New York, New York, March 29, 2022 (GLOBE NEWSWIRE) — Massachusetts Mutual Life Insurance Company (MassMutual), a leading mutual life insurance company, and the National Minority Supplier Development Council (NMSDC), America’s most influential and successful minority business development organization, are partnering to certify Black financial professionals affiliated with MassMutual as Minority Business Enterprises (MBEs).
The NMSDC has had a tremendous impact on MBEs and has been at the forefront of creating economic opportunity for communities of color for 50 years. NMSDC Certified Minority-Owned Businesses Generate More $400 billion in annual economic output and created and maintained $2.2 million in jobsaccording to NMSDC records.
Recruiting and retaining MBEs in the professional services industry creates the pipeline for wealth creation by introducing non-traditional businesses into a national network of potential sourcing and partnering opportunities.
MassMutual has committed to providing grants covering the cost of certification up to $500 for more than 100 finance professionals affiliated with MassMutual.
“We are committed to not only growing our diverse population of vendors, but also investing in them, which is why we are excited to partner with NMSDC to provide certification for finance professionals affiliated with MassMutual,” said said April Cimorelli, Supplier Diversity Manager. MassMutual. “The NMSDC certification is the platinum standard for supplier diversity and offers significant benefits to those who meet its standards.”
Once certified, finance professionals affiliated with MassMutual will have access to:
Training programs for university partner executives
Emerging Young Entrepreneurs (EYE) Program
Networking events, workshops and seminars held at the NMSDC annual national conference and throughout the year
“As we celebrate our 50th anniversary, we have set our ambitious goal of reaching $1 trillion in annual revenue for NMSDC-certified MBEs.” said Ying McGuire, CEO and Chairman of NMSDC. “To achieve this goal, we need companies like MassMutual with their active participation in the NMSDC and innovative initiatives that will discover and use a new generation of MBEs. Together, we will continue to build generational wealth in communities of color along our journey to $1 trillion. »
The program is expected to launch in select markets from April 2022.
MassMutual is a leading mutual life insurance company that is managed for the benefit of its members and participating policyholders. Founded in 1851, the company has always been driven by one constant goal: we help people secure their future and protect those they love. With a focus on long-term value creation, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.
ABOUT THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL
Established in 1972, the National Minority Supplier Development Council (NMSDC) was formed in the wake of the civil rights movement in the late 1960s and continues to be the leading minority business development organization in the United States. The NMSDC supports the economic sustainability of over 14,000 Certified Minority Business Enterprises (MBEs) and advances minority business development by facilitating procurement opportunities between its Certified MBEs and its network of corporate members. The NMSDC network includes a national office in New York, 23 affiliated regional councils, five international partner organizations and the Business Consortium Fund (BCF) as its funding arm. For more information, please visit www.nmsdc.org.
CONTACT: Stefan Bradham National Minority Supplier Development Council, Inc. 929-246-3136 [email protected]