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Partnership to create Connecticut jobs

Posted on October 9, 2015

A new partnership will ensure the growth of Connecticut jobs.

A new partnership between IBM and The Business Council of Fairfield County will help Connecticut small business owners to become suppliers to major corporations – a move that will benefit job growth in the state.

Using an online standardized profile, thousands of small businesses across the state can be identified by the purchasing agents of large corporations whose combined spending power exceeds $150 billion a year. The comprehensive small business profiles make it easier and more efficient for large organizations to purchase from small businesses.

Known as the Connecticut Supplier Connection, this new initiative is linked to the national Supplier Connection initiative – a multi-industry procurement platform built and managed by IBM. It is a free, business-to-business platform connecting dozens of large corporations with suppliers that have under $50 million in revenues and fewer than 500 employees.

The Connecticut Supply Chain Roundtable will guide the Supplier Connection initiative statewide. This leadership group will bring together buying members, universities, professional service leaders, supply chain and manufacturing agency leaders – all of whom are key stakeholders and state economic development executives. The newly created roundtable, being co-chaired by Pitney Bowes Inc., a national leader in diverse procurement, will serve to elevate the awareness of Connecticut as a supply chain leader, provide benchmarking tools, and offer match making sessions with suppliers and buyers.

“Small businesses are our economic engine in Connecticut – we are working to support them like never before. We have taken a comprehensive approach to boost efficiency, nurture innovation, and increase competitiveness with programs like Small Business Express,” Governor Malloy said. “This new partnership is another step in our efforts to help our state’s small and diverse businesses have national reach, so they achieve the exposure needed to keep their businesses growing. I would like to thank IBM for working with us and The Business Council of Fairfield County on this project.”