Browne E & C Services, Inc. was proud to be a part of the Fall 2021 Supplier Diversity Event at the University of Louisville. The event was filled with local minority and women owned businesses sharing their services, products, and expertise with attendees. An event like this not only helps to grow local businesses, but has far reaching community benefits as research from the Harvard Business Review suggests.
“Inclusive procurement also delivers broader societal benefits by generating economic opportunity for disadvantaged communities. The U.S. Small Business Administration estimates there were 8 million minority-owned companies in the United States as of 2018. The National Minority Supplier Diversity Council reports that certified MBEs generate $400 billion in economic output that lead to the creation or preservation of 2.2 million jobs and $49 billion in annual revenue for local, state, and federal tax authorities. And those numbers are steadily increasing.” – Harvard Business Review
Louisville Metro Government estimated that more than $5 billion will be invested in the community over the next five years and according to the Brookings Institute, the net worth of a typical white family ($171,000) is nearly 10 times greater than that of a Black family ($17,150). In addition, only 2.4% of Louisville’s businesses are Black-owned, the city’s population is 22% Black. Working towards a more equitable distribution of black and minority owned business will benefit our community and local businesses. We were proud to be a part of this event.
The Browne team shared with attendees just a few of the exciting Louisville projects we’ve been a part of over the last 12 months, from the launch of the new Louisville Urban League Community Center, to the upcoming completion of the massive Waterway Protection Tunnel.
Browne is a project management firm overseeing the planning, design, and construction of a project from beginning to end. To talk with us about your next project call 513-931-0900. We look forward to working with you!
University of Louisville supplier diversity event photo credit: Melissa Cobb