NMSDC

AcronymDefinition
NMSDCNational Minority Supplier Development Council, Inc.
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To achieve supplier diversity, NMSDC matches more than 12,000 certified minority-owned businesses to its vast network of corporate members who wish to purchase their products, services and solutions.
With the NMSDC goals to expose minority owned businesses to the corporate buying market, provide companies with information on qualified MBE suppliers, and to increase corporate purchases from minority owned businesses; MBE certification has the potential to increase business opportunities for Life in Mobile and its partner clients.
Verizon spends over $1 billion per year with MBE's and is a member of the BDR, NMSDC, and WBENC.
Wright, the president of NMSDC, says its corporate guidelines include establishing a comprehensive minority supplier development process with an active mentoring and training program for MBEs, as well as capacity-building measures to help minority firms engage in joint ventures and strategic partnerships.
High-profile tenants like NMSDC are attracted to the building because they understand the importance of the structure and ability of ownership to deliver on lease commitments, not only during construction, but also throughout the entire lease term.
The NMSDC will include three days of workshops and seminars with relevant information for minority business education and growth as well as the annual Business Opportunity Fair featuring more than 700 exhibitors.
Founded largely with seed money from IBM, the group has as its mission to act as an independent certifying body, working much the same way NMSDC and the SBA do.
CPAs can find such groups locally by contacting the National Minority Supplier Development Council, or NMSDC (15 West 39 Street, Ninth Floor, New York, New York 10018; telephone: (212) 944-2430), as described in step 3 below.
Founded in 1972, the NMSDC has grown to become one of the country's leading minority supplier development organizations.
Further, BCF is a non-profit business development programme of the NMSDC and operates as a funding resource and business support organisation for minority designated businesses.
As an NMSDC Leadership Award winner, Chen was profiled in the May 5 Fortune 500 Special Edition issue of Fortune Magazine.