NMSDC

The National Minority Supplier Development Council ® (NMSDC®) provides a direct link between corporate America and minority-owned businesses. NMSDC is one of the country’s leading business membership organizations. It was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.

NMSDC’s rigorous certification process is considered the gold standard for certifying minority-owned businesses by corporate America.

The NMSDC Network includes a National Office in New York and 37 regional councils across the country. There are 3,500 corporate members throughout the network, including most of America’s largest publicly-owned, privately-owned and foreign-owned companies, as well as universities, hospitals and other buying institutions. The regional councils certify and match more than 17,000 minority owned businesses (Asian, Black, Hispanic and Native American) with member corporations which want to purchase goods and services.

Procurement Activity

In 2008, member corporations’ purchases from minority businesses exceeded $100.5 billion. This was accomplished not by lowering corporate purchasing standards ¯ in fact, these standards have gotten much tougher in recent years ¯ but by sourcing qualified minority firms and giving them business on a competitive basis.

The amount of purchases by NMSDC corporate members from minority businesses has grown from an estimated $86 million in 1972 to $104.7 billion in 2007.

Currently, minorities represent 28% of the United States population, but minority businesses represent only 15% of total businesses, 3% of gross receipts—and 4% of total corporate purchases. Much more remains to be done.