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Illustration by Ricardo Santos
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Large companies are striving to increase their purchases from small, various-owned businesses (SDBs) — these that are 51% or more owned and operated by an individual or community that is part of a historically underrepresented or underserved community (e.g., ladies folks, racial minorities, veterans, LGBTQIA+, and of us with disabilities). Despite their pledges, they are struggling to meet their goals. The practices of 4 federal agencies can abet them make their programs more effective.
Since George Floyd’s assassinate in 2020 and the nationwide protests in the United States to address racial injustice that it sparked, large companies in the United States have been increasingly taking a scrutinize to vendor diversity programs as a means to advance racial equity.
