Minority–owned businesses critical measure of the nation’s economic health

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Sunday, June 26, 2016 at 9:26PM

The controversies earlier this year surrounding the Oscar nominations and the Twitter workforce grabbed headlines, but the race toward diversity is not limited to increasing the numbers of minorities in the workplace — it is also a dynamic process taking place within the nation’s supply chains.

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Joseph R. Hinrichs: Chairman of NMSDC

For Immediate Release
June 9, 2016
Press contact: Phil Thurston
(212) 944-2430 ext: 127

The National Minority Supplier Development Council ( is pleased to announce that Joseph R. Hinrichs, executive vice president and president, The Americas, Ford Motor Company, has accepted the position of Chairman of NMSDC.

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Corporations receive national awards

Citigroup, Bristol-Myers Squibb, and others receive national awards for minority supplier development

Both individuals and businesses of all sizes were honored on May 18 at the 2016 National Minority Supplier Development Council Leadership Awards in New York.

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NMSDC Leadership Awards

People, places, politics & parties.

By Lifestyles editor: Audrey J. Bernard

NMSDC “Leadership Awards” gala honors former president Harriet R. Michel

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Ford: NMSDC’s Corporation of the Year

Ford Motor Co. has been a leader in the auto industry since it was founded by Henry Ford in 1903.

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Supplier Diversity’s Future

At the 2015 National Minority Supplier Development Council Conference, several chief procurement officers from leading corporations participated in a session titled “The Future of Minority Supplier Development” to share their views on developing supply chains that can be engines for economic growth.

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Chicago MSDC Delivers

Chicago is known for being the Windy City, deep dish pizza, the “L” train and – in supplier diversity circles – the Chicago Minority Supplier Development Council.

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Joset Wright-Lacy Predicts Supplier Diversity Future – Part 2

“The numbers don’t lie.”

by Safon Floyd    Posted: May 21, 2016

In Part 2 of an enlightening conversation on the supplier diversity landscape with National Minority Supplier Development Council (NMSDC) president, Joset Wright-Lacy, learns of the commodity, necessity, and future of diverse suppliers.

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NMSDC President Joset Wright-Lacy: 6 year plan

President Joset Wright-Lacy speaks about the 6 year plan.

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President Talks Prejudice in Business – Part 1

President of one of the country’s leading corporate membership organizations, Joset Wright-Lacy, talks the impact and importance of the NMSDC’s diversity initiative

by Safon Floyd    Posted: May 20, 2016

It’s hard to argue against the necessity for supplier diversity in the corporate sect. Though the necessity appears obvious, the barriers for minority suppliers exists on a vast scale. Enter, the National Minority Supplier Development Council (NMSDC).

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Lost Minority Business = Millions of Missing Potential Jobs and Billions in Income

05/09/2016 01:06 pm ET |

  • Margarita Hakobyan Margarita Hakobyan is a businesswoman and an entrepreneur that is addicted to creating. Founder and CEO of MoversCorp and

What if you heard that there’s an easy way to create a million businesses, and those businesses could add 9 million jobs and $300 billion in worker income to the U.S. economy? Exciting news, right?

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Economic Development Administration Announces Major Opportunities

Thursday, May 5, 2016

This week, EDA’s Office of Innovation and Entrepreneurship (OIE) is excited to announce major developments in two of its core initiatives:

    •    Beginning May 2, 2016, OIE is soliciting applications for appointment to the National Advisory Council on Innovation and Entrepreneurship (NACIE) for its next term.  The application period will close at 11:59pm Eastern Time on June 1, 2016.

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