NEW YORK, May 8, 2013 /PRNewswire-USNewswire/ -- The New York & New Jersey Minority Supplier Development Council (The Council) will celebrate its 40th anniversary throughout 2013 with special events and programs examining The Council's direct impact in developing economic partnerships between New York and New Jersey metro area minority businesses and Fortune 500 companies, institutions and government agencies.
In addition, The Council's 40th anniversary celebration includes a salute to the initial 1973 minority business owners that were certified by The Council and the founding corporate members during the Business Opportunity Expo from June 19-20 at the New York Marriott Marquis in Manhattan.
In 1973, when The Council was launched, President Richard Nixon was in office. That year, The Council certified 50 minority businesses from New York and New Jersey. There were less than 20 Fortune 500 companies that signed on to be founding members. These early corporate members included Banker's Trust, AT&T, NYNEX, Citibank and Con Edison. Avon hosted The Council's first office in their corporate headquarters.
Today, in 2013, President Barack Obama is in office. The Council has approximately 225 corporate members encompassing Fortune 500 companies, institutions and government agencies. There are approximately 1,300 certified African American, Asian American, Hispanic American and Native American businesses. These minority businesses have annual revenues ranging from $100,000 to $2 billion. In 2012, The Council's certified minority businesses totaled over $27 billion in revenue from corporate contracts.
"Across the 40 year span of The Council, corporations have acknowledged that supplier diversity and inclusion have proven to be a financially viable business case, not only to the corporation, but to the economic stability of communities," said Lynda Ireland, president and CEO, The Council. Under her direction and leadership for almost 20 years, The Council certifies minority businesses to be eligible to compete for contracts with its corporate members. Through special events, business workshops and sourcing services, The Council is a conduit in creating partnerships.
The Council is an award-winning National Minority Supplier Development Council affiliate. Its jurisdiction encompasses New York State, North and Central New Jersey and Trenton.
SOURCE New York & New Jersey Minority Supplier Development Council, Inc.