More and more businesses are setting diversity, equity and inclusion goals. Such goals can range from elevating employee voices and serving underrepresented populations to contracting with diverse-owned suppliers.
The latter effort is exemplified by the Billion Dollar Roundtable, a collection of 28 Fortune 500 companies that spend at least $1 billion annually with diverse businesses. (Diverse businesses are at least 51% owned and operated by underrepresented or underserved groups.) Qualifying businesses can position themselves to capitalize on this growth opportunity by getting certified as a diverse-owned supplier.
JPMorgan Chase Commercial Banking’s Thelma Ferguson recently outlined the advantages of diverse-owned certification, which include:
- Access to capital
- Resources, mentoring and support
- Business opportunities and referrals
Learn more about the benefits of becoming a certified diverse-owned business in the Los Angeles Sentinel.
