FOR IMMEDIATE RELEASE - November 14, 2013
Media contact: James E. Garcia, 602-460-1374
2nd annual Minority Business Enterprise Summit November 15
- New business reports to be released
- Inductions announced into AZ Million Dollar Circle of Excellence [AZ MDCE], promoting supplier diversity
- Keynote Speaker, Bill Moon, chairman of Billion Dollar Roundtable
(PHOENIX) The second annual Minority Business Enterprise Summit will feature the release of two new reports about family-owned small businesses and best practices for supplier diversity chains; the recognition of companies doing more than $1 million in business with minority- and women-owned firms; and the announcement of the 2013 Phoenix Minority Business Development Agency Business Center Awards.
The MBE Summit, hosted by the Phoenix MBDA Business Center and the Arizona Hispanic Chamber of Commerce, takes place November 15, 8:30 to 10 a.m., at the Arizona Biltmore Resort in Phoenix. Registration and a mini business expo begin at 7 a.m.
"This is only the second year for the Summit, but it's fast becoming a signature event on the state's business landscape," said Gonzalo A. de la Melena, president and CEO of the Arizona Hispanic Chamber of Commerce. "Arizona Hispanics constitute the largest share of minority-owned businesses. We've created this event because we understand the growing overall importance of minority- and women-owned companies in our economy. The Summit is designed to highlight that very unquestionable trend."
The MBE Summit's keynote speaker is Bill Moon, chairman of the Billion Dollar Roundtable (BDR), a non-profit international organization dedicated to expanding the participation and advancement of minority- and women-owned businesses providing supplies for larger companies. The 18 corporations that are members of the BDR purchase more than $1 billion annually in goods and/or services from minority- and women-owned companies.
Among the highlights of this year's Summit is the release of the 2013 roster for the Arizona's Million Dollar Circle of Excellence, co-chaired by Donald E. Brandt and Don McKneely. Brandt is chairman and CEO of Arizona Public Service. McKneely is president & CEO of TexCorp, and a founder of the Billion Dollar Roundtable. The Million Dollar Circle of Excellence, modeled after the BDR, represents member companies that spend more than $1 million annually with minority- and women-owned companies in Arizona. The AZ MDCE inductees for 2013 are: APS, Arizona State University, Austin Commercial LP, Bank of America, CenturyLink, City of Phoenix- Aviation, Cox Communications, Freeport-McMoran, Hensel Phelps, Southwest Gas, SRP, Sundt Construction, Inc., and The Apollo Group.
Two new reports will be released at the Summit: the Family-owned Business Enterprises Report and the Supplier Diversity Best Practices White Paper. The reports are part of the Arizona Business Research Series commissioned by the Arizona Hispanic Chamber of Commerce and the Phoenix MBDA Business Center. Previous reports in this series surveyed minority-, women- and Hispanic-owned businesses. In September, the Chamber also released its annual DATOS: The State of Arizona’s Hispanic Market, a detailed analysis of consumer and demographic trends in Arizona’s Hispanic community. On November 21st, the Chamber will release DATOS: Tucson.
Highlights in the 2013 Family-Owned Business Enterprise Report: 56 percent of minority-owned businesses are family-owned; are slightly smaller in terms of median revenue in 2011 ($197,600) as compared to minority-owned businesses that are not family-owned ($227,000); and are more likely to be home-based (49% vs. 38% not family-owned) and women-owned businesses (41% vs. 32% not family-owned).
"Given the state of Arizona’s rapid economic recovery and the growing role of minority entrepreneurs, understanding how minority family-owned businesses are faring and how they feel about the future is integral to planning our economy," said de la Melena.
The release of the Supplier Diversity Best Practices White Paper will be coupled with a roundtable discussion moderated by Nora Neibergall of the Institute of Supply Management. The panel will discuss best practices researched in the white paper. The panelists will be Michael Garcia (Boeing), Frantz Tiffeau (Nationwide Insurance), and Lorena Valencia (Reliance Wire). The report address common challenges faced by companies seeking to diversify their supply chains, such as: fostering support among management; having the purchasing division embrace supplier diversity; developing a qualified and diverse bidder pool; and making sure diverse spending flows down.
Arizona is home to an estimated 100,000-plus minority-owned business enterprises, two-thirds of which are Hispanic-owned, contributing billions annually in revenue to the state’s economy.
Notably, the already substantial impact of minority-owned businesses is growing at a phenomenal rate. The number of businesses owned by Hispanic women, for instance, are growing three to four times the national average of non-Hispanic-owned firms. Hispanic-owned businesses are expanding at a rate two to three times the national average, while Asian American-owned companies are recording historic growth as well.
The Phoenix MBDA Business Center Award winners (bios included below) also will be recognized at the November 15th breakfast. The 2013 winners are:
- Minority Firm Of The Year, Fortis Networks, Inc., Reyna & Clarence Mcallister
- Minority Manufacturing Firm Of The Year, Reliance Wire & Cable, Lorena Valencia
- Minority Construction Firm Of The Year, Hubzone Corporation, Charmaine Burnett
- Minority Technology Firm Of The Year, Native Technology Solutions, Derek E. White
- Minority Advocate Of The Year, Terrilynn Cook, Navajo Housing Authority
The MBDA Business Center (phoenixmbdacenter.com) has been locally operated by the Arizona Hispanic Chamber for 15 years. The center counsels mid-sized minority-owned firms on how to take their companies to the next level. The awards are designed to celebrate and recognize the outstanding achievements of minority entrepreneurs, as well as individuals and organizations, who have demonstrated leadership and commitment in advancing minority business enterprises. Local winners are eligible to be nominated to receive regional and national MBDA awards. In the past two years, the Center has facilitated $360 million in transactions, helped create 160 new jobs and retain 230 jobs.
Bill Moon Biography
(headshot available upon request)
William "Bill" J. Moon, CPM, is chairman of the Billion Dollar Roundtable and former vice president of procurement services, UPS Inc. Moon was selected as one of the “Top 75 Supplier Diversity Leaders” in the U.S. In August, WE USA named him one of the “Outstanding Men of WBE” for 2013. Bill was Chairman of the Board for the Women’s Business Enterprise National Council (WBENC) from June 2005 through June 2007, and is a former Executive Committee Member of the National Minority Supplier Development Council (NMSDC). He is an active board member with several Native American Groups including; The Native American Chamber of Commerce and Nick Lowrey’s (Kansas City Chiefs) non-profit, Nation Building for Native Youth. In 2005, Bill was named “Native American – Man of the Year” by the Native American Chamber of Commerce. In 2013, he became a member of Big Brothers and Big Sisters Advisory Board for their Native Youth initiative.
Minority firm of the Year | Fortis Networks
Fortis Networks is a general construction services contractor headquartered in Phoenix, Arizona with offices in Yuma, AZ, El Paso, TX and El Centro California. Fortis provides specialized services like Fiber Optic installation and is a general contractor in multiphase construction specializing in design build projects, and offers services in the areas of Construction, Engineering and Technology Services.
2013 Minority Construction Firm of The Year | Hubzone Corporation
Hubzone Corporation was founded in February 2002 as a California Corporation to provide turnkey services to our customers. The company is certified as an 8(a), Service Disabled Veteran-Owned, Woman-Owned, HUBZone [pending] construction company. Hubzone's in house capabilities consists of general construction, renovation, remodel, electrical contracting, painting and light demolition.
2013 Minority Manufacturing Firm Of The Year | Reliance Wire & Cable
Lorena Valencia, President/CEO, Reliance Wire & Cable, has grown her companies from complete start-ups to successful organizations that have grossed over $63 million dollars and employs 109 people. Additionally, she is significantly diversifying her products portfolio into other markets which include some revolutionary, soon to be patent pending products. Ms. Valencia is also President of Magin Corp, a corrugated and plastic pallets company that is dedicated to providing ecofriendly alternatives to the use of traditional wooden pallets. She is also the founder and president of Fizz Technologies, an IT company that delivers collaborative, supply chain SAS solutions.
2013 Minority Technology Firm Of The Year | Native Technology Solutions
Derek E. White is the General Manager for Gila River Telecommunications with direct oversight of three Company owned subsidiaries; Native Technology Solutions, Inc.; Alluvion Communications, Inc.; and, Gila River Asset Management, Inc. Native Technology Solutions (NTS), an enterprise support company, provides low voltage/special systems solutions throughout the Gila River Indian Community and the southwest.
2013 Minority Advocate Of The Year | Terrilynn Cook, Navajo Housing Authority
The Navajo Housing Authority (NHA) is the Navajo Nation Tribally Designated Housing Entity (TDHE), and is committed to building sustainable quality homes, promoting economic self-sufficiency and providing exemplary services through professionalism, leadership and respect. NHA is the largest Indian housing authority in the country and is approximately the tenth largest public housing authority in the country next to the City of Atlanta Housing Authority. Fifteen field offices and one residential Management Corporation are managed by the Navajo to deliver service to tribal members residing within 110 Chapters and their surrounding communities.
Founded in 1948, the Arizona Hispanic Chamber of Commerce is the premier advocate for more than 65,000 Hispanic-owned small businesses and more than 2 million Hispanic consumers statewide.
Led by CEO and President Gonzalo A. de la Melena Jr., the non-profit organization provides products and services in the area of market intelligence, capacity building, advocacy and education for the benefit and success of its members, corporate partners and to actively promote the economic growth and vitality of Arizona. The Arizona Hispanic Chamber’s annual signature events include the Black & White Ball and Business Awards; the release of DATOS: Focus on the Hispanic Market; the Arizona Minority Business Enterprise Summit; and the Bud Shootout Golf Tournament—along with more than 60 other workshops, seminars, public forums and business networking activities.
The Chamber also operates Arizona’s only federally funded Minority Business Development Agency Center, which provides access to contracts and capital for mid-sized companies among the state’s 100,000+ Minority Business Enterprises in search of growth and investment opportunities.
The Arizona Hispanic Chamber is dedicated to promoting the health and prosperity of the state and national economy by serving as a vital link to the growing power and influence of Hispanic business owners and consumers as part of our increasingly diverse global marketplace.
About the Phoenix MBDA Business Center
The Phoenix Minority Business Development Agency (MBDA) Business Center is a non-profit organization, federally funded by the Minority Business Development Agency, U.S. Department of Commerce, and operated by the Arizona Hispanic Chamber of Commerce Foundation. The Center strives to create a generation of minority-owned business enterprises (MBEs) generating $100 million in annual revenues focusing on maximizing job creation and global competitiveness for minority-owned businesses. MBDA aims to foster innovation and entrepreneurship with minority-owned businesses in high-growth industries. This is accomplished through fostering the growth, expansion, and competitiveness of minority business enterprises by assuring access to credit, capital, markets, consultation (business and professional), collateral, and other resources.