NEW YORK, NY (PRWEB) November 22, 2005
Top New York and New Jersey Fortune 500 Corporations and major metropolitan area Asian, African American, Hispanic and Native American minority business owners were saluted for aiding in the growth of minority-owned companies on November 4 at the New York Marriott Marquis at the 2005 New York & New Jersey Minority Supplier Development Council’s Partnership Awards.
International Business Machine (IBM) was saluted by New York & New Jersey Minority Supplier Development Council’s certified minority business owners with the “National Corporation of the Year Award.” New Jersey-based Public Service Enterprise Group, Inc. (PSEG) was honored with both the “Regional Corporation of the Year Award” and the “Coordinator of the Year Award” for Susan Hogan, Supplier Diversity Manager for the Supply Chain Management Organization at PSEG.
“This year, IBM’s outstanding work with minority business owners has been recognized by both our Council and the National Minority Supplier Development Council. We were thrilled when our corporate member IBM won the prestigious “Corporation of the Year Award” at the national convention in 2004. IBM spent $913 million with Asian, Black, Hispanic and Native American suppliers across the country,” explained Lynda Ireland, President, New York & New Jersey Minority Supplier Development Council. “Public Service Enterprise Group, Inc. has been a valuable long time supporter of The Council’s minority business development. In fact, Susan Hogan serves on our board and has
been at the vanguard in assisting The Council in minority business development in New Jersey.”
The “Supplier of the Year Awards” awards were presented to four exceptional Council-certified minority businesses which spanned fields from IT to promotions to painting to personnel. They have achieved revenues ranging from under one million dollars to billions of dollars. The Class 1 Award was presented to Jerome Davidson, president of Promotions ‘R’ Us, an African American-owned company that is a full service supplier of promotional and advertising specialties—from plaques to pens to apparel. The Class 2 Award winner was Miquel and Monica Mancebo, the founders of Selective Staffing, highly successful Hispanic-owned human resource and executive search firm based in New York City. The Class 3 Award was presented to Tony Singh, the founder and president of Fine Painting and Decorating, Inc., who was born in East Asia and now heads one of the largest painting and specialty contracting firms in the United States. The Class 4 Award was presented to Thai Lee, CEO of Software House International (SHI) and also the first Korean-American woman to enter Harvard Business School. SHI, a global provider for Computer IT Products and Services, has been named by Business Week as one of the top 10 privately held Information Technology companies in America and has over $2 billion in net sales and transactions.
“In 2004, 53 percent of minority businesses certified by The Council had annual sales between $10 million and $99 million dollars. We also have 30 percent of minority businesses with annual sales under $100,000,” said Ireland. “The Council is there to assist minority businesses and corporations on finding mutually beneficial business collaborations through networking, education programs, and business development.”
Minority supplier demand is high. Currently, over 3 million minority businesses exist in the U.S., across all industries. Corporate America is increasingly embracing diversity and minority suppliers as part of their status quo in the workplace. Many companies have minority supplier programs to facilitate the hiring of minority suppliers as part of their corporate culture. In the last two years, The Council experienced a 27% increase in the certification of African American, Asian and Hispanic-owned businesses.
The Council certifies minority-owned businesses in order for the business owners to be eligible for corporate and government contracts. Certification encompasses a through financial and organization investigation the business.
ABOUT THE COUNCIL:
The New York & New Jersey Minority Supplier Development Council Inc. (http://www.nynjmsdc.org) identifies minority suppliers; certifies bona-fide minority business enterprises; and facilitates procurement opportunities between Corporate America and Council-certified minority suppliers. That supplier group includes Asian Indian-American, Asian Pacific-American, African-American, Hispanic- American and Native-American businesses located throughout downstate New York (Albany and below) and Northern and Central New Jersey including Trenton. The Council’s corporate membership consists of Fortune 500 corporations, government agencies and educational institutions.
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