by Jason Dittmer, Director of Marketing & Communications
| Aug 17, 2017
The Billion Dollar Roundtable
voted to expand their criteria of diverse businesses counted toward a corporation’s billion dollar supply chain spend on diverse-owned businesses to include: certified LGBT Business Enterprises
(LGBTBEs), Disability-Owned Business Enterprises, Service-Disabled Veteran Disability-Owned Business Enterprises, and Veteran-Disability Owned Business Enterprises.
“The inclusion of LGBT, disability, and veteran-owned businesses into the Billion Dollar Roundtable reflects the national best practice in supplier diversity of including all communities at the table of opportunity,” said NGLCC
Co-Founder & President Justin Nelson. “In the United States, LGBT-owned businesses are creating tens of thousands of jobs and adding over $1.7 trillion to the economy, much of that due to inclusion in corporate supply chains. We’re proud to see our businesses included in the criteria that rewards corporate excellence in creating new opportunities for diverse-owned businesses to thrive."
To date, the Billion Dollar Roundtable reports at least $72 billion in spend with diverse-owned businesses. That number is expected to continue climbing as corporations are encouraged and incentivized to work with LGBT, disability, and veteran owned firms.
The Billion Dollar Roundtable was created in 2001 to recognize and celebrate corporations that achieved spending of at least $1 billion with diverse suppliers. The BDR promotes and shares best practices in supply chain diversity excellence through the production of white papers, thought leadership, and annual meetings. The group encourages corporate entities to continue growing their supplier diversity programs by increasing commitment and spending levels each year.
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