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The Opportunity
IMB seeks to bridge the MWBE spending gap between the capabilities of Minority- and Women-Owned Business Entities (MWBEs) and the needs of large corporations and government entities seeking large-scale MWBE suppliers.
LCGE Customers:
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U.S. demographics driving change:
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Explosive growth and influence of minority populations
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Women and minorities control 75% of U.S. consumer spending
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350 of the Fortune 500 have dedicated supplier diversity programs and 38 states have MWBE laws
MWBE Suppliers:
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Typically too small and lack the necessary resources to serve the needs of Large Corporations and Government Entities (LCGEs)
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MWBEs account for <6% of total LCGE procurement spend
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Fewer than 2% of MWBE suppliers have revenue greater than $1 million
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