Providing a direct link between Corporate America and minority-owned businesses is the primary objective of the National Minority Supplier Development Council, one of the country's leading business membership organizations. It was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.
The NMSDC Network includes a national office in New York and 36 Regional Councils across the country. There are 3,500 corporate members throughout the network, including America’s top publicly-owned, privately-owned and foreign-owned companies as well as universities, hospitals and other buying institutions. The Regional Councils certify and match more than 16,000 minority-owned businesses (Asian, Black, Hispanic and Native American) with member corporations which want to purchase goods and services.
The Chairman's Advisory Council and Board of Directors include top corporate representatives, minority businesses and other civic leaders. Board Committees involving corporate members, minority entrepreneurs, and regional and national staff are fully operational.
Joset B. Wright, an attorney and former procurement executive, is the President of the National Minority Supplier Development Council.
In 2010, member corporations' purchases exceeded $100 billion. This was accomplished not by lowering corporate purchasing standards — in fact, these standards have gotten much tougher in recent years — but by sourcing qualified firms and giving them business.