USHCC Congratulates IBM for Winning NMSDC's 2013 Corporation of the Year Award
WASHINGTON, Nov. 1, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic
Chamber of Commerce (USHCC) congratulates IBM, a global technology
manufacturer and consulting corporation, for receiving the National Minority
Supplier Development Council (NMSDC) 2013 Corporation of the Year Award. IBM
is a longstanding partner of the USHCC, and was recognized at the 2013 USHCC
National Convention's Million Dollar Clubfor investing over $100 millionwith
HispanicBusiness Enterprises (HBEs).
"For decades, IBM has distinguished itself asa truechampion of supplier
diversity.This company recognizes that working with minority-owned firms is
critical to their future commercial success, and quite frankly, a smart
business practice that adapts to the economy of the new America," said USHCC
President & CEO Javier Palomarez. "The USHCC is proud ofIBM's continued
accomplishments in the arena of diversity and inclusion, and wecommendthe
NMSDC for honoring this world-renownedbrand fortheir dedicated work in
fostering the growth of American's diversebusiness communities."
IBM is a founding member of the Billion Dollar Roundtable (BDR), an
international coalition of 18 companies that individually invest more than $1
billion with minority-owned suppliers each year. In 2011, IBM celebrated 40
years of supplier diversity, and continues to expand its alliances with
IBM's continued success proves that supplier diversity can lead to profitable
returns. According to a study conducted by the Hackett Group, an
internationally based business consulting firm, companies with diverse supply
chains see a 133% greater return on investments, when compared to their
counterparts. The same report also discovered that companies working with
minority-owned businesses spend 20% less on their operations, and have
procurement teams half the size of their competitors.
"The NMSDC honored an exemplary company with its most auspicious annual award.
For years, the USHCC and IBM have worked together to expand opportunities for
Hispanic owned businesses," said USHCC Chairman Marc Rodriguez. "We look
forward to our continued partnership with IBM, as we explore new opportunities
and celebrate shared victories."
About the USHCC
Founded in 1979, the USHCC actively promotes the economic growth and
development of entrepreneurs and represents the interests of over 3.1 million
Hispanic owned businesses nationwide that contribute in excess of $468 billion
to the American economy each year. It also serves as the umbrella organization
for more than 200 local chambers and business associations in the United
States and Puerto Rico. For more information, visitwww.USHCC.com
CONTACT: Valentina Pereda
USHCC Director of Communications
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