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Thursday, 17 June 2021 22:37

Stellantis, National Business League Partner to Build U.S.’s First Black Supplier Development Program

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Stellantis and the National Business League (NBL) have formed a national partnership to develop Black suppliers for future contracting and procurement opportunities in the pursuit of greater racial equity in the marketplace.

The Stellantis-NBL National Black Supplier Development Program will support the development of more than 2.9 million Black businesses around the country and internationally for future opportunities within the federal government and public and private sectors.

 

Stellantis over the next three years will anchor the development of a virtual training and development portal at the heart of the program, then open the online portal to its suppliers, followed by all OEMs, the federal government and other public and private companies throughout various industries and sectors domestic and abroad.

 

The portal will enable the program to qualify, train and develop Black businesses for future contracting opportunities. Its resource marketplace will also provide access to capital, mentorship and executive coaching, supplier training and development, bid posting, matchmaking, supply chain solutions, talent placement and acquisition and more.

 

"As a key part of our corporate diversity, inclusion and engagement strategy, Stellantis is excited to partner with the National Business League to ensure that all Black business enterprises and suppliers have an equitable and inclusive stake in the global marketplace," said Mark Stewart, COO, Stellantis—North America. "Post-pandemic and in response to rising demands for social and economic justice for all people, finding equitable and impactful ways to engage and empower Black businesses is critical to the sustainable development of Black entrepreneurs and communities."

 

About 95% of Black-owned businesses today are mainly comprised of solopreneurs---home-based, one-employee enterprises---or are considered micro-businesses. Of these, fewer than 3% are minority or agency certified, and most do not have the capacity, scope and scale to...


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