In Girls’s Historical past Month and all year long, Thinkzilla Consulting, a woman-owned model engagement agency licensed by the Nationwide Minority Provider Improvement council firmly makes the case for extra numerous girls entrepreneurs and small companies. In its current white paper, Thinkzilla shares “The Enterprise Case for Range & Innovation Via Strategic Provider Inclusion,” educating corporations on the financial and group advantages of range provider applications, particularly.
By 2025, corporations worldwide are anticipated to extend their range spending objectives by 50 p.c, based mostly on a research by the Hackett Group. In the meantime, women-owned companies grew a full 10.5 p.c between 2017 and 2018 alone, in line with the U.S. Division of Commerce, and proceed to pattern upwards. About 19 p.c of companies are minority-owned, in line with the 2020 Annual Enterprise Survey, however these numbers are additionally on the rise.
“Clearly, the time is greater than proper to do what’s proper and shift extra spending to numerous suppliers,” mentioned Dr. Velma Trayham, CEO of Thinkzilla Consulting and founding father of the Millionaire Mastermind Academy, a nonprofit group that provides technical help, enterprise coaching and mentorship to minority girls entrepreneurs. “Provider range encourages financial progress, evokes new services and products, creates new job alternatives and sparks wanted change in communities.”
In an goal to assist extra minority-owned companies and entrepreneurs, Thinkzilla expanded to Scottdale on the Arizona State College SkySong Innovation Heart, the place it launched the primary United Range Enterprise Summit, convening enterprise consultants and CEOs to share progressive approaches to enhancing Arizona’s financial progress outcomes.
Numerous suppliers have gotten essential hyperlinks in an increasing number of company provide chains, notably Ford Motor Firm, JPMorgan Chase, and lots of different Fortune 500 corporations. The Billion Greenback Roundtable, for example, consists of almost 30 such corporations that spent a minimal of $1 billion yearly with minority- and women-owned suppliers, with spending rising by greater than 150 p.c over the previous decade. JPMorgan Chase alone spent $2.5 billion with numerous companies in 2019 and has pledged to spend $30 billion to advance racial fairness.
Thinkzilla frequently works with authorities businesses and Fortune 500 corporations serving to them join with small companies to strengthen provider range applications by connecting them to new suppliers, enhancing current applications, and constructing provider range efforts from scratch.
ABOUT THINKZILLA:
The one agency that mixes program administration sources with intensive DE&I experience, a community of 1000’s of minority-led enterprise suppliers, and full-service advertising capabilities, Thinkzilla not too long ago launched a proprietary DEI scorecard for shoppers. It may be used for audits, to assist coaching and applications, and to assist organizations construct extra inclusive workplaces and workforces. www.thinkzillaconsulting.com
