New $1.1 Million Investment from Fifth Third Foundation Advances NMSDC Centers of Excellence Certificate Program - Seite 2

To cultivate a robust supplier base throughout the country, the NMSDC COECP brings together the best and brightest minds in supplier diversity and inclusion. Through mentorship, executive coaching, and educational lessons, the program develops a stronger and more inclusive business community across multiple disciplines and geographic areas.

“We are delighted to deepen our relationship with NMSDC as part of our commitment to supporting small businesses and advancing inclusion in the economy,” said Fifth Third’s Director of Supplier Diversity Carla Cobb. “We are proud of the MBEs who committed themselves to this transformative program, thereby adding value to our supply chain and uplifting the communities they serve.”

In 2023, the program’s successes include an increase in profits of $15.8 million, new clients and/or contracts ranging from $20,000 to $7 million during the 12-month program, and a 90% success rate for graduates implementing strategic growth plans.

In addition to support from First Third and NMSDC, the program is made possible through strategic partnerships with corporate members, the Center for Urban Entrepreneurship & Economic Development at Rutgers Business School, Covenant Business Concepts, BCT Partners, and Institute Supply Management (ISM).

Visit nmsdc.org/programs-events/centers-excellence for more information.

About NMSDC

Founded in 1972, NMSDC is the longest-operating business growth engine for the broadest group of systematically excluded communities of color (Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American), and our impact goes far beyond the supply chain. It’s about upward mobility for the emerging majority of Americans, an equal shot at participating in the American experiment of free-market capitalism and entrepreneurship. Our work is about correcting the unequal access to wealth-building opportunities. For more information, please visit nmsdc.org.

About the Fifth Third Foundation

Established in 1948, the Fifth Third Foundation was the first charitable foundation created by a financial institution. The Foundation supports worthy causes in the areas of health and human services, education, community development and the arts in the states where Fifth Third Bank operates.

About Fifth Third Bank

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.