New England Minority Supplier Development supporting jobs in Connecticut
Posted on March 1, 2013
The New England Minority Supplier Development Council has moved back to Bridgeport, a move that will support jobs in Connecticut.
The organization’s goals is to increase procurement opportunities between corporate members and certified minority-owned businesses.
The new office will be located at 333 State Street in downtown Bridgeport.
The GNEMSDC was originally established in Bridgeport in 1976 and has grown into the largest organization of its kind, helping to facilitate more than $4 billion in contracts between its corporate members and minority-owned businesses in the region.
The GNEMSDC also maintains a Boston office from which it serves members in the Commonwealth of Massachusetts and the rest of New England.
GNEMSDC certified MBE’s accounted for over 13 billion in sales revenue and employed more than 60,000 employees in 2011. Of the 60,000 employed, 31,000 were minority employees. It is also estimated that for every $96 invested, the Business Center helped generate $1 million in new contracts for MBE clients.
“We are excited about our move back to Bridgeport, as it provides us a perfect opportunity to better serve the rapidly growing minority business sector as well as those companies who make it a business imperative to hire certified MBEs,” said Dr. Fred McKinney, President of the GNEMSDC. “In addition, we are growing and this location better accommodates that growth while continuing to seamlessly serve our existing corporate and MBE members across the region.”
“Thirty percent of the state’s population is now an ethnic or racial minority, and the dramatic demographic shift continues to trend into the future. The GNEMSDC is poised to grow as minority-business growth continues to surpass the general market and corporations understand the economic value of strengthening their relationship with MBEs through procurement opportunities,” Dr. McKinney added.