Vinnie Johnson testifies in Piston minority certification case crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.
Michigan s Storehouse in a Box CEO Tamira Chapman Takes Top Honors at Ernst & Young s Entrepreneur Of The Year® itnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itnewsonline.com Daily Mail and Mail on Sunday newspapers.
Posted at 10:14 AM, May 06, 2021
and last updated 2021-05-06 10:16:05-04
It will take 333 years for minority-owned businesses to achieve revenue equity with white-owned businesses in the United States, the Michigan Minority Supplier Development Council said.
President and CEO Michelle Sourie Robinson said increasing supplier diversity remains a significant challenge, and achieving parity would bring a significant boost to the overall economy.
Robinson said Black-owned and white-owned businesses would add $290 billion in overall wealth.
New MMSDC research shows increased corporate commitment to minority businesses could close the gap in 15 years.
She said a key solution to shortening the timeline is a deliberate and intentional focus on minority firms access to and spending from corporations.