She said it's vital for the major company and MBE to be well matched. It's essential to match qualified, certified and MBEs with the right businesses. It's a business issue for both the large and small business. Banks is chair of the National Association of Purchasing Managers Minority Business Development Group, and co-chair of its Information Systems Technology Industry Group. Finding funding and capital is another critical stage in minority business development, and large companies should offer more assistance in arranging loans for developing firms, according to Marcial E. Robiou, president of the Business Consortium Fund.
Big companies have a major banking partner.
They should be willing to help a smaller supplier arrange some kind of loan or financing that is beneficial to both companies. It should use subtle persuasion with that banking partner. Without the major firm becoming involved, the smaller one may not be able to deliver a product on time. It has also helped create more than 600 jobs. Christina Foster, vice president of diversity for the NAPM, shared her expertise on marketing diversity.