The National Minority Supplier Development Council (NMSDC) and the Minority Business
Development Agency (MBDA) signed a landmark alliance agreement during the first day of
NMSDC’s 50th Anniversary Conference & Exchange in New Orleans. This agreement will
strengthen minority business enterprises (MBEs) and help build generational wealth for
communities of color in the United States. More specifically the two organizations agree to:
Collaborate and effectively leverage each other's capabilities, programs, and services to develop creative and innovative approaches to foster the growth and global
competitiveness of MBEs including the amplification of opportunities for minority
contractors made available as a result of the Bipartisan Infrastructure Law, the CHIPS
Act, and other relevant federal investments.
Build public awareness of programs, services, and events offered by each organization through respective internal and external communications, publications, and digital
channels, including but not limited to newsletter features and columns, social media
cross-posting, website link exchanges, and press announcements.
Identify opportunities to work together to participate in conferences, workshops,
seminars, and other educational outreach activities of one another.
Investigate strategies for increasing the participation of minority entrepreneurs and business owners in various supply chains and providing access to public-private partnerships held by both parties.
In addition to these joint activities, MBDA agrees to:
Recognize NMSDC as an important strategic ally with its network of grantees across the country.
Facilitate introductions of local NMSDC offices to MBDA Business Centers.
Provide opportunities for the NMSDC CEO and president and other subject matter
experts to provide remarks during MBDA-hosted events, like the National Minority Enterprise Development Week (MED Week).
Identify opportunities to collaborate, plan, and activate national awareness campaigns and programming that promote minority business enterprises and provide resources for
their business growth, including linking to the NMSDC website on the MBDA website.
Share information about NMSDC programs, events, and major initiatives through its digital channels and network of more than 70 grantees.
Display the NMSDC logo on MBDA materials used in connection with jointly promoted MBDA/NMSDC activities and events.
In exchange, NMSDC agrees to:
Plan, organize, and activate entrepreneurial programming for MBEs to provide
resources and educational opportunities for their business growth, in mutually agreed
Provide speaking and engagement opportunities for the MBDA Under Secretary or
designee at NMSDC national programs such as NMSDC’s Minority Business Economic
Forum and Annual Conference & Exchange.
Provide opportunities for MBDA to engage in NMSDC’s partnership platform Build Up Local to engage MBE resources, access, education, and information regarding the Bipartisan Infrastructure Law and other federal investments and the impact on their businesses.
Display the MBDA logo on NMSDC materials used in connection with jointly promoted MBDA/NMSDC activities and events.
Assist with the dissemination of MBDA events and initiatives, including research and information pertaining to MBEs, to NMSDC’s network of MBEs and stakeholders.
Include a link to the MBDA website on NMSDC’s website.
“NMSDC and the MBDA have a long, storied history of working together to create a more
racially equitable economy. I look forward to embarking on a new era of partnership between
the two organizations that will strengthen our efforts to reach $1 trillion in annual revenue
generation for NMSDC-certified MBEs,” said NMSDC CEO and President Ying McGuire.