The National Minority Supplier Development Council (NMSDC) has more than 700 national corporate members that represent some of America’s largest public and privately-owned global companies. In addition, NMSDC has over 1,000 local corporate members of NMSDC’s regional affiliates which include hospitals, universities, and other regional buying institutions.
Become a Corporate Member
Membership Dues Purpose
Funding for Mission Critical Work
At NMSDC’s founding, the Minority Business Development Agency (MBDA) provided a grant to fund the mission critical work we were established to do. When this grant stopped, NMSDC had no way to continue to fund the NMSDC Network, so we looked to create a membership structure and implemented a dues distribution model that ensured the NMSDC Network could continue to provide services to the corporations in market. Those services range from getting MBEs ready to do business with corporations, recruiting MBEs to meet expressed corporate needs, supporting corporations in their supplier diversity journey, and advocating for minority business inclusion across the nation, both federally and locally.
Your Membership Dues at Work
Your membership dues provide critical funding to:
- The NMSDC national office:
- General administration and staffing.
- Technology enhances, like the NMSDC Hub, matchmakers, etc.
- National MBE programming.
- Advocacy for minority business inclusion and economic parity at the federal level.
- Annual Business Diversity Leadership Summit (BDLS)
- The NMSDC Network through monthly revenue distribution to regional affiliates for MBE regional programming, technical assistance, and events, as well as support for national corporate members looking to source locally.
Membership Eligibility
An NMSDC corporate member is defined as a public, private or foreign-owned corporation, university, hospital, government agency, or other large buying institution. Corporate members need to be committed to business diversity and the inclusion of NMSDC-certified minority business enterprises (MBEs) in the procurement process.
Must be a majority owned corporation with purchasing needs in more than two markets in the U.S. and/or global purchasing.
Must assign a designated official contact to represent your company within the NMSDC network. That individual needs to be an employee of the company who has responsibility for supplier/business diversity.
Must have an established formal supplier/business diversity program or commitment to implement a supplier/business diversity program that promotes the utilization of NMSDC-certified MBEs.
Membership Benefits
As an NMSDC national corporate member, your company has membership with all regional affiliates. This is made possible through the distribution of funds made to each regional affiliate by NMSDC. The regional affiliates play a critical role in our ability to deliver membership benefits to you as the service delivery arm of NMSDC, providing localized services to meet your procurement needs where you operate, connecting you to MBEs within their region, collaborating and creating developmental programming that addresses your needs and that of the suppliers, and advocating for minority business inclusion and economic parity within their geographic footprint.
When you join NMSDC, you unlock the following benefits* to enhance your supplier/business diversity program thus creating a more agile and diverse supply chain that better meets your consumers’ needs while increasing your shareholders’ return on investment.
- Membership in NMSDC industry groups to address current and emerging industry trends that may affect your industry and corporation.
- Complimentary registration for:
- The NMSDC Business Diversity Leadership Summit, which provides supplier/business diversity program education and support.
- Quarterly matchmaker events to connect with MBEs and source for upcoming needs.
- Discounts to attend the NMSDC Annual Conference & Exchange and Minority Business Economic Forum.
- Sponsorship, exhibition, and advertising opportunities at NMSDC signature events to showcase your programs and events and connect with new MBEs.
- Access to NMSDC programs such as Centers of Excellence, Acres, and Global Link.
- Access to the online Corporate Plus directory of high-growth MBEs who have a proven track record of scaling for national contracts.
- Complimentary validation of your supplier database against the NMSDC database each year through Check-Mate (additional validations are available for a nominal fee).
- Access to NMSDC’s online database of all NMSDC-certified MBEs, decreasing your time to source new suppliers.
- Access to the Certified Shared Database.
- Access to NMSDC’s global partners in the countries where you do business.
- Access to networking opportunities.
- Assistance and support in marketing requests for proposals/bid opportunities, events, and corporate news/awards.
- MBE referrals and/or introductions.
*Additional benefits come from the regional affiliates.
Membership Dues Structure
NMSDC national membership dues are reviewed and updated annually. Dues are based on annual global sales from the corporation’s last fiscal year. Membership renewal is based on the member’s anniversary date. Below is a listing of our current membership dues:
Sales Over $30B
Annual Dues: $43,700
Sales of $18 to $29.9B
Annual Dues: $36,513
Sales of $11 to 17.9B
Annual Dues: $29,095
Sales of $6 to 10.9B
Annual Dues: $21,850
Sales of $1 to $5.9B
Annual Dues: $14,663
Sales Under $1B
Annual Dues: $10,350
Membership Application Process
The following general process is followed for membership onboarding:
- Submission of the corporate member application.
- NMSDC review and approval of the application.
- Invoice and payment of applicable membership dues.
- Membership onboarding:
- Member Success Engagement Ambassador introduction.
- Systems access credentials.
- Onboarding webinar.
- Regional affiliate introduction.
Ready to Join NMSDC?
We are ready to help you build a world-class supplier/business diversity program! Click the apply for membership button to start your application.