Cincinnati holds the key to equity as the pandemic reveals stark racial economic disparity
Incentivizing big business to hire minority-owned companies as vendors may narrow the gap.
A recent analysis of the U.S. Census Bureau’s 2018 Annual Business Survey showed there are 124,000 Black-owned employer firms in the U.S., representing only 2.2 percent of all businesses even though 14% of the population is African American.
However, major organizations across the country are stepping up to help out and are looking to Cincinnati for solutions. Procter & Gamble has been committed to supplier diversity since the 1970s and, as a result, we’re ahead of the game when it comes to supporting minority businesses.
Plus, our Minority Business Accelerator maintains a list of Goal Setter Companies that collectively commit to expectations that diversify the supplier pipeline, fuel innovation, and improve the local community and economy.
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