Great to?support our client,?CDW?last week?@City & State?Diversity Summit in NYC! CDW's Manager, Business Diversity - East,??Adam Akmal-Gonzalez?participated in an insightful panel discussion on MWBE programs in NY.?Thank you CDW and?Kristin Malek?for your advocacy here! #womenowned?#MWBE
TEDx Speaker |Strategic Partnerships| Recognized by Gartner| NYC Responsible 100 Honoree | Named one of the Most Influential Leaders on LinkedIn | Keynote Speaker | Collegiate Guest Lecturer HS credit: byjaredwolfe.com
Driving Economic Equity: Insights from the City & State 2024 Diversity NY Summit I recently had the privilege of attending a thought-provoking event hosted by City & State & State New York where the conversation centered around the crucial role of investing in minority+ women-owned businesses (MWBEs) to create a more equitable economy. My colleagues, Adam Akmal-Gonzalez +Keith Sanders participated as panelists at the event, discussing how to build better MWBE+ DEI programs in New York. Their respective groups also discussed the systemic barriers MWBEs face, including limited access to loans and bonding, and proposed strategies to enhance MWBE programs and foster inclusive economic growth. Certifying as a MWBE alone is complex and takes time-something that business owners don’t have a lot of! In fact, I was surprised to hear that despite having the highest MWBE utilization rate in the country, New York’s state program faces a significant backlog of over 3,700 businesses awaiting certification, hindering its mission. We also learned that private sector support is vital for MWBE’s success. Adam underscored the critical role of mentorship and access to capital for MWBEs. CDW offers value-added services and volume purchasing power to support MWBEs competing effectively in the market. He emphasized the need for more formal mentorship programs in the private sector to bridge the gap. We’re happy to say we led a successful Mentorship Protégé Program with CUNY in 2022 and the New York Power Authority last year. This year, we have begun an extension of that same program with MD Anderson that will continue to build upon our strong relationships with our clients and the diverse suppliers we can connect them with to collaborate on meaningful work. Two additional highlights for me included: ? Partnering with prime contractors can significantly expand MWBE’s access to capital and capabilities. A tiered partnership model enables small businesses to scale and grow sustainably. Recognizing and addressing disparities in contract awards to MWBE firms is crucial for fostering equity. ? A collective effort, or "village," is always essential to support small businesses, especially those in low-to-moderate-income communities. Initiatives like the New York City contract financing program can provide much-needed assistance. Senator James Sanders stressed the importance of community economic development in driving change. The key message from the event was clear: investing in MWBEs is not just a matter of social justice, but a crucial driver of economic growth and resilience. We can foster a more inclusive and equitable business ecosystem in New York City, New York State, and beyond by dismantling systemic barriers and providing access to capital, mentorship, and opportunities. As a fellow advocate for diversity and inclusion, your thoughts and experiences on this matter are invaluable. Let's continue the dialogue and actively support MWBEs in our communities.
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