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National Minority Supplier Development Council

Economic Development and Supplier Diversity ~720 employees
Founded
--
Employees (Est.)
~720
36 leaders known
Total Funding
$1.8M
Funding Rounds
3
Last Funding
2024-02-29

About National Minority Supplier Development Council

The National Minority Supplier Development Council (NMSDC) serves as a growth engine for minority business enterprises (MBEs) by advocating for equitable access to business opportunities, providing certification, facilitating connections with corporate members, and offering development programs. NMSDC aims to ensure upward mobility for the emerging majority of Americans through participation in free-market capitalism and entrepreneurship, striving for economic equity.

Products & Services

MBE Certification:A certification process for minority-owned businesses to establish trust and engagement with NMSDC corporate members, including benefits, definitions, and reimbursement initiatives.
High Growth MBE Programs:Specialized programs like Corporate Plus, Growth Initiative, Investment Fund Certification, and Global Link to support high-growth minority businesses.
Connect Services:Networking platforms and directories (e.g., MBE Search, Corporate Plus Member Directory) to connect MBEs with corporate buyers for contracts and opportunities.
Educational and Development Programs:Programs focused on marketing, sales, operational excellence (e.g., Acres, CyberPro Training), executive leadership (e.g., Emerging Young Entrepreneurs), and access to capital and contracts (e.g., MBE Center for Growth, Cécred x BeyGOOD Fund).
Events and Conferences:Signature events like the Annual Conference & Exchange, Minority Business Economic Forum, and Business Diversity Leadership Summit to foster connections and growth.

Specialties

Minority Business Enterprise (MBE) Certification Supplier Diversity Economic Equity Advocacy Business Networking and Matchmaking Access to Capital and Contracts Educational and Training Programs for MBEs

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Grant
T: -
FT: Grant
A: 1100000
MR: -
FA: $1.1 million
FAN: 1100000
D: 2024-02-29
FD: 2024-02-29
1 investors
2 RT: Grant
T: -
FT: Grant
A: 500000
MR: -
FA: $500,000
FAN: 500000
D: 2023-05-10
FD: 2023-05-10
1 investors
3 RT: Grant
T: -
FT: Grant
A: 220000
MR: -
FA: $220,000
FAN: 220000
D: 2023-04-27
FD: 2023-04-27
1 investors
Grant Latest
2024-02-29
$1.1M
1 investor (Pro only)
Grant 2023-05-10
$500K
Grant 2023-04-27
$220K

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

D

Donald R. Cravins, Jr.

Interim President and CEO

L

Lisa Morris

Vice President of Integrated Marketing, Policy, and Strategic Engagement

K

Kimberlee Sauceda

Executive Assistant

A

Alberto (Al) Betancourt

Consultant, Director of Communications

J

Jordan Taylor

Marketing Manager

J

Jalia Kombe-Kajue

Marketing Coordinator

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Recent News

National Minority Supplier Development Council Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

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Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Website
nmsdc.org
Industries
Economic Development and Supplier Diversity
Company Size
~720 employees (est.)

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