Resources Available to Diversity BusinessesJune 1, 2023 9:56 am
Businesses that are certified as Diversity or Minority-Owned meaning they are more than 51% owned by a diversity-designated group have access to resources at the local, state, and federal levels. These resources can assist with many different aspects of business dealings from employee training to financial and technical assistance and from bidding opportunities to organizational partnerships.
For this article, we will be using interchangeably diversity-owned, minority-owned, and
minority-owned business enterprises as various organizations use different terms to express
Massachusetts Diversity Businesses Resources
Securing procurement and contracting relationships with the Commonwealth of Massachusetts can be a complicated process that requires some assistance, especially for new, small, and diversity-designated businesses. The Supplier Diversity Office (SDO) has a comprehensive list of resources that can be accessed on their website.
Many of these resources help with access to financial capital, leadership and employee training and development, networking, and bidding opportunities within the Commonwealth.
SDO Training Resources
The Supplier Diversity Office has a multitude of training videos and programs including buyer and vendor training, finding partners, Diversity Program Overview videos, and a review of the forms needed within the certification program.
In addition to training resources, the SDO also has bidding opportunities through procurement portals and resources. These are available to diverse and small companies seeking to do business with public (state and municipal), quasi-public, and other customers.
Financial & Technical Resources
Gaining access to capital and technical resources can be a challenge. The SDO offers a number of organizations that provide Capacity Building, Financial, and Technical Assistance. For the complete list visit Resources for Small & Diverse Businesses.
Valuable partnerships are available through the SDO for both certified and community partnerships. These partnership opportunities provide certification services and outreach and engagement services to diverse and small businesses.
Resources at the Federal Level
At the federal level, the U.S. Small Business Administration offers resources for small and diverse businesses. To access all the resources please visit their site or click on one of the following links.
Additional Helpful Resources
There are many organizations and agencies that help with special consideration and programs for both diverse businesses and those that are certified. Here are some links that will bring you to some of these organizations.
- Center for Women Enterprise
- City of Boston SLBE/MWBE/VOSBE Directory
- Greater New England Minority Supplier Development Council
- Massachusetts Growth Capital Corporation
- Massachusetts Small Business Development Center Network
- Massachusetts Supplier Diversity Office