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Bridging the GapPresentation
Bridging The Gapfor
Small, Women, and Minority Owned Businesses
America’s Economic Engine Small Businesses
• 35 percent of Fortune 500 companies are family-controlled
• 50 percent of U.S. gross domestic product• 60 percent of the country's employment• 78 percent of all new job creation - Forbes (5/2014)
The Importance of Small Business in Economic
Development
State of Minority Business in America
Even though they now make up 29% of all U.S. firms, minority-owned businesses still only
account for 4% of all business revenue in the U.S.
Fast Company (3/15/16))
State of Women Owned Business in America
Even though they now make up 32.6% of all U.S. firms, women-owned businesses still only
account for less than 4% of all business revenue in the U.S.
American Express Open (5/2015)
Strategic Value of Stratageum
Overview of Services that Stratageum offers that may provide
assistance in increasing Small, Women and Minority Owned
Businesses utilization potentially increasing entrepreneurship,
economic and community development. This is imperative for
sustained economic growth and viability.
Strong Aspirational GoalsDefinitive Expectations
Engaged and On-board EmployeesRobust Compliance ProgramComprehensive Reporting
and Benchmarking
Best Practices for Effective Supplier
Diversity Programs
Lack of relationships with diverse vendors
Lack of promotion from the decision makers
Lack of buy-in from end-users Taking a risk verses taking a chance
with Diverse SuppliersNegative Perceptions of Diverse
Suppliers (They cost too much or not as good)
Hindrances to a Strong Supplier Diversity
Program
Stratageum HistoryStratageum was started in October 2014
Samuel Hayes III – Managing Principal
• Former Director of the Virginia Department of Small Business and Supplier Diversity
• Achieved the highest utilization of small, women and minority businesses providing goods and services to the Commonwealth of Virginia in its history.
Stratageum’s MissionThe mission of Stratageum is to
position small, women and minority (SWaM) owned businesses to
successfully provide goods and services to the government,
educational and private industry sectors while engaging governments,
educational institutions and prime contractors to fully utilize these businesses. Stratageum has a
relentless pursuit to "bridge the gap" for SWaM businesses to successfully
compete in the marketplace.
Vendor MatchmakingSpecial Projects
Comprehensive Review of Existing Supplier Diversity Programs and
EnhancementsCompliance and Contract Review and
Reporting SWaM Outreach and Business
DevelopmentBuyer and End-User Training
Stratageum Services
NEXT STEPS
CONCLUSIONThank You for Participating with Us Today.
For more info about us please visit:www.stratageum.com
Samuel Hayes III, P.E. | CEO
[email protected](540) 521-8660