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A BBE certificate and scorecard will be piloted in historically black cities, and in cities with black mayors, then nationally, to address this reality:
- Less than 1% of the country’s 3.2 million blackProprietary businesses are classified as minority-owned.
- The wide wealth gap between black And white communities haven’t changed since 1968
- In total, more than 1,100 have pledged. 200 billion dollars to the black In the year Equity in 2020 is largely unfulfilled.
Orlando, Fla., January 27, 2023 /PRNewswire/ – The National Alliance of Black Business (NABB) formed by the National Business League (NBL) and the National Black Chamber of Commerce (NBCC) in partnership with the World Conference of Mayors (WCM) and the historic Black Cities and Settlements Alliance (HBTSA). Black Business Enterprise (BBA) Certification and Scorecard Program Announced Today WCM Black Business Breakfast and Press Conference presented by Comerica Bank.
The BBE certification and scorecard program designed and trademarked by NBL provides certification to at least 51% of businesses. blackOwned to qualify for major public, private and philanthropic contracting and procurement opportunities.
BBE certification was created today, 59 years after the Civil Rights Act of 1964. 1% Of the 3.2 million black-owned businesses in the country, America’s minority businesses are certified According to the 2021 report published by the National Minority Supplier Development Council (NMSDC). From 3.2 million black-Ownership of companies, only 5,881 black Businesses have MBE certification.
Non-certified minority-owned companies are ineligible for US government procurement equity programs, further restricting 100 billion dollars According to information released by the White House, a minority of US government contracts. Also, since the passage of the Civil Rights Act of 1968, fewer than 1% of black-owned businesses in the U.S. have been certified by federal, public, private, or minority certification programs.
BBE certification is linked to the BBE Scorecard, an excellent digital accountability tool that helps organizations measure, publish, and improve engagement and rationing. black Business, led by the national black Business organizations. The scorecard holds all sectors and industries accountable, including 1,100 of America’s private corporations. It promises the estimated total. 200 billion dollars to the black Later equity efforts George Floyd In the year As of 2020, those promises are still largely unfulfilled.According to a 2020 McKinsey & Company report.
“They are designed to provide BBE certification and scorecard. blackAfter decades of economic equity programs, solutions led to failure black People,” said Dr. Ken L. Harris, President and CEO of NBL and co-founder of NABB. ” of black The community can no longer depend on the non-dependentblackDirected certificate programs and nonblack– Led business organizations, for the most part, could not bring the necessary results to change the economic conditions black People in America.”Booker T. Washington It was right at the beginning of the 20th century. The time is now. black For communities to take ownership of their economic destiny, we need ROI, compound return.
Although the American Civil Rights Act was a response black The data shows that it is a public uprising black People do not benefit economically from these initiatives like other disadvantaged groups. Federal Reserve data shows The difference in wealth between black And white communities have not changed materially since the years after the US Civil War And it hasn’t changed since 1968 when the Civil Rights Act of 1964 was passed.
In 2021, White Americans had seven times the wealth of black Americans, the largest wealth gap of any other minority group in the USAccording to the Economic Policy Institute.
BBE certification solves the obstacles to obtaining a special certification black Business community and participation blackEstablished owned businesses black Trade channels that fail to produce broad diversity and minority certifications.
“The illusion of inclusion is no longer an acceptable business model. Today, we offer a powerful tool to clear the smoke and mirrors from a minority of business data and continue with our own results. black Economic growth.” Charles H. DeBow, III, President and CEO of NBCC and Co-Founder of NABB. “NABB will be the organization of the future that delivers measurable results. black When society reduces the approach to addressing diversity depletion and neglect black Economic injustice. to live black Only we can define what experience, equal market access and accountability look like to us.
NBB introduces the pilot BBE certificate and score card program for many in history black including municipalities Grambling, Louisiana; Mound Bayou, Mississippi; Eatonville, Florida; Hobson City, Alabama; And Tuskegee, AlabamaAnd with other cities black Mayors, before the initiative is launched nationwide.
“BBE certification and scorecard are perfect examples. black Self-determination – to measure and confirm your own progress is a very powerful thing, he said Johnny FordPresident and Founder of WCM and HBTSA And the first black Mayor of Tuskegee, Alabama.”
About the National Alliance on Black Business (NABB)
established September 27, 2022NABB represents a historic partnership between the National Business League (NBL), the National Black Chamber of Commerce (NBCC) and black– Leading national organizations for the development of the economy black Businesses, communities and people. Visit www.nationalallianceforblackbusiness.com
About the National Business League (NBL)
NBL is a non-profit, non-partisan, independent business organization founded by Dr. Booker T. Washington on August 23, 1900in Boston. It is the first and oldest trade association in the country. black Business in the country, created 12 years ago by the American Chamber of Commerce. Visit www.nationalbusinessleague.org
About the National Black Business Council (NBCC)
NBCC is a non-profit, non-partisan organization dedicated to the economic empowerment of African American communities. It was founded by Harry Alford And Kay Debow Alford on May 23, 1993in Washington DCNBCC is the largest federation. black It is committed to economically empowering African American communities around the world and supporting entrepreneurship and entrepreneurship in the U.S. Visit www.nationalblackcc.org
About Mayors of the World, Inc. (WCM)
WCM was founded and organized in April 1984 By the honorable Johnny Ford Tuskegee, Alabama. WCM is a non-profit international conference of mayors, former mayors and other elected and appointed local public officials in the US and abroad. Visit www.worldconferenceofmayors.org
About the Historic Black Towns and Settlements Alliance (HBTSA)
HBTSA represents more than 1,200 historic sites that were settled by African Americans in the early days of the United States black Between the late 18th and early 20th centuries, neighborhoods, counties, and cities were established to demonstrate black autonomy and independent enterprise, prompting a response from the American government. Visit https://hbtsa.org/
Media Contact: June Eng, [email protected](313) 600-3344 (local)
Media Contact: Minnehaha Foreman, [email protected](510) 220-0759 (national)
when where January 27, 2023as if 8 p.m. EDT; DoubleTree Hilton Hotel, Orlando, Fla.
Source National Business League
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