The New York & New Jersey Minority Supplier Development Council Signs Minority Business Agreement with the State of New Jersey

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The Council is Ranked #1 Minority Supplier Development Council in the US. The Memo of Understanding with the State of New Jersey was signed in June during The Council's Business Opportunity Expo 2009 held at the New York Marriott Marquis. This agreement permits minority businesses certified by The Council to bid on New Jersey state contracts.

The New York & New Jersey Minority Supplier Development Council has signed a Memo of Understanding with the State of New Jersey that permits minority businesses certified by The Council to bid on state contracts.

The MOU with the State of New Jersey also includes minority businesses certified by the Pennsylvania-New Jersey-Delaware Minority Supplier Development Council. The New York & New Jersey Minority Supplier Development Council, which initiated the MOU, has signed similar agreements with New York State and New York City.

New Jersey State Treasurer David Rousseau officially signed the agreement in June during the New York & New Jersey Minority Supplier Development Council's Business Opportunity Expo 2009 in New York City.

"This MOU advances the joint goal of the State and the Council, which is to support and help minority-owned business enterprises compete for procurement opportunities. More specifically, the agreement allows council-certified minority-owned businesses who are not yet registered with the State to obtain State certification through an expedited and streamlined process," said Treasurer Rousseau. "Governor Jon Corzine has made the economic success of small, minority and women-owned businesses a top priority of his administration, and the agreement signed today creates more opportunities for businesses to succeed."

"This is an important agreement. The Council's New Jersey minority businesses reflect the diverse, multicultural population of the state. This is a win-win situation for New Jersey and minority businesses. New Jersey receives a pool of accomplished businesses and minority businesses gain growth opportunities," said Lynda Ireland, president and CEO of the New York & New Jersey Minority Supplier Development Council. "It's imperative that small businesses are given the opportunity to grow. Minority businesses positively enhance their communities, which in turn, helps the nation."

In addition to Ireland and Rousseau, officials featured in signing the MOU at The Council's Business Opportunity Expo included: Darlene Jenkins, President & CEO, PA-NJ-Delaware Minority Supplier Development Council; Hilton O. Smith, Chairperson, NY & NJ Minority Supplier Development Council, Senior Vice President, Turner Construction Corporation; Susan Hogan, Vice Chairperson, NY & NJ Minority Supplier Development Council, Supplier Diversity Manager, Public Service Enterprise Group (PSEG); Elizabeth S. Lindsey, Associate Assistant Treasurer for Economic Development, NJ Depart of the Treasury; Francis Blanco, Director of the Division of Minority and Women Business Development, NJ; and Nina Moseley, Senior Director, NJ Division of Women/Small/ Minority Business

The Council's Business Opportunity Expo is considered New York City's top conference on outsourcing to minority businesses. There were over 600 attendees for the one day expo, "Staying in the Game: Winning in the New Economy." It was packed with a breakfast, luncheon, evening reception, a chief procurement officer workshop, seminars and the popular trade fair. Attendees networked with some of the nation's leading supplier diversity executives and minority business owners.

"This year, The Council has witnessed some of our major corporate members dissolving, merging and restructuring. Still, our corporate members have remained committed to supplier diversity," said Ireland. "Even in this challenging economy, several of our minority business owners have reported business expansions. This has led to job growth in communities."

Speakers included Harvard MBA Kwame Jackson, founder of the neckwear line Krimson by Kwame and star of "The Apprentice" and former NBA player Walter Bond, president of Walter Bond Worldwide and a national franchise owner, who discussed using sports techniques to achieve business success.

John E. Lane, executive vice president, general services and corporate real estate sector, The Bank of New York Mellon, was the corporate co-chair. This year marks The Bank of New York Mellon's 225th anniversary. The MBE co-chair was Karen J. Martinez, founder and president of New Jersey-based Bravo! Building Services, Inc., one of the largest Hispanic and women-owned businesses in the nation. The luncheon host was DeMarco Morgan, WNBC-TV anchor-reporter. Sponsors included: The Bank of New York Mellon, Bravo! Building Services, Con Edison, MasterCard Worldwide, PepsiCo, and PSEG.

In 2008, The Council earned the prestigious "Council of the Year Award" from the National Minority Supplier Development Council over 38 regional councils nationwide, making it the leading supplier diversity council in the nation. The Council has over 200 corporate members, including Fortune 500 corporations, government agencies and educational institutions. Currently, 1,300 New York and New Jersey African-American, Asian-American, Hispanic-American and Native-American businesses with annual revenues from $100,000 to $3 billion are certified by The Council.

For more information contact 212-502-5663 or http://www.nynjmsdc.org.

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FERN GILLESPIE
NY & NJ Minority Supplier Development Council
917-334-9298
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