Entrepreneurship

/Entrepreneurship
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Supplier Diversity: Connecting Entrepreneurs to Economic Opportunity

Supplier diversity programs were developed to level the playing field for diverse suppliers, including minority, women, LGBTQ, disabled, and veteran-owned businesses. By connecting entrepreneurs to economic opportunity, ideally, organizations can harness the power of the marketplace to drive social impact. However, supplier diversity often falls short on the data. It’s widely known that diverse suppliers are not given the opportunities to contract for public sector work at the rate of their non-minority and male counterparts despite the explosive growth of entrepreneurship among minority and women-owned firms.

Entrepreneurship Report 2021: Black Business Ownership In America

Pioneers of scrappy start-ups have fueled the American dream for generations, transforming how we live, work, and play. From the Ford Model T to Apple’s PC, Amazon, Facebook, and everything in between, the founders of today’s most iconic brands have turned their passions into enterprises that have spurred economic growth and provided jobs for millions. Yet, for the past 40 years, new business formation in the U.S. has been declining.