Supplier Diversity: A Mechanism for Supporting Minority Entrepreneurship

Fred McKinney
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Fred McKinney: Quinnipiac University

A chapter in The Palgrave Handbook of Minority Entrepreneurship, 2021, pp 465-484 from Springer

Abstract: Abstract The Supplier Diversity (SD) movement developed as an outgrowth of the modern Civil Rights Movement that began in the late 1950s. American corporations had traditionally bought very little from minority firms prior to the late 1960s when the United States federal government began a series of programmes designed to assist and develop minority businesses. The early days of SD were characterized by compliance with the laws requiring government agencies and large federal contractors to utilize minority firms. By the late 1980s, the private sector-led initiatives to establish private certification agencies that performed this critical task, while also working to develop minority business enterprises. Today, the movement has grown to thousands of for-profit and not-for-profit buying organisations, contracting with thousands of diverse businesses across all industries.

Date: 2021
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DOI: 10.1007/978-3-030-66603-3_21

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