Corporate Member Benefits
The Chicago Minority Supplier Development Council, Inc. (ChicagoMSDC) is a private, non-profit purchasing association, supported by membership contributions from major corporations and minority suppliers. The mission of ChicagoMSDC is to be the premier organization for increasing value-added business opportunities between major buying organizations and minority-owned businesses.
ChicagoMSDC has a national reputation for its activities to develop partnerships between minority firms and major buying organizations. Corporate Members benefit by expanding their link to the rapidly growing minority marketplace and by gaining greater access to qualified suppliers to source, which increases competition, reducing cost and improving quality. This fosters a transactional relationship with key demographics which can lead to a stronger local economy.
Benefits of becoming a Corporate Member include:
- Access to a larger pool of qualified suppliers
- Resources to help you achieve a supplier base that more closely reflects your customer demographics
- Increased opportunity for greater savings and higher quality goods and services due to increased competition
- Increased ROI from minority business and corporate economic development efforts in the area where you do business
- Opportunity to enhance your ethnic market sales initiatives
- Assistance in developing or improving your company's supplier diversity programs
- Added recognition by stakeholders and the local community of your strong corporate citizenship
- Meeting the demands of your customers, and/or government compliance requirements
- Resources to make doing business with MBEs easy and simple
- Corporate Supply Chain Integration Program
- Corporate Supplier Enhancement Program
The ChicagoMSDC is a vehicle that can assist corporations in developing, marketing and enhancing their minority business development program in a productive and efficient manner. Corporate Members are invited to leverage resources provided by the Council to facilitate and improve corporate supplier diversity commitments. These resources include:
- COMPUTERIZED VENDOR REFERRAL SYSTEM - a computerized database of over 1,100 certified minority firms in over 300 commodity and service areas.
- CORPORATE MINORITY BUSINESS PROGRAM SUPPORT - provides assistance in establishing and expanding minority business procurement programs through peer group meetings, seminars, publications and audio/visual materials.
- PURCHASING SEMINARS - to inform corporate buyers of issues and legislation impacting minority business development.
- CERTIFICATION OF MINORITY FIRMS - a nationally-acclaimed ownership verification program to ensure that corporations have a credible source for minority suppliers, consultants and contractors. Minority certification support.
- CHICAGO BUSINESS OPPORTUNITY FAIR (CBOF) - the oldest and largest minority business procurement fair in the nation - assists major corporate buyers in identifying qualified sources of goods and services. Chicago MSDC hosts CBOF annually in the Spring!
- THE BUSINESS CONSORTIUM FUND - provides working capital to minority business members through certified bank lenders.
- CHICAGO'S MINORITY BUSINESS REPORT - an issue-oriented newspaper that highlights minority business success stories and serves as an advocate for minority business issues.
- CORPORATE BRIDGES - an educational series that enhances the portfolio of business development skills for minority businesses, including sales and marketing.
- SCHOLARSHIP GOLF CLASSIC - an annual tournament designed to provide MBEs scholarships to the Kellogg Executive Management Program, the Dartmouth's Tuck Business School and to Chicagoland high school graduates aspiring to develop careers as entrepreneurs.
- PROCUREMENT BREAKFAST & LUNCHEONS - monthly business meetings designed to provide minority business owners an opportunity to learn best practices and "how-to-do-business" with a targeted major buying organization.
- MBDA BUSINESS CENTERS - CHICAGO - provides strategic consulting, procurement assistance, and financial services to minority-owned businesses. The MBDA Business Center seeks to develop alliances with local, state, and federal government agencies, major corporations, banks, financial resources, and the minority business community to create larger, and more strategic minority entrepreneurs.