Awards & Recognitions
OCT 22-25, 2023 BALTIMORE
The following awards and recognitions will be given out at the 2023 NMSDC Annual Conference & Exchange:
National Supplier of the Year
The National Supplier of the Year Award recognizes Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American minority business enterprises (MBEs) for their business growth and development, operational success, support of other minority businesses, and active participation in the community. The honorees are divided into four categories, based on annual sales:
- Firms with less than $1 million in sales
- Firms with $1 million to $10 million in sales
- Firms with $10 million to $50 million in sales
- Firms with more than $50 million in sales
No application is necessary. One Regional Supplier of the Year winner from each sales band is named National Supplier of the Year. Please consult your regional council for application procedures for Regional Supplier of the Year.
National Corporation of the Year
The National Corporation of the Year Award recognizes an NMSDC national corporate member for their MBE inclusion and development, supplier diversity program success, support of tier II minority businesses, and active participation in the community. The honorees are divided into five categories based on annual sales:
- Corporations with less than $10 billion in sales.
- Corporations with $10 billion to less than $50 billion in sales.
- Corporations with $50 billion to less than $100 billion in sales.
- Corporations with $100 billion to less than $150 billion in sales.
- Corporations with $150 billion in sales or more.
One Regional Corporation of the Year winner from each sales band is named National Corporation of the Year. Please consult your regional council for application procedures for Regional Corporation of the Year.
The Forefront 25: Top Corporations for Minority Business
All nominees for National Corporation of the Year are considered NMSDC's 2023 Forefront 25: Top Corporations for Minority Business. These are corporate members who are leveling the playing field and ensuring access and equity for systematically excluded communities of color. One corporation from each of the five sales categories will win the esteemed Corporation of the Year award.
National MED Week Awards
The MED Week Awards are the Federal Government’s annual opportunity to recognize the outstanding achievements of minority business owners and entrepreneurs, as well as individuals and organizations dedicated to advancing minority business enterprises. These awards are presented during MED Week—the Federal Government’s annual celebration of the minority business community—which is hosted by the U.S. Department of Commerce Minority Business Development Agency (MBDA).
Emerging Young Entrepreneurs Pitch Competition
The Emerging Young Entrepreneurs (EYE) program is a year-long program uniquely designed to provide the next generation of minority entrepreneur participants ages 19-35 with support to enhance their growing business. Business owners receive guidance from corporate sponsors, MBEs, and additional stakeholders. The program utilizes an interactive pre and post-conference curriculum along with five days of hands-on training and practical application. Participants are provided the skills, tools, and strategies to start or grow their innovative businesses.
As part of the program, participants hone their pitch to investors for a chance to showcase their company at the NMSDC Annual Conference & Exchange. Five finalists will enter the EYE Pitch Competition for a chance to win a grant to support expanding their business.
Minority Business Development Leader of the Year
The Minority Business Development Leader of the Year disrupts the status quo, advocates for minority businesses and minority suppliers, connects suppliers with different levels at their organization, goes above and beyond the line of duty to provide support for minority businesses, and supports other initiatives in minority business development.
Distinguished Service Award
The Distinguished Service Award recognizes the contributions of individuals who have dedicated their lives to advancing supplier and business diversity. Recipients of this award may come from the private, public, or nonprofit sectors. The award seeks to elevate the contributions of individuals who have made lasting contributions towards achieving NMSDC’s vision of greater socioeconomic equity and generational wealth for the communities of color we serve.
Council of the Year
The Council of the Year recognizes an exemplary regional affiliate demonstrating the programs, activities, and accomplishments which establishes it as a model of organization, operation, and success. The regional affiliate is reviewed for image, accomplishments, activities, and leadership over the previous calendar year.
As a sponsor of the Minority Business Economic Forum, you stand at the flashpoint of an economic equity revolution. One fueled not just by public statements of support, but by an exponential acceleration toward $1 trillion in revenue, wealth, and opportunity. Toward a prosperity that is generative and transformative — for the certified minority businesses and communities gaining contracts, employment, and economic resilience, and for a world that is made far better by their contributions to it.
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