The National Business League (NBL) is the first and largest non-profit trade association for Black-owned businesses and professionals in the United States. Founded in 1900 by Booker T. Washington, it has a long and rich history of advocating for and supporting Black economic empowerment.
In a significant milestone for racial equity and economic empowerment, the National Black Supplier Development Program (NBSDP), run by the National Business League, has announced that participating Black-owned businesses have secured over $100 million in purchasing contracts in the past two years. This achievement underscores the program’s success in fostering connections and opportunities for Black suppliers across various industries.
Launched in 2021 with the aim of addressing the economic challenges faced by Black businesses during the pandemic and promoting racial equity, the NBSDP has provided targeted support through:
- Connecting Black-owned businesses with corporate partners: The program facilitates introductions and builds relationships between qualified Black suppliers and major corporations seeking diverse vendor networks.
- Business development resources: Participants receive training, mentorship, and guidance on navigating the complexities of corporate procurement processes.
- Advocacy for equitable contracting practices: The NBL actively advocates for policies and initiatives that create a more level playing field for Black businesses in the procurement landscape.
The $100 million milestone represents a tangible outcome of these efforts. Participating businesses have secured contracts in diverse sectors, ranging from manufacturing and technology to healthcare and professional services.k communities.
Dr. Ken L. Harris, President/CEO of the NBL, emphasizes the significance of this achievement: “We have progressed far beyond empty promises and announcements,” he states. “The NBSDP is fostering commerce-driven initiatives and purposeful opportunities, translating good intentions into real economic power for Black businesses.”
The positive impact extends beyond the immediate financial gains. The program fosters confidence and opens doors for future growth, allowing Black businesses to scale their operations and create employment opportunities within their communities.
Looking ahead, the NBL remains committed to expanding the reach and impact of the NBSDP. They are actively seeking new corporate partners and welcoming applications from qualified Black-owned businesses seeking to participate in the program.
This milestone serves as a beacon of hope and signifies the potential for impactful change through targeted initiatives that bridge the gap between Black businesses and corporate procurement opportunities. As Dr. Forrest Carter, NBSDP National Director, envisions, “Our goal is to support the development of more than 3.2 million Black businesses nationwide, providing them with opportunities within the federal government, as well as the public and private sectors.”
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