK 2022 24% 2019 23% HISPANIC / LATINO 2022 1% 2019 2% NATIVE AMERICAN O U R I M P A C T Help us close racial gaps and break the cycle of poverty for future generations. At WRMSDC, we believe that no family should face hunger, violence, and poverty. Yet, in America, 24% of Native Americans, 21% of African Americans, and 17% of Latinos live in high-poverty neighborhoods compared to 4% of the Caucasian population¹. For African Americans, one in five are living in poverty for the third generation in a row, compared to one in one hundred Caucasian Americans². The typical African American family has $24,000 of wealth, the typical Hispanic family $36,000, and other families (Asian, American Indian, Alaska Native, Native Hawaiian, Pacific Islander, mixed races, and other races) $74,000, compared to $188,000 for the typical Caucasian family³ . This relentless cycle of poverty is the legacy of centuries of racism and exploitation of communities of color 4 . To address these racial gaps, WRMSDC works to support people of color who have founded their own companies to make a better life for themselves and their families. We help them gain the funding, education, and connections essential to feeding their families, supporting their communities, and building intergenerational wealth. By supporting our programs, you can help us break the cycle of poverty for future generations. https://wrmsdc.org/ 1. https://nationalequityatlas.org/indicators/Neighborhood_poverty#/?geo=01000000000000000 2. https://www.brookings.edu/research/long-shadows-the-black-white-gap-in-multigenerational-poverty/ 3. https://www.stlouisfed.org/open-vault/2020/december/has-wealth-inequality-changed-over-time-key-statistics https://www.federalreserve.gov/econres/notes/feds-notes/disparities-in-wealth-by-race-and-ethnicity-in-the-2019-survey-of-consumer-finances20200928.html 4. https://www.brookings.edu/research/closing-the-racial-wealth-gap-requires-heavy-progressive-taxation-of-wealth/ Help WRMSDC close racial gaps and break cycles of poverty for future generations. Are you with us? CERTIFIED MINORITY ENTREPRENEURS OVERALL GROWTH +156 2019 911 2022 1067 NORTHERN CALIFORNIA +132 2019 77% 78% 2022 NEVADA +24 2019 19% 18% 2022 HAWAI‘I +0 2019 4% 4% 2022 GROWTH OF OUR MINORITY ENTREPRENEURS BY REGION ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................................................................................................................... ......................................................................... GROWTH BY CLASS 2022 32% 2019 30% CLASS 1 CLASS 2 2022 40% 2019 44% CLASS 3 2022 20% 2019 18% CLASS 4 2022 7% 2019 7% CLASS MOBILITY CLASS 1 CLASS 2 29 CLASS 2 CLASS 3 37 CLASS 3 CLASS 4 7 CLASS 1 CLASS 3 1 Class 1 = Annual sales less than $1M Class 2 = Annual sales from $1M - $10M Class 3 = Annual Sales from $10M - $50M Class 4 = Annual Sales over $50M GROWTH OF OUR MINORITY ENTREPRENEURS BY INDUSTRY CONSTRUCTION CONTRACTORS BROKERS +0 +78 +12 +16 +42 -4 +12 CONSULTANTS DISTRIBUTORS MANUFACTURERS MANUFACTURER REPRESENTATIVES SERVICES CONTRACTORS 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 2019 2022 26 26 15 11 99 111 87 99 103 119 143 185 438 516 MALE + 2019 84 70% 2022 67% FEMALE +72 2019 30% 2022 33% GROWTH BY GENDER GROWTH BY ETHNICITY 2022 26% 2019 26% ASIAN INDIAN ASIAN PACIFIC 2022 29% 2019 31% 2022 21% 2019 18% AFRICAN AMERICAN / BLACK 2022 24% 2019 23% HISPANIC / LATINO 2022 1% 2019 2% NATIVE AMERICAN O U R I M P A C T Help us close racial gaps and break the cycle of poverty for future generations. At WRMSDC, we believe that no family should face hunger, violence, and poverty. Yet, in America, 24% of Native Americans, 21% of African Americans, and 17% of Latinos live in high-poverty neighborhoods compared to 4% of the Caucasian population¹. For African Americans, one in five are living in poverty for the third generation in a row, compared to one in one hundred Caucasian Americans². The typical African American family has $24,000 of wealth, the typical Hispanic family $36,000, and other families (Asian, American Indian, Alaska Native, Native Hawaiian, Pacific Islander, mixed races, and other races) $74,000, compared to $188,000 for the typical Caucasian family³ . This relentless cycle of poverty is the legacy of centuries of racism and exploitation of communities of color 4 . To address these racial gaps, WRMSDC works to support people of color who have founded their own companies to make a better life for themselves and their families. We help them gain the funding, education, and connections essential to feeding their families, supporting their communities, and building intergenerational wealth. By supporting our programs, you can help us break the cycle of poverty for future generations. https://wrmsdc.org/ Infographic - Growth of MBEs https://wrmsdc.org/giving-tuesday/pdf/WRMSDC%20v2.pdf
BUSINESS OPPORTUNITY DAY BUSINESS OPPORTUNITY DAY 66 For More Info, Go To WRMSDC.ORG/EVENTS UPCOMING EVENTS Quick Links Other Details Stay Connected Donate Contact Us 80 Swan Way #245 Oakland, CA 94621 [email protected] 2023 WRMSDC Events Times, venues, and details are forthcoming ·Dates may change based on scheduling ·Registration is forthcoming Support Our Events Get Involved Events by Region Construction and Financial Services-specific events will be announced in 2023 Ask Questions About the Western Regional Minority Supplier Development Council (WRMSDC) The best way to make sure children have access to food, safety, and education is to ensure that parents and caregivers have good jobs. As a family’s income increases, their exposure to violence, poverty, and the likelihood of incarceration decreases. WRMSDC’s programs drive the job and wealth creation essential to thriving underserved communities. Visit us at wrmsdc.org. MBE Input Committee Meeting April 14 Location TBA Signature Event Excellence in Supplier Diversity Awards Gala May 11 MBE Input Committee Meeting May 12 Location TBA Matchmaking & Mentoring Part 1 May 17-19, May 22-23 MBE Input Committee Meeting June 9 Location TBA Program Managers Supplier Diversity Best Practices Forum June 22 Matchmaking & Mentoring Part 2 June 26-30 MBE Input Committee Meeting July 14 Location TBA MBE Input Committee Meeting Aug 11 Location TBA Signature Event Multi-Industry Supplier Diversity Expo Aug 24 Tentative MBE Input Committee Meeting Sep 8 Location TBA MBE Input Committee Meeting Oct 13 Location TBA Northern NV: Small & Minority Business Mixer TBD Signature Event Holiday Celebration & Fundraiser Nov 8 MBE Input Committee Meeting Nov 10 Location TBA MBEIC Open House and Annual Fundraiser Dec 1 MBE Input Committee Meeting Dec 8 Location TBA Minority Businesses Corporate Members Event Sponsorship Learning Center Contact Us Leadership Media Center Legal Site Map © 2020 - Western Regional Minority Supplier Development Council
BUSINESS OPPORTUNITY DAY BUSINESS OPPORTUNITY DAY 67 Congratulations to these WRMSDC certified MBEs & our own Rose Davis Director of Corporate Services & MBE Development (NV)! Award winners will be recognized at the 2023 SBA Awards Congratulations!
FOCUSED ON WHAT MAT TERS ADVOCATING FOR DIVERSITY. The MGM Resorts Supplier Diversity Mentorship Program offers diverse-owned business leaders a competitive edge through closing business gaps and learning best practices from subject matter experts within the company. Driven by a goal of graduating 150 businesses by 2025, we are proud to support the Western Regional Minority Supplier Development Council in its advocacy for minority-owned businesses. 21-CSR-7689-018 National Minority Supplier Dev Council Ad PP.indd 1 11/9/21 5:59 PM