Monday, April 12, 2021
No menu items!
HomeBanksFifth Third Bank, National Minority Development Council Launch Certificate Program ...

Fifth Third Bank, National Minority Development Council Launch Certificate Program …

Fifth Third Bank, National Association, in collaboration with the National Minority Supplier Development Council, has announced the launch of its NMSDC Centers of Excellence Certificate Program (COECP). The program will last for nine months and will involve selected minority-owned private businesses that are NMSDC-certified Class II businesses, with annual sales between $1 million and $10 million and that have a minimum of five employees. It will strengthen corporate supplier selection processes and help minority businesses compete in a global environment. The program is made possible through the Bank’s relationships with the Ohio, Georgia, Michigan, Mid-States and Chicago MSDC regional councils.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407005174/en/

Kala Gibson, head of Business Banking and chief enterprise corporate responsibility officer at Fifth Third Bank and National Minority Supplier Development Council board member (Photo: Business Wire)

Kala Gibson, head of Business Banking and chief enterprise corporate responsibility officer at Fifth Third and NMSDC board member, explained the Bank’s dedication to providing resources to MBEs. “Small, minority businesses are vital to our nation’s stability and economy. We are committed to offering best-in-class services and equipping these business owners with the information and access they need to help them successfully compete and secure business growth opportunities in the marketplace.”

The new certificate program is designed to empower minority entrepreneurs and give them a competitive advantage that will assist them with securing contracts with Fifth Third and other large companies. The virtual program includes instruction from Rutgers University’s Center for Urban Entrepreneurship and Economic Development, as well as coaching, mentoring, meetings, seminars and assignments from Fifth Third and NMSDC executives and NMSDC-certified minority business owners. The program will:

  • Enhance opportunities for NMSDC-certified businesses to enter partnerships, joint ventures, strategic alliances or teaming agreements, secure larger contracts, and grow to a global scale.

“We are delighted to support this capacity building and learning experience to position MBEs to add value to the Fifth Third Bank supply chain and the communities in which many of our employees and customers reside,” said Marsha Thornton, vice president and director of supplier diversity.

The Bank’s new certificate program is part of Fifth Third’s $2.8 billion commitment that will provide $2.2 billion in lending, $500 million in investments, $60 million in financial accessibility and $40 million in philanthropy as part of its Executive Diversity Leadership Council’s Accelerating Racial Equality, Equity and Inclusion initiative. The commitment is focused on four strategic pillars that directly impact customers and communities with targeted outcomes…

Source link

banknewsnowhttps://www.banknewsnow.com
Founder and CEO of the premier banking news informational website for the banking/financial industry, and applicants seeking careers exclusively in the finance field.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

    Skip to toolbar