Opportunity for all
Economic success belongs to everyone. The Chamber, including Chairman’s Circle members, are uniting organizations in a Supplier Diversity Collaborative to help businesses owned by minorities and women increase their sales. The Collaborative’s new supplier diversity plan focuses on certification, connections and development. An important first step is to help more Memphis companies qualify for Minority- or Woman-owned Business Enterprise (MWBE) certification. The Collaborative is also cataloging MWBEs and improving communication between purchasing companies and MWBE companies. Currently, a majority of the MWBE sales in Memphis are business-to-government. To expand the opportunities for MWBEs, the Collaborative is working to connect them to more private-sector purchasing. Chairman’s Circle members are stepping up with commitments to buy more products and services from MWBEs. MWBE companies are also receiving valuable guidance from Chairman’s Circle members through the Collaborative’s business development program.