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Learn about the opportunities of becoming a Minority Business Enterprise in Tennessee through the Tennessee Minority Supplier Development Council
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Tennessee Minority Supplier Development
Council
Coming Together for . . . Mutual Success!
“To promote and expand business opportunities between minority-owned businesses and major purchasers.”
• Business Case• Get to Know the TMSDC• National Affiliation Network• MBE Definition/Certification Process• Education Foundation• Events & Activities
Goals
The Business Case
Minorities Represent:• 28% of the population• Only 15% to all businesses• 3% of gross receipts• 4% of total corporate purchases
The US Census Bureau reports by 2020, minority population will total 37.4%
The combined power of African-Americans, Hispanics, Asian-Americans and Native-Americans is expected to exceed 1.5 trillion by 2009.
Advocate – Encouraging corporations to develop and implement supplier diversity programs
Catalyst – Bringing major purchasers together with certified
minority businesses
Educator – Providing training and educational programs that
meet the needs of members
Local Membership – 130 Corporations; 240 MBEs
Minority Expenditures - $11.5 Billion
Who We Are
“TMSDC is committed to being the leading supplier diversity advocate, to facilitate relationships between corporations and MBEs, resulting in improved sales, profits, business performance, consumer image and shareholder value.”
TMSDC Value Proposition
• Headquartered in New York City
• 3,500 Corporations
• 15,000 Certified Minority Businesses
• 38 Councils Nationwide
• $100.3 Billion in Minority Expenditures
National Minority Supplier Development Council
For Minority-Owned Business
• Certify ethnic minority-owned businesses• Provide access to working capital •Create networking opportunities• Provide business-building educational seminars•Attend Executive Management Programs
For Corporations
• Provide referrals and access to certified minority suppliers• Provide assistance in supplier diversity programs• Strengthen corporate presence and achieve procurement goals• Information clearinghouse on minority businesses development •Attend Advanced Programs Managers Seminars
What We Do
Events, Activates, & Seminars
March 25 Memphis Certification Forum May 21 Nashville Lunch and Learn SeminarJul 14 Knoxville Network MixerSep 17 Nashville Lunch and Learn SeminarOct. 22 Nashville General Membership MeetingDec 17 Memphis Networking Mixer
17th Annual Impact Awards GalaApril 23 Sheraton Nashville Downtown Hotel
9th Annual TMSDC Golf ClassicJune 25 Legends Club of Tennessee
29th Annual Marketplace of OpportunitiesAugust 26-27 Nashville Convention Center
17th Annual Minority Business Development ConferenceOctober 7-8 Knoxville Marriott Hotel
How We Do What We Do
• A minority business enterprise means a business that is 51% owned, operated and controlled by a minority group member.
• Minority group members are U.S. citizens who are African- American, Hispanic-American, Native-American, Asian-Pacific American and Asian-Indian American.
MBE Definition
• Certification Application to MBE
• Review for Completion with Documentation/Processing Fee
• Site Visit Scheduled/Conducted
• Certification Committee Reviews Recommends Approval of Denial of Application
• Presentation to Board of Directors for Final Disposition
• Applicant is Notified in Writing
• Certificate of Affiliation is Issued, if approved
• Re-certification Application (annually)
• Reciprocal (Out-of-State) Application
• www.tmsdc.net - Application
Certification Process
• Inaugurated in 1994
• Mission: To provide support to at-risk graduating seniors to continue their education beyond high school
• Success: $861,550.00 in scholarships to 170 high school graduates
• Generous Support from Corporations, Minority Businesses, Community Partners and Individuals
Education Foundation
We invite YOU to support TMSDC …..and Help Drive Economic Prosperity
In Tennessee!
State Office MetroCenter, Plaza I Building220 Athens Way, Suite 105
Nashville, Tennessee 37228(615) 259- 4699 (Phone) (615) 259-9480 (Fax)
Website - www.tmsdc.netE-mail - [email protected]
Tennessee Minority Supplier Development Council
Serving the entire state of Tennessee