Diverse Supplier
A “diverse supplier” is a business that is at least 51% owned and controlled by one or more women, minority group members, or service-disabled veterans.
Diverse suppliers are an important part of the American economy, and the government encourages businesses to use them whenever possible. When awarding contracts, the government gives preference to companies that use diverse suppliers. This helps to ensure that taxpayer money goes toward supporting businesses that reflect America’s diversity.
There are many benefits to using diverse suppliers. They can provide innovative solutions and insights, tap into new markets, and bring unique perspectives to projects. In addition, working with diverse suppliers can help businesses build strong relationships with the communities they serve.
The government has set goals for increasing the number of contracts awarded to diverse suppliers. Businesses that are interested in doing business with the government should make an effort to identify and work with qualified diverse suppliers.