SUPPLIER DIVERSITY
Leading Women’s Research Organization
Commends Wal-Mart for Increasing
Contracts with Women and Minorities
T
he Center for Women’s Business employ 1.7 million people and gener- Diversity at Wal-Mart Stores, Inc.
Research is thrilled to acknowl- ate $235 billion in annual revenues. “Working with these businesses helps
edge and congratulate Wal-Mart They are starting businesses at a faster further our company’s efforts to posi-
for their increased businesses spend rate than all businesses but their firms tively impact local communities,
with women- and minority-owned are not achieving the same level of suc- through continued economic develop-
businesses in 2008. Wal-Mart reported cess when measured by revenue and ment, while serving the needs of our
direct and second-tier spend with these employment,” said Sheila Brooks, customers.”
diverse groups increased by $2 billion founder and CEO of SRB Communica- “We continue to disseminate
over 2007 – an increase of more than 25 tions and National Spokesperson for research findings in ways that directly
percent. the Accelerating initiative. “These busi- impact both the woman business
Wal-Mart and Sam’s Club have been nesses have great untapped potential owner and the corporate executive,
leading sponsors of Accelerating the for economic and social impact that challenging them to put into place the
Growth of Businesses Owned by Women of will only be realized by clearly recog- strategies and actions that are success-
Color, a multi-year research initiative nizing their challenges and developing ful in overcoming barriers to growth,”
developed and implemented by the targeted programs and policies to said Beverly Holmes, CEO of BA
Center for Women’s Business Research remove those barriers.” Holmes & Associates and Chair of the
and Center for Women’s Leadership at “At Wal-Mart, we welcome the pos- Center for Women’s Business Research.
Babson College. This research has been itive impact the Center for Women’s “We have two webinars scheduled,
pivotal in recognizing the unique barri- Business Research and other organiza- forums in Dallas and Chicago this fall,
ers women business owners of color tions have on the continued growth of and we anticipate continuing the
face as they grow their firms. minority- and women-owned busi- research next year with a targeted
“There are 2.3 million businesses nesses across the country,” said There- focus on unique barriers faced by Lati-
owned by women of color which sa Barrera, vice president of Supplier na business owners.” PWM
About Center for Women’s
Business Research
The Center for Women’s Business
Research provides data-driven knowl-
edge that advances the economic,
social and political impact of women
business owners and their enterprises.
We do this by setting the national agen-
da; creating insight on the status and
achievements of women business own-
ers; altering perceptions about the eco-
nomic viability and progress of
women-owned enterprises; and driv-
ing awareness of the economic and
social impact of this vital business sec-
tor. Find out more online at
www.womensbusinessresearch.org.
14 PROFESSIONAL WOMAN’S MULTICULTURAL MAGAZINE
www.professionalwomanmag.com
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