Businesses across the region are making a commitment to increase opportunities for small, Black- and brown-owned businesses by partnering with buyers to establish procurement goals and strategies.
With the generous support of Ernst & Young, the Chamber of Commerce for Greater Philadelphia is working to demonstrate the significant impact of diverse procurement on our region’s inclusive recovery through our Diverse Procurement Collaborative, an initiative created to increase our business community’s focus on suppler diversity and our region’s inclusive recovery.
Collaborative participants include the Eastern Minority Supplier Development Council (EMSDC) and Philadelphia International Airport (PHL Airport) who have made strides to diversify their supply chains and set a framework for other businesses in our region to do the same.
Diverse procurement includes diversity of an organization’s purchasing, partnerships, hiring, advertising, community engagement efforts, and more. For PHL Airport, the benefits of a diverse supply chain have been immense. The organization’s procurement practices help it develop products and services to meet the needs of potential clients, open more markets, and ensure effective outreach to stakeholders. But more importantly, the airport views supplier diversity as the right thing to do to uplift our region’s small, Black- and brown-owned businesses and ensure an inclusive recovery.
As major players in our local economy, small businesses support the strength of our entire region. The EMSDC certifies and connects minority-owned businesses with corporations who are committed to supplier diversity. With the call to “think local, spend local,” the EMSDC puts the impact of supplier diversity into perspective: every $50.00 spent with a small, Black- and brown-owned business, $33.50 will re-circulate in the local community. When multiplying that by thousands or millions, the impact on our regional economy becomes easily understood — contributing to the success of our region’s small businesses ensures the viability of our entire business community.
By joining the Chamber’s Diverse Procurement Collaborative, your organization can sign on to commit to increase the diversity of your supplier network and spend with diverse vendors. Collaborative participants start by taking a baseline assessment to examine current practices and identify opportunities for growth, then review benchmarks and set goals, and consistently track and report progress alongside a community of business leaders committed to building better diverse procurement strategies. The collaborative provides an opportunity for organizations to exchange ideas, build community, and engage in shared learning and resources.
Through the Diverse Procurement Collaborative, Chamber member companies can support the advancement, sustainability, and growth of Black and brown businesses in our community and strive toward creating a more equitable region.
To join the collaborative or get more information, contact James Campbell.
As the Chamber continues our longstanding commitment to diversity, equity, and inclusion in our region, we’re highlighting ways our business community can meaningfully increase equity to bring about lasting change in the workplace.
Through Recharge & Recover PHL, we’re working to increase opportunities for small, Black- and brown-owned businesses, and the DPC is just one way to get involved. The Chamber has outlined five aspirations with the potential to support not only Greater Philadelphia’s recovery but to also provide a means to differentiate our region for decades to come.
For more information, go here.